Associated Press Published 8:50 a.m. ET July 28, 2020 | Updated 9:24 a.m. ET July 28, 2020 Drivers are holding on to cars and trucks longer during the coronavirus pandemic. The average age of a vehicle on U.S. roads rose by a month this year to a record 11.9 years. The IHS Markit consulting firm… Continue reading Drivers hold onto cars in pandemic; average age hits record
Category: US Motoring Press
Ford to tell ‘untold story’ of the Bronco’s return in new podcast
The first 30 years of the Ford Bronco’s history intersected with major events in American history, from the Vietnam War to the civil rights movement to one of the most famous police chases of all time. Now, as the Blue Oval prepares to bring back one of its most iconic vehicles after nearly 25 years, a… Continue reading Ford to tell ‘untold story’ of the Bronco’s return in new podcast
Gasoline’s demand rebound fades at height of US driving season
Jeffrey Bair, Jack Wittels and Saket Sundria, Bloomberg Published 10:15 a.m. ET July 28, 2020 | Updated 10:22 a.m. ET July 28, 2020 A sharp rebound in gasoline consumption that helped to drive oil prices higher appears to be running out of steam, a development that should be a cause for concern across the petroleum… Continue reading Gasoline’s demand rebound fades at height of US driving season
2 nabbed in ex-Nissan boss’ escape say they won’t flee US
Alanna Durkin Richer, Associated Press Published 2:21 p.m. ET July 28, 2020 | Updated 2:23 p.m. ET July 28, 2020 A U.S. magistrate judge improperly denied release to a father and son wanted by Japan on charges that they helped sneak former Nissan Motor Co. Chairman Carlos Ghosn out of that country, their attorneys said… Continue reading 2 nabbed in ex-Nissan boss’ escape say they won’t flee US
Tesla shares sag as analyst flags ‘mind-boggling’ valuation
Esha Dey, Bloomberg Published 11:56 a.m. ET July 28, 2020 | Updated 12:00 p.m. ET July 28, 2020 Tesla Inc. has grown bigger than Toyota and Volkswagen combined thanks to a rally more befitting a technology stock than a car maker, and buying it now is probably a mistake for anyone but day traders, an… Continue reading Tesla shares sag as analyst flags ‘mind-boggling’ valuation
Ford sending robotic ‘Fluffy’ to Van Dyke Transmission Plant
CLOSE Ford’s Van Dyke Transmission Plant in Sterling Heights will welcome an unusual visitor in August. A 70-pound, dog-like robot, nicknamed Fluffy, will spend two days at the plant in Macomb County. The yellow, battery-powered robot will be there to conduct a laser scan on a portion of the plant floor. Scans are done to prepare for retooling,… Continue reading Ford sending robotic ‘Fluffy’ to Van Dyke Transmission Plant
Meet Fluffy: Ford trains robotic dog to map its plants
CLOSE Ford is tapping four-legged robots at its Van Dyke Transmission Plant to laser scan the plant. The Detroit News Ford Motor Co. digital engineer Paula Wiebelhaus takes Fluffy outside for walks in the yard. Her cats hide from him. He has his own spot in a corner of the bedroom where after a run, he… Continue reading Meet Fluffy: Ford trains robotic dog to map its plants
Report: Ford gets 1-year extension on billions in loans
CLOSE Ford has secured some additional breathing room as it tries to navigate the ongoing global financial crisis. The Dearborn automaker has gotten commitments from enough banks for a one-year extension on the bulk of revolving loans totaling about $5.35 billion, according to Reuters, which said JP Morgan was leading the effort. The news service, citing… Continue reading Report: Ford gets 1-year extension on billions in loans
Fiat Chrysler workers in Toledo: We’re the victims in corruption scandal
CLOSE A group of Fiat Chrysler Automobiles workers is suing FCA and the UAW for racketeering and conspiracy, claiming they are the real-life victims of the ongoing corruption scandal. The 27 Toledo-based autoworkers listed as plaintiffs said the UAW buried their concerns about pay and employment status because union officials were getting the kinds of swanky perks — travel, fancy… Continue reading Fiat Chrysler workers in Toledo: We’re the victims in corruption scandal
Former Fiat Chrysler sales chief says stimulus cash saving auto industry
Stimulus spending by governments around the world is keeping the outlook for the auto industry strong in the coming months amid the COVID-19 pandemic, said Reid Bigland, Fiat Chrysler Automobiles’ former head of U.S. sales. “Normally when you get an 80-year high in unemployment — 14.7% — you’re going to get devastation across the board,” Bigland said Tuesday during… Continue reading Former Fiat Chrysler sales chief says stimulus cash saving auto industry