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Auto Blog News Feed: Coronavirus unsurprisingly drives auto sales off a cliff in March

Mon, 03/30/2020 - 19:00

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U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence and shuttered dealerships across much of the country, and sales are likely to take a further beating in April as social distancing guidelines remain in place. "When you look at March, we basically lost half the month," said Eric Lyman, chief industry analyst at car-shopping website TrueCar.com . A rebound for the sector will likely depend on how long the crisis lasts and wha

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Coronavirus unsurprisingly drives auto sales off a cliff in March originally appeared on Autoblog on Mon, 30 Mar 2020 15:00:00 EDT. Please see our terms for use of feeds.

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Auto Blog News Feed: Harley-Davidson settles board fight with investor Impala

Mon, 03/30/2020 - 18:15

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An independent director, mutually agreed on by Impala and Harley, will join the board after the company's annual meeting, which was held in May last year, and before July 31. Impala, which owns roughly 2% of Harley's stock, nominated two directors two weeks ago as the $2.8 billion hedge fund wanted the iconic American brand to return to its roots after focusing on electric motorcycles and concentrate on its core riders. Harley and Impala entered the "agreement in the spirit of cooperation duri

Continue reading Harley-Davidson settles board fight with investor Impala

Harley-Davidson settles board fight with investor Impala originally appeared on Autoblog on Mon, 30 Mar 2020 14:15:00 EDT. Please see our terms for use of feeds.

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Auto Blog News Feed: GM reaches settlement over lost vehicle value from defective ignition switches

Sat, 03/28/2020 - 16:36

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General Motors Co has reached a $120 million settlement with owners who claimed that their vehicles lost value because of defective ignition switches, which have been linked to 124 deaths. The preliminary settlement was filed on Friday night with the federal court in Manhattan and requires approval by U.S. District Judge Jesse Furman. It would resolve the last major piece of litigation stemming from ignition switches that could cause GM vehicles to stall and prevent airbags from deploying.

Continue reading GM reaches settlement over lost vehicle value from defective ignition switches

GM reaches settlement over lost vehicle value from defective ignition switches originally appeared on Autoblog on Sat, 28 Mar 2020 12:36:00 EDT. Please see our terms for use of feeds.

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