by Randall McAdory | May 9, 2020 | Coronavirus
That’s the result of an IBM survey of 25,000 adults in the U.S. More than half of the respondents who use ride sharing app services said they will use these services less or stop completely. Seventeen percent say they will use their personal vehicle more, with many...
by Randall McAdory | May 6, 2020 | Autonomous Vehicles, Coronavirus, Electric Vehicles, General Motors, GM Cruise Automation
GM posted a small profit during Q1 which is surprising given the heavy losses announced by the other 2 Detroit automakers in Q1. According to AutoNews, GM’s CFO is saying the pandemic will not impact the company’s work on their electric and autonomous vehicles. The...
by Randall McAdory | May 5, 2020 | China, Coronavirus, General Motors
China is the world’s largest automotive market by far. General Motors is the second largest foreign automaker in China. The country is also GM’s top-selling vehicle market, with sales slightly over 3 million vehicles in 2019. As business activity in China recovers...
by Randall McAdory | Mar 25, 2020 | Aptiv, Coronavirus
It was reported today that autonomous vehicle software company, Aptiv, will access a $1.7 billion credit line, as well as suspend its $225 million dividend to conserve cash as part of the company’s survival plan to weather the Covid-19 economic storm. How might...
by Randall McAdory | Mar 22, 2020 | Coronavirus
GM, VW and other automakers around the globe are using their manufacturing, logistics, and purchasing expertise to help fight Covid-19. Automotive News has the story (subscription required) about auto company plans to help with ventilator production. Reminiscent of...
by admin | Mar 20, 2020 | Coronavirus, Waymo
According to CNBC, Waymo (Alphabet’s self-driving taxi service being tested in Phoenix and Detroit), is halting much of its operations until at least April 8 due to Covid-19.
