PSA makes strides with mobility services
PSA Group's fledgling Free2Move short-term rental service in Washington, D.C., is "very close" to being a sustainable business, PSA North America CEO Larry Dominique said Wednesday. But getting this far...
Texas Man, Like Florida Man Before Him, Uses PPP Loan Money on Lambo
No offense to the state of Florida, but it's typically a good idea to avoid following in its male citizens' footsteps. Or, at least, to never appear in a sentence...
2021 Audi e-tron EV price cut by $8,800 as range improves
Audi has cut the entry price of its first battery-electric crossover, the e-tron, by $8,800 for the 2021 model year as the Germany luxury brand begins expanding its EV lineup...
Even Watching a Street Race in Atlanta Could Net You a Huge Fine
Street racing is nothing new, but it may have found an opening of late. As we've reported previously, while the ongoing Covid-19 pandemic has kept most people inside and cars off...
GM’s Betsy Ancker-Johnson, acclaimed scientist, leaves behind legacy of firsts
Forty-one years ago, acclaimed scientist Betsy Ancker-Johnson attended her first meeting in the General Motors boardroom as the Detroit automaker's vice president for environmental activities. It was 1979, and "the...
The timetable for EV launches could get dicey
The coronavirus pandemic will slow the rollout of some electrified vehicle programs as suppliers deal with liquidity issues, automakers postpone launches and consumer hold off on new-car purchases, said Michael...
BorgWarner swings to $98 million loss in Q2
BorgWarner Inc. swung to a net loss of $98 million compared with a gain of $172 million in the year-earlier period as the ongoing COVID-19 pandemic disrupted its global production...
Intent to buy used stabilizes while new-car intent weakens, study finds
Amid economic uncertainty from COVID-19, American consumers are more hesitant to buy or lease a vehicle since the outbreak began. Used-vehicle consideration remains down compared with pre-pandemic levels, but it...
KAR posts $32M net loss in Q2, but CEO expected worse
CEO Jim Hallett had braced for the second quarter to be far worse. "We started the quarter with all of our businesses shut down," Hallett said in an earnings call...
Daimler deepens alliance with Chinese battery maker CATL
FRANKFURT – Daimler says it is deepening an alliance with the Chinese battery maker CATL to deliver battery packs capable of giving Mercedes-Benz cars 430 miles of range at higher...