Cars and Drivers
Cars and Drivers Articles
Auto industry research firm J.D. Power has released revised estimates for new car sales in the United States for 2020. The COVID-19 lockdowns have already chopped estimated April sales by more than...
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It has been presumed for some time that U.S. new car sales would plunge due to the spread of COVID-19. In fact, New York City sales were nearly zero for the week.
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Ford seems to be caught between a rock and a hard place. While the COVID-19 instant recession has been brutal, Ford already was facing problems before the economy tanked in February and March.
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Every major car company in the world counted China as its largest potential market. But car sales have crashed across the world due to the spreading pandemic.
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Tesla showed that this was its best first-quarter production and deliveries report yet. Even its Shanghai factory continued to reach record levels of production despite some significant setbacks.
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American car sales fell enough in March to indicate domestic car sales could fall by half, at least for several months.
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Now that S&P has joined Moody's in dropping Ford's credit rating to below investment grade, the company's debt can officially be called junk.
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Tesla was an absolute market darling going into this coronavirus scare. Since then, it has sold off with the rest of the market, and now it has been downgraded.
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GM announced Tuesday that it has drawn $16 from its credit facilities to boost its cash position. Investors are interpreting that as a backstop for dividends.
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Ford has announced the closure of assembly plants in North America, Asia and elsewhere due to the coronavirus pandemic. The questions is, even when production resumes, will there be buyers?
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Even the most innovative companies in America are getting mowed down in some form or fashion as the recession starts to unfold. Tesla Inc. (NASDAQ: TSLA) may have seen its shares rally 18% on...
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To say that the auto industry is about to take a beating due to the coronavirus pandemic is perhaps an understatement.
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Some industries just cannot have their employees work from home. That fits the bill for most automaker workers who are involved on the factory lines.
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Ford has one of the largest dividend yields of any major U.S. company. It cannot maintain that dividend if its sales in China continue to plunge.
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The number of cars per person in the U.S. dropped in 2018 and continues below its peak of a dozen years ago. Miles driven per person are even lower. Is the American love affair with cars and pickups...
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