Jack Nerad

Tesla Motors Inc (NASDAQ: TSLA)'s Model X SUV will be officially launched on Tuesday. The Model X was initially planned to be released in 2013. Kelley Blue Book analysts offered mixed reviews ahead of the launch. After years of anticipation, Tesla Motors will officially launch its...

There have been a lot of potentially market-moving developments in the auto industry lately. Here’s a rundown of three particular developments have captured the attention of auto investors. China The Chinese stock market has been all over the place lately, and there have been mixed reports...

Shares of Tesla Motors Inc (NASDAQ: TSLA) were up on Monday after CEO Elon Musk (@elonmusk) tweeted on Sunday about a press conference that will take place on Thursday morning. With this event, the company intends to "end range anxiety...via OTA software update." Benzinga contacted...

TIME Magazine recently previewed its cover for its October 6 issue, featuring General Motors Company (NYSE: GM) CEO Mary Barra with the headline: “The Mechanic: CEO Mary Barra’s plan to fix General Motors.” At 10:30 a.m. ET, GM will host a conference call with CEO Mary Barra...

Earlier this week, General Motors Company (NYSE: GM) announced that Cadillac, its luxury car brand, is breaking off into a separate business unit and moving its headquarters to New York. It’s part of Cadillac President Johan de Nysschen’s plan to rebrand the company. He hopes that...

The summer driving season may be winding down, but summer season car sales continue to remain hot, with 2014 projected to remain strong overall. Kelley Blue Book said that sales for the first half of 2014 reached 8.15 million, up 4.2 percent from last year. New car sales are expected to...

There is much speculation in the auto sector this week, just days after a German magazine reported talks were underway for a possible merger between Fiat (OTC: FIATY) and Volkswagen (OTC: VLKAY) -–  a move that, if consummated, would create the world's largest automotive company...

Last night, Tesla (NASDAQ: TSLA) confirmed via Twitter (NYSE: TWTR) a story published in Auto Express saying that its Gen III model will be available in 2017 and only cost around $35,000. That means that Tesla's newest vehicle, the Model 3, will sell for about half as much as the Model S...

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...

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...

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...

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, “...

Ford (NYSE: F) is roaring into 2014 on a trunkload of good news. The automaker beat analysts' expectations with a very strong fourth-quarter earnings report Tuesday. It also announced 2013 to be one of its “best years ever,” with a pre-tax profit of $8.6 billion for last year – an increase of $...

The holidays may be over, but the auto industry is acting like Christmas is on the way – as they prepare to unwrap dozens of new vehicles at the upcoming North American International Auto Show (NAIAS) in Detroit. Last year's NAIAS had 71 vehicle debuts, including 61 worldwide unveilings. After...

Fans of Toyota (NYSE: TM) vehicles were stunned this past October, when Consumer Reportssaid the latest version of its best-selling Camry had failed a relatively new IIHS (Insurance Institute for Highway Safety) crash test – prompting the magazine to give the Camry a “poor” rating. Toyota...