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
Automotive Financial News Read Post »
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
The First Auto Shows of the Year Read Post »
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
CES is the First Car Show of the Year. Read Post »
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 —
A New Record – 17.55M Cars Sold Read Post »
Pop Quiz in the Auto Industry as seen in Automotive News What are: $14.7 Billion $1.87 18 300 41 531 46 Million 6 seconds 75th 30 Volkswagen AG’s settlement with regulators and owners of 450,000 polluting diesel vehicles, approved by a judge in October was for $14.7 Billion, with a B! Gas prices hit a
Crazy Industry Numbers in the Auto Industry Read Post »
According to the NADA, “2016 has been an excellent year for the auto industry as we end with about 17.5 million new-car sales.” NADA Chairman, Jeff Carlson said, “It seems timing is on our side. In the regulatory and legislative arenas, NADA continued to hold its defensive line with the Consumer Financial Protection Bureau’s intrusion
An Excellent Year for the Auto Industry – NADA Read Post »
According to the NADA, “2016 has been an excellent year for the auto industry as we end with about 17.5 million new-car sales.” NADA Chairman, Jeff Carlson said, “It seems timing is on our side. In the regulatory and legislative arenas, NADA continued to hold its defensive line with the Consumer Financial Protection Bureau’s intrusion
An Excellent Year for the Auto Industry – NADA Read Post »
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
Wireless Charging System! Read Post »
Every state in America has laws governing the retail sales of new automobiles. Some states — including Michigan — preclude auto manufacturers from selling cars directly to consumers, which means that when you buy a new car, you buy it from an independently-owned, franchised dealer. Last September, Tesla Motors sued the governor, attorney general and
Tesla and their dealership suits Read Post »
Interesting Observations from recent New England Auto Sales figures 1) The market is down again this month (OCT) 3-4 mo’s in a row, but only a little over 2% down YTD! Still we are spoiled by last year’s excellent results. This is a real downer for them even tho’ it’s a marginal decline; 2)
Insights from the recent New England Auto Sales figures Read Post »
