Recent News

At IPO road show, Lyft executives look to lower insurance costs

Reducing insurance costs is "the number one initiative," said CFO Brian Roberts at a luncheon at a Boston hotel for investors considering whether to buy into the closely watched IPO. ... Read More »

VW management, works council divided over restructuring, report says

A German magazine said VW scheduled an extraordinary board meeting to mediate between management and the head of its works council, Bernd Osterloh. ... Read More »

IAV Automotive hires new president

Mike Kenhard, 46, oversees North American product and services growth, IAV said. The supplier aims to continue its powertrain development and software work while embedding itself in the automotive mobility space. ... Read More »

Ford to build some EVs in Michigan, next Transit Connect in Mexico

Ford has changed its North American production plans for autonomous and electric vehicles, again. The automaker said its Flat Rock plant near Detroit eventually will become a second location for production of battery-electric vehicles, in addition to a plant in...

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Bloomberg: Pivot to SUV Is Hail Mary for Fisker

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....

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Toyota, Suzuki deepen ties to produce EVs, compacts

Toyota is a leader in hybrid technology and is investing heavily in automated driving, while Suzuki specializes in affordable compact cars. ... Read More »

Q&A: Academia Is the Bridge to the Millennial Workforce

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. ... Read More »

FTC Will Reschedule Roundtable with State Attorneys General

The Federal Trade Commission is rescheduling a Roundtable with the State Attorneys General, which originally had been planned for March 25 as part of the agency’s Hearings Initiative, due to logistical issues. A new date and further details for the session will...

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FTC and CFPB Report on 2018 Activities to Combat Illegal Debt Collection Practices

Agencies provide annual summary of work to combat illegal debt collection practices The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (Bureau or CFPB) reported on their 2018 activities to combat illegal debt collection practices. The...

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Henrik Fisker: $40,000 electric SUV ‘can actually make money’

Fisker says he's evolved since 2012, when he released the now discontinued $100,000 Fisker Karma (and its warmed-over corpse, the Karma Revero). ... Read More »