NADA Automotive News End-of-Day Recap
Washington DC November 26, 2018: The NADA online report said:
General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce in the face of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.
FULL STORY FROM REUTERS
Carlos Ghosn has hired U.S.-based law firm Paul, Weiss, Rifkind, Wharton & Garrison to defend himself against allegations of financial misconduct in Japan, a person familiar with the matter said. Mr. Ghosn, who leads French auto giant Renault SA as chairman and chief executive, and who formerly served as Nissan Motor Co. chairman, has been detained in a Tokyo detention facility since Monday.
FULL STORY FROM The Wall Street Journal
Now is the time to take advantage of stocks tied to used car sales over new vehicles as consumers opt for value buys and the industry faces a "tremendous amount of pressure," automotive analyst Jamie Albertine told CNBC.
FULL STORY FROM CNBC
America's passion for SUVs and pickups will be the driving force at the Los Angeles Auto Show, but there are some serious treats in store for car lovers at the show, which kicks off with press conferences and vehicle unveilings this week and is open to the public Nov. 30-Dec. 9.
FULL ARTICLE: Detroit Free Press