The thought of a parent spending any significant amount of money on a vehicle for their teen offspring leaves a bad taste in this writer’s mouth, but some families march to the beat of a different, more affluent drum. Yours truly believes a free hand-me-down wreck should be the absolute limit of parental generosity, and that’s only on the condition that they pay for all upkeep.

But loans from the Bank of Mom and Dad are definitely a thing, which gives them considerable say over what vehicle actually enters their kid’s life. With this in mind, the Insurance Institute for Highway Safety and Consumer Reports joined forces to craft a list of decently reliable, safe rides for parents on a budget.

Would your spawn be happy with any of these top choices? Read More >

Cadillac debuts its electric Lyriq crossover on August 6th, just a few short… well, at least a year or more before it goes into production as either a 2022 or 2023 model.

Hoping to generate Bronco-worthy levels of buzz that won’t materialize, the automaker released a couple of teasers of the upcoming vehicle, revealing a feature that causes this Canadian to tug his collar in an aggressive manner. Read More >

“Awful” can mean a lot of things, some of them pretty benign. A car can simply a boring appliance, and to some, this makes said car awful. Others might disagree.

Other vehicles might boast many positive attributes, only to have reliability issues render them awful in the minds of many. Yet an awful car can still be a thing of beauty, in the purely physical sense. Name one. Read More >

Fiat Chrysler Automobiles revealed a second-quarter loss of $1.24 billion on Friday, down slightly from the $1.8 billion net loss posted for Q1.

As before, the pandemic weighed heavily on the automaker’s finances, though this spring’s two-month shutdown of domestic manufacturing and the revenue drop arising from the virus didn’t spell red ink for its all-important North American region. Read More >

Ford Motor Company made many investors happy on Thursday, reporting a less-than-feared loss in the second-quarter of 2020.

Despite the company’s chief financial officer predicting a Q2 loss of $5 billion or more three months ago, the automaker’s actual earnings before interest and taxes was only in the red $1.9 billion — a minor miracle given the stormy backdrop. Read More >

Already in the midst of a comprehensive restructuring plan with partners Nissan and Mitsubishi, Renault announced a staggering 7.29 billion euro ($8.6 billion) loss on Thursday. That tally encapsulates the first half of the year and marks a new record for the brand, even if it’s not the kind one normally celebrates.

“Although the situation is unprecedented, it is not final. Together with all of the Group’s management teams and employees, we are fully dedicated to correcting the situation through a strict discipline that will go beyond reducing our fixed costs,” new CEO Luca de Meo said in response to the dismal financial report. “Preparing for the future also means building our development strategy, and we are actively working on this. I have every confidence in the Group’s ability to recover.” Read More >

With the historic Pikes Peak International Hill Climb delayed — but miraculously uncancelled — this year, Acura has decided to showboat its updated TLX sedan. While the Type S everyone wants to see take a whack at the course will sit out the competition to serve as the event’s pace car, two gently modified sedans from the 2021 model year will be on hand to dazzle prospective customers.

They may even perk up a few disenfranchised Acura enthusiasts who’ve strayed from the brand.

The prototype TLX Type S comes with the much discussed 3.0-liter turbocharged V6 (355 horsepower and 354 lb-ft of torque) while the more pedestrian racers come with modified 2.0-liter inline-four engine. Those units would have made 272 hp and 280 lb-ft of torque unmolested, but Acura has assured us they aren’t factory spec anymore — giving them an air of mystery, albeit slight.

Read More >

Look up the Jeep Cherokee on the brand’s consumer website and you’ll see a lot of trims, but there’s also one you won’t see: Overland. Topping the Cherokee trim ladder, Overland is a well-appointed but under-advertised ride, meaning it’s one you don’t see much of plying local streets or sitting patiently outside the grocery store.

