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Ford is aware of five accidents involving a defect that can cause up to 1.48 million F-150 trucks to suddenly downshift to first gear, potentially causing whiplash.
General Motors and Amazon are reportedly in talks to invest in Rivian Automotive, indicating a massive shift in the “next and potentially imminent” electric vehicle market of pickup trucks, Morgan Stanley says.
Morgan Stanley’s Adam Jonas says Tesla’s control of the electric vehicle market is “unsustainable” and will soon be disrupted by Rivian.
The move is part of Ford’s overall strategy to beef up production of sport utility vehicles, crossovers, and trucks.
“Yes, it was a beat relative to consensus, but we think you have to take this report with a grain of salt,” CFRA analyst Garrett Nelson says.
Phil LeBeau reports that the “Big Three” automakers are battling on sales of heavy-duty pick-up trucks.
Shares of Tesla tumbled as manufacturers from Detroit to Japan unveiled new competition for buyers in the electric carmaker’s key market at the Detroit auto show on Monday.
As Phil LeBeau reports, GM expects to beat their earnings projections from 2018 and is giving an upbeat outlook for 2019 as well.
Ford is rolling out a new Explorer model as the automaker pushes to rebuild sales. Phil LeBeau reports.
The new Explorer has been redesigned with special features, new technology and creature comforts SUV owners have come to expect. That includes Ford Co-Pilot360 which provides driver assistance to avoid collisions.
The 2020 CLA is slightly bigger than the original coupe and will have the ability to operate hands-free under specific conditions, primarily on divided highways. It even can make a pass automatically.
The $7,500 Federal Tax Credit for electric vehicles will start to be phased out this year, impacting auto makers Tesla, GM and Nissan. Phil LeBeau reports on how this change could impact overall auto sales.
Tesla delivered fewer vehicles than expected during the fourth quarter despite efforts to ramp up production. Shares fell in morning trading.
Tesla’s board has historically been tightly linked to its CEO and includes, among others, his brother Kimbal Musk.
For the first time in seven years, Ford is producing Ranger pickups in the U.S. The automaker hopes the return of the once-popular truck will give a boost to total sales. Phil LeBeau reports.