A one-on-one with Bloomberg’s Hannah Elliott did little to lend credibility to Henrik Fisker’s plan to produce a $40,000 all-electric SUV by 2021, when it will face direct competition from Tesla’s Model Y and at least four established highline factories.
Phil Hellstrom believes work/study programs can help dealers keep their best people on staff while raising the automotive industry’s profile in a near-zero-unemployment job market.
Pressure on Hyundai and Kia ramped up Monday with the launch of a multistate probe into fires involving the South Korean manufacturers’ Theta II engines and reports suggesting U.S. Sen. Richard Blumenthal will ask for a new investigation at the federal level.
Famed car fraud attorney Bruce Shaw says the courts show no mercy to dealers who resell counterfeit units and shares hard-won advice for spotting sophisticated fakes and avoiding costly lawsuits.
A survey of QuoteWizard users finds younger drivers favor vehicles with an average 2018-MY MSRP of only $23,829, generating a Top 10 list dominated by affordable sedans.
FICO’s second annual survey of auto finance customers finds the United States and Canada atop the dealer-arranged financing rankings even as the number of auto loans originated online jumped from 5% to 13% year-over-year.
The White House’s proposed 2020 budget would allow the federal electric-vehicle tax credit to expire and terminate an Energy Department program that helped fund investments in EV production by three manufacturers in seven states.
Sources say administration officials demanded automakers get onboard with President Trump’s plan to relax federal fuel-economy regulations and abandon any support for California’s stricter standards.
U.S. dealers sold 1.27 million new cars and light trucks in February, a 2.9% year-over-year decline and the industry’s weakest two-month start in five years.
Jerry Seinfeld has sued European Collectibles of Costa Mesa, Calif., over the purchase of an ‘inauthentic’ 1958 Porsche Carrera.