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Automotive Financial News

Here’s the latest and greatest financial news on Auto manufacturers and others in our industry. Another Automaker Scandal …Up to bat? Fiat-Chrysler (-10.28%), which has been accused by the EPA of installing software to deceive emissions tests for over 100,000 diesel vehicles. Yep, sounds a lot like Volkswagen. The case against Fiat isn’t as well-defined, however, since it

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detroit auto show

The First Auto Shows of the Year

As you may be aware, the Consumer Electronics Show (CES) and the Detroit Auto Show were held last week.  Once the place for tech geeks, CES is now where automobile manufacturers and technology firms introduce the technology that could power the next generation of vehicles which I wrote about last week.  Here are some great

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Microsoft's autonomous car

CES is the First Car Show of the Year.

At the recent CES electronics show in Las Vegas, there were many auto related new product introductions.  Some from auto manufacturers and others from software vendors like Microsoft.  Surprised?  You shouldn’t be.  With telematics and autonomous vehicles, we are right in the middle of a big convergence.  In fact, CES has turned into the first

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2017 auto sales

A New Record – 17.55M Cars Sold

Can you believe it?  Due to some big incentives in December, Auto sales reached 17.55 million and the December rate was best since 2005.  GM, Ford shares surge even as industry heads into tougher 2017.  Aggressive dealmaking in December ultimately pushed the year’s total sales to a record 17.55 million cars and light trucks —

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witricity

Wireless Charging System!

General Motors will begin testing a wireless charging system for electric vehicles built by Watertown-based >WiTricity, the startup announced Tuesday.  The MIT-born company’s prototype technology allows an electric car owner to place a charging pad on the floor of the garage and recharge a vehicle just by parking over it. The system could also be installed underneath

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