by Joseph Szczesny | Mar 26, 2020
Standard & Poor’s cut Ford Motor Co.’s credit and unsecured debt ratings to junk territory, trimming the company’s rating to BB+ from BBB-, while Moody’s, another major credit-rating service, placed the credit rating of General Motors Co. and Fiat Chrysler...
by Michael Strong | Mar 25, 2020
Ford is recalling more than 250,000 Fiestas, Fusions, Milans and MKZs as well as E-Series vans as part of three separate actions covering potentially faulty door hardware, wire harnesses and brake pedals. The automaker is recalling selected 2014-15 Ford Fiesta,...
by TDB Staff | Mar 25, 2020
Affiliate Disclosure x The Detroit Bureau and its partners may be compensated if you purchase the recommended services. This allows us to provide in-depth research at no cost to you. Manufacturing notable vehicles such as the Tiguan crossover and the...
by Paul A. Eisenstein | Mar 25, 2020
One of the first automakers to launch a long-range battery-electric vehicle, the I-Pace, Jaguar Land Rover has plenty of additional BEVs coming – a new report suggesting a second Jaguar SUV, as well as one from the Land Rover side, are now in the works. JLR officials...
by TDB Staff | Mar 25, 2020
Affiliate Disclosure x The Detroit Bureau and its partners may be compensated if you purchase the recommended services. This allows us to provide in-depth research at no cost to you. Please note that The Detroit Bureau and its partners may be compensated...
by Michael Strong | Mar 25, 2020
This story has been updated with additional information. The quick decline of new vehicle sales in March has unexpected silver lining for two of the Detroit Three automakers: a jump in market share for the first quarter. Edmunds.com analysts believe that March auto...
by Paul A. Eisenstein | Mar 25, 2020
During the last several years, we’ve seen a variety of interesting and sometimes quirky, all-electric concept vehicles from Volkswagen, such as the battery-powered dune buggy that debuted at the New York International Auto Show last year. More than a few, like that...
by Joseph Szczesny | Mar 25, 2020
In a sign of the financial stress facing automakers, General Motors Co. disclosed it plans to draw $16 billion from its revolving credit lines, taking what it described as austerity measures. GM Chairman and CEO Mary Barra described the $16-billion drawdown as a...
by Michael Strong | Mar 24, 2020
Automakers are dealing with the impact of the coronavirus pandemic on multiple fronts, including the increasing decline in sales. However, they’ve moved quickly, offering improved financing offers for potential buyers and now we’re seeing some maker’s offering...
by Paul A. Eisenstein | Mar 24, 2020
Ford Motor Co. on Tuesday cautioned it is “reassessing” when to reopen its North American manufacturing network, and is “not planning” to meet its original goal of having production resume by March 30. But any decision to extend the current shutdown could run up...
by Paul A. Eisenstein | Mar 24, 2020
Detroit’s two largest automakers, General Motors and Ford, are tooling up production for medical devices critically needed in the fight against the coronavirus pandemic, notably ventilators and respirators. At the same time, Fiat Chrysler is ramping up production of...
by Michael Strong | Mar 24, 2020
There’s plenty of coronavirus-related gloom and doom floating around the auto industry right now, most of it merited. However, as increasing numbers of people are sheltering in place to stamp out the virus, Audi’s offering everyone a bit of brightness during a dark...
