Yuri Kageyama, AP Business Writer Published 9:18 p.m. ET July 28, 2020 Tokyo – Nissan reported a 285.6 billion yen ($2.7 billion) loss for April-June, as the Japanese automaker’s sales crashed amid the coronavirus pandemic and it struggled to recover from the loss of its former star executive Carlos Ghosn. Nissan Motor Co. racked up… Continue reading Nissan expects second straight year of red ink amid outbreak
Category: US Motoring Press
Vehicles on the road keep getting older, and COVID could push the age higher
CLOSE The average age of a vehicle on U.S. roads has climbed to almost a dozen years. It’s part of a long-term trend of people holding on to their cars, trucks and SUVs longer, but the impact of the COVID-19 pandemic is expected to add even more pressure to this phenomenon, possibly pushing the average up… Continue reading Vehicles on the road keep getting older, and COVID could push the age higher
GM’s solution to keep a key truck plant running amid coronavirus fears
CLOSE General Motors is reversing course at Wentzville Assembly plant, even as it continues to experience high worker absenteeism by a fearful workforce as coronavirus cases surge in the surrounding community. On Monday, GM was supposed to be in the process of idling its third shift at the factory located near St. Louis. The move would have meant some of the… Continue reading GM’s solution to keep a key truck plant running amid coronavirus fears
Drivers hold onto cars in pandemic; average age hits record
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
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