Jaguar Land Rover cuts 1,000 jobs in the UK

The UK’s biggest auto manufacturer — Jaguar Land Rover — is cutting 1,000 jobs in its home market as Brexit and slumping sales hit the quintessentially British brand. Jaguar Land Rover — which is owned by India’s Tata Motors (TTM) — employs about 40,000 workers in the UK who produce over 500,000 vehicles a year. The company is cutting the jobs at a factory in Birmingham that manufactures the Jaguar F-Pace along with the Land Rover Discovery and various Range Rover models. It said that a sharp decline in British…

Volkswagen names new CEO in sudden shift

Volkswagen has replaced its chief executive in a sudden management overhaul aimed at making a clean break from its diesel scandal and preparing the automaker for major industry changes. The company announced Thursday that CEO Matthias Mueller was stepping down and will be replaced by Volkswagen brand chief Herbert Diess. Volkswagen (VLKAY) is the biggest auto manufacturer in the world by sales, delivering a record 10.7 million cars in 2017. Mueller, who has been in the top job for less than three years, took over the role as public outrage…

Overlooked No More: Bessie B. Stringfield, the ‘Motorcycle Queen of Miami’

Since 1851, obituaries in The New York Times have been dominated by white men. With Overlooked, we’re adding the stories of remarkable women. Somewhere between myth, memory and motorcycles, Bessie B. Stringfield was great. In the 1950s, when women were relegated to housework, either in marriage or as domestics, Stringfield was married several times and worked as a maid yet revved and roared through Florida’s palm-tree-lined streets on her Harley-Davidson, earning the unofficial title of “Motorcycle Queen of Miami.” Her legend was big enough to warrant a posthumous induction into…

Strong Economy, Discounts Boost Automakers U.S. March Sales

While G.M. said its average transaction price was up $900 in the first quarter, the company’s consumer discounts as a percentage of transaction prices hit 14.5 percent in March. The No. 1 U.S. automaker said earlier on Tuesday it would stop reporting monthly U.S. vehicle sales, saying the 30-day snapshot does not accurately reflect the market and will instead issue quarterly sales. [L1N1RC0K8] Other automakers have not yet said whether they will follow suit. Industry analysts consider discounts of over 10 percent to be unhealthy as they undermine resale values…

GM to Drop Monthly U.S. Vehicle Sale Reports

On a conference call with reporters, Jack Hollis, Toyota Motor Corp’s North American head of sales and marketing said there is “no change planned on our side.” Analysts and investors rely on monthly U.S. vehicle sales to track the performance of individual automakers, and also use the data as a barometer of the health of the world’s second-largest auto market and an indicator of consumer confidence in the U.S. economy overall. GM and its Detroit rivals Ford Motor Co and Fiat Chrysler Automobiles NV have relied heavily on sales of…

The Self-Driving Car Industry’s Biggest Turning Point Yet

As my colleague Neal Boudette noted, Waymo’s announcement showed that the company has “an audacious vision that goes far beyond even the most optimistic plans of its rivals.” Waymo says that by 2020 — that is, two years from now — its fleet of self-driving Jaguars will be doing as many as a million trips per day. Self-driving car companies are notorious for overhyping their progress. But the Waymo announcement, complete with specific timetables, cost projections and firm indicators of fleet size, is a really, really big deal. As Alexis…