Month: December 2019

Fiat Chrysler Automobiles finally found a partner, though not before Sergio Marchionne’s untimely death. And not before backing out of one engagement and finding a different partner instead. Still not enough drama for you? General Motors provided a major plot twist, claiming Marchionne was the puppetmaster in a decadelong bribery scheme to buy off UAW
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Ride-hailing company Uber Technologies Inc. and courier services provider Postmates Inc. asked a U.S. court to block a California labor law set to go into effect on Wednesday, arguing the bill violates the U.S. Constitution. In a lawsuit filed in Los Angeles federal court on Monday, the companies and two app-based drivers said the law,
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Workers install a 2020 Chevrolet Corvette Stingray at Little Caesars Arena, home of the Detroit Pistons and Detroit Red Wings. Tesla CEO Elon Musk had to keep his Cybertruck reveal going after two windows shattered during a demonstration that was intended to prove the electric pickup’s durability. Strikers picket GM plants in Bowling Green, Ky.,
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Dealerships big and small increasingly have shifted their focus toward used vehicles — a side of the market that traditionally provides dealers more control and creative opportunities than the new-vehicle business. And the shift en masse toward used vehicles also comes down to money. According to J.D. Power, dealers made an average gross profit of
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Tesla has delivered its first cars made in China, marking a major milestone for the electric vehicle maker. Fifteen Model 3 sedans were handed over at the company’s so-called “Gigafactory” near Shanghai. It comes as Elon Musk’s company aims to secure a significant slice of the world’s biggest car market. Tesla’s move into the country
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In 2019 we saw some newcomers and witnessed some comebacks. Here are 10 of them. Nissan Motor Co.’s new CEO took the reins from Hiroto Saikawa this month. He inherits a company struggling with an older product portfolio and falling profits. Among his tasks are restoring the automaker’s reputation following last year’s arrest of former
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Turkey unveiled prototypes for its domestic electric car project on Friday, as the government announced sweeping incentives to back President Recep Tayyip Erdogan’s ambition to create a Turkish-made vehicle. Turkey’s Automobile Joint Venture Group, or TOGG, which comprises five companies and a business umbrella organization, will establish a factory in the manufacturing hub of Bursa,
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A sign of respect: One of your fiercest competitors saluting you as you retire. Dr. Z stepped down as chairman after leading Daimler’s separation from Chrysler in 2007 and winning back the title of world’s top-selling premium brand from BMW in 2016. BMW, in a video featuring a Zetsche look-alike, said, “Thank you … for
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