India Yamaha Motor has opened its 200th Blue Square showroom in Chennai. The network expansion and milestone dealership comes just under a year after the company announced its plans to convert all its dealerships into Blue Square outlets. Furthermore, by the end of this year, there will be 300 Blue Square stores in India. The Japanese scooter… Continue reading India Yamaha Motor opens 200th Blue Square showroom in Chennai, targets 300 by year-end
Category: US Motoring Press
UAW President Shawn Fain outlines changes to the union’s operations ahead of bargaining
UAW President Shawn Fain outlined several changes Friday in how the union will operate going forward from its communications strategy to organizing more members across various industries to changing how it does politics. “Our members are excited about a clean, member-driven fighting UAW,” Fain said. “That means we have to make some important changes as… Continue reading UAW President Shawn Fain outlines changes to the union’s operations ahead of bargaining
Automakers’ new crisis: Some 70,000 new cars are stuck at factories amid rail car shortage
Paul Zimmermann is feeling some deja vu these days. His new-car inventory at Matick Chevrolet in Redford last month was nearly as thin as it was during the semiconductor chip shortage two years ago. Only this time the automakers have the parts they need to build their cars. They just can’t get the finished vehicles… Continue reading Automakers’ new crisis: Some 70,000 new cars are stuck at factories amid rail car shortage
Toyota defies skeptics as stock seals best week since 2009
Akio Toyoda, president and CEO of Toyota Motor Corp. Kiyoshi Ota | Bloomberg | Getty Images DETROIT – Toyota Motor stock sealed its best week since 2009 on Friday, as the automaker laid out a robust plan for future all-electric vehicles and company scion Akio Toyoda became leader of the Japanese company’s board. Shares of… Continue reading Toyota defies skeptics as stock seals best week since 2009
Elon Musk says Tesla’s market cap is directly tied to whether it solves autonomous driving
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, June 16, 2023. Chesnot | Getty Images Tesla CEO Elon Musk thinks the automaker’s market capitalization is directly tied to whether the automaker is able to solve autonomous driving,… Continue reading Elon Musk says Tesla’s market cap is directly tied to whether it solves autonomous driving
Auto insurers are raising rates, even as car prices ease. ‘The pandemic has been really disruptive to the auto repair business,’ economist says
Simon2579 | E+ | Getty Images More wrecks, fewer shops mean higher premiums Average motor vehicle insurance prices rose by 17.1% in May versus a year ago, according to the consumer price index. That’s among the largest annual increases of any consumer good or service, bested only by prices for margarine, frozen vegetables, motor vehicle… Continue reading Auto insurers are raising rates, even as car prices ease. ‘The pandemic has been really disruptive to the auto repair business,’ economist says
‘You have to be ready for a sell-off,’ Cramer says of this highly overbought market
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Be ready for a sell-off Stick with Ford Don’t invest based on fear 1. Be ready for a sell-off U.S. stocks rose Friday, adding to strong weekly performances for all… Continue reading ‘You have to be ready for a sell-off,’ Cramer says of this highly overbought market
Stellantis to reveal its first Europe-made affordable electric vehicle
Citroen CEO Thierry Koskas poses next to an electric concept car on June 14, 2023. Joel Saget | Afp | Getty Images Stellantis, the third-largest carmaker in the world by revenue, will reveal its first European-made, affordable electric car in mid-October. The new Citroën e-C3 model will have a 320-kilometre range and a 57-minute “fast… Continue reading Stellantis to reveal its first Europe-made affordable electric vehicle
Howes: UAW’s Fain uses new tools to deliver promises, confound skeptics
This content is only available to subscribers. Get unlimited digital access. $1 a month for the first 12 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan… Continue reading Howes: UAW’s Fain uses new tools to deliver promises, confound skeptics
Stellantis appoints new head of customer experience in North America
The maker of Jeep SUVs, Ram pickup trucks and other vehicles has named a new head of customer experience in North America to replace a 30-year veteran who is retiring. William Kendell, who holds global responsibility for propulsion supplier quality at Stellantis NV, will succeed David McDonald effective July 1. Kendell will direct staff around… Continue reading Stellantis appoints new head of customer experience in North America