And for 2021, you won’t see it at all. Read More >

Cox Automotive eliminated around 1,600 jobs this month as it prepared to better embrace online commerce (and nobody having any money). The company axed nearly 300 employees in June after having furloughed over 12,000 people in response to the coronavirus pandemic this spring. A large number of those positions were related to its Manheim auction arm, which suffered the hardest due to stringent lockdown protocols that prohibited public gatherings.

Now it’s talking about improving some of the digital features it added to Autotrader this year and embracing the virtual landscape to future-proof itself while forecasting a 25-percent cut in annual profits, and letting people go — with the majority of the layoffs coming to furloughed Manheim employees. Read More >

Lincoln’s compact MKC transformed into the Lincoln Corsair for 2020, bringing style borrowed from its big brother Aviator to buyers of lesser means… or wants.

Tagging along a year late, a plug-in hybrid variant will join the Corsair trim ladder for 2021, but a new report suggests it won’t be in plentiful supply. Read More >

It’s true that the once-hot minivan segment was shrinking rapidly even before the pandemic hit. Since then, things have only gotten worse for a vehicle type once seen as the go-to conveyance for growing families.

How bad is it? Our own Tim Cain recently traded in his Honda Odyssey for a shiny new Ridgeline pickup. We were aghast.

Well, this turn of events hasn’t stopped Honda from putting what it feels is its best minivan forward. For 2021, the Odyssey returns with a fresh(ened) face and new content. But can it budge the sales needle when it goes on sale next month? Read More >

That shiny new Lada you’ve always wanted might one day come with an unexpected bit of equipment: an ignition interlock set free by non-boozy breath.

That’s what Russia’s industry ministry would like to see installed in cars before they even leave the factory, but reaching this goal —  like trying to put on a pair of tight-fitting shoes after polishing off a 26er of Stolichnaya —  will likely prove a challenge. Read More >

In the cinematic classic National Lampoon’s Loaded Weapon 1, screen legend Kathy Ireland’s character is asked, under intense police questioning, whether she knows the traitorous General Mortars.

“Well, I drive a Buick,” she responds.

See? This proves the name General Motors confuses people. All the more reason to throw out that dusty moniker and write a new script. Read More >

While negotiating the terms of its bankruptcy with creditors, Hertz has been informed that it can sell 200,000 would-be rental vehicles to help cover its debts.

According to a filing with the U.S. Securities and Exchange Commission (approved Friday in the U.S. Bankruptcy Court in Wilmington, DE), Hertz will be allowed to “dispose of at least 182,521 lease vehicles” between now and the end of 2020. Proceeds will then be used to pay off $650 million it owes lenders, with most funds going toward principal payments on financed vehicles.

With the pandemic knocking out manufacturing for months, this is likely welcome news for buyers eyeballing the secondhand market. Dealer lots are light on fresh product at present and times are getting tougher for consumers, making used vehicles all the more appetizing. Even though former rentals have a tenancy to be abused, they typically to go for a bit less than something living a more carefree existence —  and Hertz will be desperate to offload them quickly.

Read More >

Carlos Tavares, CEO of Groupe PSA, believes the secret to mainstreaming electric vehicles may have something to do with the industry being able to sell them at a profit. The French automaker’s boss has expressed concerns about a segment that’s almost entirely propped up by taxpayers — sounds likes someone might have taken a business course before running a multinational automaker!

It’s not that EVs are bad; they’re just too novel to be a bargain. Tavares believes the high development costs associated with newer technologies have effectively made electric cars money-losers without financial assistance from the government. He thinks their ultimate success (or failure) hinges upon finding a way to make them profitable without being perpetually subsidized by the government while reducing the amount of raw materials required for battery manufacture. As a bonus, he hinted that automakers might have juicer R&D budgets if they prioritized spending — hopefully accelerating the process of making EVs a little easier on everyone’s bank account.

“Affordability will be the challenge for the next five years in terms of costs,” Tavares told the Financial Times this week. “Those breakthroughs need to come from real estate, distribution costs, sourcing all the components of cost structure will have to be combined to bring this affordability.” Read More >