Mark Frissora, who agreed to settle without admitting or denying the SEC’s claims, will pay a $200,000 fine in addition to returning nearly $2 million in incentive-based pay.
Continue Reading the above article 'Hertz’s ex-CEO will repay $2M over misstatements...
Europe probably will exceed 1 million sales of plug-in hybrid and electric-vehicles this year, as Tesla makes more vehicles available in the region and VW ramps up deliveries of its battery-powered ID3.
Continue Reading the above article 'Subsidies help Europe EV, plug-in hybrid market to...
The automaker has delivered more than 20,000 ventilators to the National Stockpile and expects to send the remaining 10,000 by the end of the month. Ventec will continue production at GM's Kokomo, Ind., facility.
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A judge refused to delay enforcement of the injunction that would force the ride-hailing companies to classify drivers in the state as employees. Both companies say they will appeal.
Continue Reading the above article 'Uber, Lyft lose bid to delay Calif. driver injunct...
The two Japanese automakers announced the joint project, to produce a pair of coming subcompact crossovers, in 2018. Production is due to begin next year. They did not fully explain the added investment, other than to say it was to incorporate more "cutting-edge manufacturing technologies" into its assembly line and improve worker training.
Continue Reading the above article 'Toyota, Mazda boost investment in new Ala. plant b...
The $1.5 billion settlement with the Justice Department, EPA and California Air Resources Board covers about 250,000 Mercedes-Benz light vehicles and vans. The automaker also will pay about $700 million to settle class-action litigation brought by consumers.
Continue Reading the above article 'Daimler settles U.S. probe into diesel emissions...
The state is considering a possible corridor between Detroit and Ann Arbor that would speed deployment and enable safe movement of the high-tech vehicles.
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The online used-vehicle seller said it reduced inventory during the quarter because of lower demand and uncertainty around vehicle pricing.
Continue Reading the above article 'Vroom Q2 net loss widens, revenue slips; sees dema...
The coronavirus pandemic has not had a significant impact on the U.S. dealership count through July but an expected decline in new-vehicle sales this year could mean that a drop is yet to come, a new Urban Science survey finds.
Continue Reading the above article 'Dealership count stable, but outlook points to pot...
"Driveway dealership" lets consumers perform virtual walk-arounds with a life-size image of a 2021 F-150 on their phones.
Continue Reading the above article 'Ford to show off 2021 F-150 with augmented reality...