SHANGHAI — With the coronavirus outbreak largely contained since March in China, the local market for new passenger vehicles and light trucks has sustained growth for five straight months. But there has been little to celebrate for American brands here. Except for Tesla, demand for U.S.-brand vehicles remains subdued, leaving many of their dealers struggling
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Motional and Lyft said their self-driving ride-share service in Las Vegas is resuming after the coronavirus pandemic paused operations earlier this year. Motional, the joint venture between Hyundai Motor America and Aptiv, was rebranded in August and is relaunching in alignment with COVID-19 guidelines. According to a statement from Motional on Thursday, 70 percent of
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Aston Martin has come a long way since it was featured as James Bond’s weapon-laden sports car in the movie “Goldfinger.” It makes some of the world’s most envied and admired vehicles, but that isn’t helping it financially. Mounting losses, falling sales and the devastating impacts of the coronavirus, which has rocked the global economy
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Automakers and tech companies have sought to cultivate the trust of consumers as they’ve developed and launched driver-assist systems that many consider a prelude to self-driving vehicles. Those efforts may be misguided. Consumers often are confused by the performance capabilities and limitations of driver-assist systems, which can control some steering, acceleration and braking tasks. Motorists
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Used-vehicle values are cooling off, but prices as of mid-October still hovered nearly 10 percent above year-end 2019 levels. For the week ended Oct. 17, wholesale vehicle prices at Manheim auctions were 9.7 percent higher than at the start of the year, and retail prices were 9 percent higher, according to Cox Automotive. But prices
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The streets of Miami and South Beach are filled with luxury and exotic vehicles. But few are Alfa Romeos.  Breaking into the chic market has been an uphill slog for dealers since the Italian brand’s U.S. return in 2014, and a group of Alfa Romeo dealers in the area have been working for more than
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Daimler is slowly pulling back the curtain on how its line of Mercedes-Benz sports cars will evolve as the leading luxury-vehicle maker goes electric. CEO Ola Kallenius has dropped hints this month that Mercedes plans to challenge brands including crosstown rival Porsche by introducing plug-in performance models. He told German monthly Manager Magazin in an
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As COVID-19 state mandates shut down dealership retail sales, more targeted marketing efforts with bigger budgets were shifted to fixed ops departments that remained open as essential services. “Many dealers made massive cuts to their marketing budgets, but they didn’t touch service,” says Alexi Venneri, CEO of marketing firm Digital Air Strike. The sudden importance
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