Bavaria-based BMW says it aims to cut roughly 6,000 positions from its lineup on account of coronavirus complications. Times are tough and the manufacturer needs to tighten its belt, just like many of its peers.

The alley-oop that precedes the slam dunking of these jobs into the wastebasket will be tempting retirement packages for those of a certain age. But BMW also said it is interested in offering younger people financial assistance for full-time higher education with a guarantee of a job when they’re done — offering some amount of hope.  (Read More…)

There’s a big to-do coming up in Tesla’s social calendar. Dubbed “Battery Day,” the occasion seems to have something to do with…well, you can probably read.

Battery Day, on which Tesla will presumably storm the beaches of electrification technology, is slated for September 15th — the same day as a postponed shareholder meeting. (Read More…)

If the last few months have taught us anything, it’s that you can keep people isolated in their homes without any negative consequences whatsoever.

Sure, we’ve seen articles from scientific journals like The Lancet warning that similar experiments run on a much smaller scale resulted in psychological stress and disorder, including low mood, insomnia, stress, anxiety, anger, general irritability, emotional exhaustion, paranoia, drug abuse, depression and post-traumatic stress symptoms, but where’s the evidence of that happening this time?

Don’t answer that.

Employers the world over are already seeing the benefits of remote work and have begun to consider how to make it a long-term proposition. In addition to protecting companies against any new COVID-19 outbreaks, stay-at-home orders mean paying for less office space and utilities. Automakers are starting to think this is a pretty sweet deal — especially with productivity not having taken much of a hit — and are now considering whether to extend at-home employment indefinitely.  (Read More…)

Rare Rides recently featured this car’s successor — the lovely Zagato-built Flaminia coupe from 1965. Today we’ll jump a decade prior and take a look at Lancia’s flagship offering from the Fifties.

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Nikola, the electric vehicle startup with no functional or sellable product to back up its insane valuation, just got a reality check from JPMorgan. The Wall Street firm has warned investors of a pullback of the company’s sky-high share price — an action that pretty much guarantees that exact outcome.

After catapulting into the stratosphere two weeks ago, Nikola’s stock stands to sink by nearly a third, the bank warns. That result would no doubt be gratifying for those annoyed by overvalued companies who promise investors the sun, moon, and stars.

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Mitsubishi watched as its U.S. and Canadian volumes rose steadily over the past several years — growth hampered by a limited product lineup and so-so vehicle quality. Still, it was growth, and Mitsu made sure to celebrate each year-over-year sales increase.

Well, that was then, and this is now. As a member of an alliance dominated by Renault and Nissan and hit hard, like many others, by the coronavirus pandemic, the future holds a different strategy for the Japanese automaker. For the U.S., it also seems to hold fewer Mitsubishis. (Read More…)

Don’t you love it when an automaker comes out with a survey? Served up with a huge grain of salt, such surveys are only published when they reinforce a conclusion the OEM already wishes to make, and always in the service of marketing.

There’s a Ford F-150 coming on June 25th, and it seems the Blue Oval now wants to talk to you about sex and booze. (Read More…)

For better than three decades, Chevrolet sold Americans full-sized sedans with angular lines and — in most cases— V8 engines. Beginning in 1959 (or even earlier, depending on how strict you are about the definition of “angular”), a big rear-drive Chevy box sedan was the most mainstream American motor vehicle… and that came to an end in 1990, after which the Caprice got a new cetacean body on the old 1977-vintage chassis.

These late Box Caprices have become very tough to find in junkyards, so I decided to document this picked-over example in Colorado before they’re all gone forever. (Read More…)

At this point, if Ford wants to keep the upcoming Bronco and Bronco Sport under wraps until their respective unveilings, it had best invest in surplus anti-aircraft batteries — or just never leave the confines of company-owned production facilities. Even those walls have proven a porous barrier, however.

As the weekend dawned, drone-provided aerial spy photos appeared of the two dissimilar Broncos congregating with a Chevrolet Colorado ZR2 out in the desert, far — at least, one would assume — from prying eyes. (Read More…)

Insisting earlier in the week that its scheduled debut date for the new Bronco was simply a coincidence, Ford has nonetheless found itself forced to push back the model’s reveal even further.

The automaker unintentionally made waves after its planned July 9th reveal of the reborn off-roader (already deferred by the pandemic and resulting trade show cancellations) coincided with the birthday of O.J. Simpson — a man forever linked to the vehicle following his low-speed 1994 cruise into infamy.

Everyone noticed, including the sister of Nicole Brown Simpson, whose 1994 murder — along with that of friend Ron Goldman — sparked the trial of the century. (Read More…)

Money might never sleep, but Wall Street never seems to learn.

We all remember those stories from a few years ago about Tesla being overvalued by investors. Hell, a quick Google shows me there are opinion pieces on that topic from just a few months ago.

Now comes Nikola.

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The edict came down from our corporate parent last week: Juneteenth is now an official company-wide holiday.

That means we’ll be off on Friday, June 19th.

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The Securities and Exchange Commission has urged the recently bankrupted Hertz to halt the sale of stock. The rental agency had hoped to raise half a billion on the sale but repeatedly warned that would-be buyers were gambling, as the stock may soon be worthless.

Bizarrely, this hasn’t discouraged investors from glomming onto shares of bankrupt and near-bankrupt companies. Despite the global economy supposedly hurdling into a recession and mass unemployment, Wall Street hasn’t signaled that anything is amiss.

Still, the SEC has grown concerned with the trend and decided to address them with Hertz, according to a recent filing. Trading of Hertz Global Holdings Inc. was halted on Thursday, placing investors in a holding pattern as everyone speculates whether the bankrupt car renter will have to revise its plan to raise cash by selling new shares.  (Read More…)

Even before the pandemic and subsequent economic crash, much talk was being made about living in your car. Specifically, the vehicle of choice would be a spacious yet efficient van. It continues to this day in many corners of the Internet.

Ford apparently took this discourse to heart, reportedly adding a new feature to the upcoming 2021 F-150 pickup that makes home ownership unnecessary. (Read More…)

On Wednesday, ride-hailing company Lyft announced every vehicle using its platform will be electric by 2030. Since its fleet is comprised primarily of contractors using private vehicles, one might assume the company is planning to offer some financial assistance upon their next purchase. But being sensible rarely means being correct in the postmodern era.

Rather than encouraging its own drivers to make the switch, Lyft plans to work with NGOs, lawmakers, and pressure its industry rivals to make electrification mainstream. Obviously, this will include financial incentives for organizations willing to make the switch to EVs in exchange for a fat wad of cash. That’s what you’re now supposed to focus on. Ignore that Lyft’s announcement literally offers no personal commitment and passes every scrap of responsibility it pretends to be taking on to the government.

Lyft is trying to play the hero, and thinking about it too hard is going to muck everything up.  (Read More…)