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Wednesday, 05 May 2021 19:30

2021 SEMA Show Registration Now Open

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Registration for the 2021 SEMA Show, scheduled for Nov. 2-5 at the Las Vegas Convention Center in Las Vegas, NV, is now open at www.semashow.com/register.

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Hertz Global Holdings, Inc. on May 5 announced it has considered a revised proposal made by affiliates of Knighthead Capital Management LLC, Certares Opportunities LLC and Apollo Capital Management, LP (KHC Group) to provide equity capital required to fund Hertz's exit from Chapter 11.

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Ford’s April retail sales totaled nearly 198,000 vehicles, up 57.1% compared to 2020 results, but also up 23.7% on April 2019 results.

Wednesday, 05 May 2021 17:57

GM Reports $3B Net Income in 1Q

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General Motors Co. on May 5 reported first-quarter earnings driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial and the industry recovery in China.

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The auto industry is transforming itself toward a future in which the automobile increasingly will be connected using V2X and 5G. Driver assistance will improve, and ultimately cars will be guided by AI and machine learning.

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Overall U.S. Length of Rental (LOR) for Q1 2021 remained stable compared to Q1 2020, with an increase of only 0.1 days, Enterprise recently reported.