Kelley Blue Book

Is the self-driving car project just announced by Google (NASDAQ: GOOG) (NASDAQ: GOOGL) a game-changer? On Tuesday, on its blog site, the internet giant unveiled its plans to build around 100 prototype versions of the fully self-driving vehicles. The company says the vehicles, which look a lot...

A changing of the guard at Ford (NYSE: F). On Thursday, the auto-maker announced Alan Mulally will step down as CEO on July 1, about six months earlier than anticipated – and will be replaced in that position by Ford COO Mark Fields. Mulally, a former top executive at Boeing (NYSE: BA), has...

Tesla Motors (NASDAQ: TSLA) announced Tuesday a new business leasing program for small and mid-size businesses. Business owners can take advantage of tax credits by leasing a Model S for only $5,000 down and $408 a month. “Our leasing program is straightforward and transparent, and we've designed...

It's been baptism by fire for Mary Barra. Less than three months into her job as CEO, the longtime General Motors (NYSE: GM) executive found herself enduring two days of testimony on Capitol Hill this week – trying to explain to lawmakers why GM only recently announced the recall of some...

Another apparent set-back for General Motors (NYSE: GM). The automaker on Thursday issued a stop-delivery order to Chevrolet dealers in the U.S. for several models of its popular Chevy Cruze compact sedan. According to a memo obtained by the Automotive News, the order refers to some Cruze...

General Motors (NYSE: GM) on Tuesday announced the appointment of a new global safety executive yesterday. CEO Marry Barra has named Jeff Boyer the vice president of global vehicle safety. In this newly-created position, Boyer will be responsible for the safety development of GM vehicle systems,...

When it rains for General Motors (NYSE: GM), it pours. A review of federal crash data from an automotive watchdog group found that 303 deaths of drivers and front-seat passengers were caused by airbags that did not deploy in recalled GM vehicles. The automaker recalled 1.6 million vehicles last...

General Motors (NYSE: GM) and the National Highway and Traffic Safety Administration are under scrutiny for taking years to address an ignition switch problem that is tied to 13 deaths. Last month, the Detroit automaker recalled 1.6 million vehicles. NHTSA has launched an investigation into how...

General Motors (NYSE: GM) CEO Mary Barra is leading an internal review of whether the company delayed a recall of 1.6 million vehicles. In a letter to employees Tuesday, Barra said she would take an “unvarnished” look at how the process was handled. She said she is leading a group of senior...

Nissan (OTC: NSANY) plans to increase vehicle manufacturing in the United States. The Japanese-based company aims to have 85 percent of all Nissan and Infiniti products that are sold in the U.S. produced in North America by 2015, spokesman Justin Saia told Benzinga. “Nissan continues to see...

Honda Motor Co. (NYSE: HMC) plans to end production of its Insight model, Bloomberg reports. The Japanese automaker told dealers back in November that the current generation of the hybrid would be discontinued this month, according to Bloomberg. Sales for the Insight have lagged behind Toyota...

General Motors (NYSE: GM) is expanding a recall from earlier this month to 1.6 million vehicles, saying the issue is related to 13 deaths. The initial recall of 778,000 vehicles with faulty ignition switches was for 2005-2007 Chevrolet Cobalts and Pontiac G5s, as well as Pontiac Pursuits sold...

So, what's next for Tesla Motors (NASDAQ: TSLA)? Shares of the electric car company have taken a jack-rabbit jump, after better-than-expected fourth quarter earnings were announced on Wednesday. Tesla also announced record sales and deliveries of its landmark Model S sedan. In a company press...

More recall woes for Toyota (NYSE: TM). On Wednesday the automaker announced a voluntary recall of about 700,000 of its popular Prius hybrid vehicles in the U.S., model years 2010 to 2014, due to a software issue. Toyota is also recalling a combined 300,000 of its 2012 RAV4, 2012-2013 Tacoma...

The problem: Automakers including General Motors (NYSE: GM) and Ford (NYSE: F) have too much unsold inventory. According to Jack Nerad, executive editor and market analyst at Kelley Blue Book, when inventories rise, incentives (discounts) are inevitable. In an email to Benzinga, Nerad said, “...