by Michael Strong | May 15, 2020
Former UAW President Gary Jones pleaded not guilty to federal charges of embezzling more than $1 million from the union and failing to pay taxes on the money in U.S. District Court in Detroit. Jones, who resigned last year, is expected to plead guilty in June after...
by TDB Staff | May 15, 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. Nissan generally performs well across car reliability surveys. However,...
by Paul A. Eisenstein | May 15, 2020
Reversing course, Mexican government officials now say the country’s auto plants could open before the end of the month, as long as manufacturers have put adequate safety measures in place. The government has released a series of contradictory announcements in recent...
by Joseph Szczesny | May 15, 2020
Mazda Motor Corp reported its fiscal year 2020 net income slid 81% to 12 billion yen, or $111.9 million – an eight-year low – and due to the coronavirus pandemic the Japanese automaker has a large build-up in its U.S. vehicle inventory that has undercut efforts to...
by TDB Staff | May 14, 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. Should you get an extended warranty to pay for repair bills? Or should you put...
by Joseph Szczesny | May 14, 2020
The fallout from pandemic created by COVID-19 will weigh heavily on Ford Motor Co.’s results for the second quarter but the company is moving forward with plans that will put the company on much stronger footing in the future, Ford executives told stockholders during...
by Paul A. Eisenstein | May 14, 2020
(c) 2020 TheDetroitBureau.com Uber now will require drivers and delivery workers, as well as passengers, to wear masks, one in a series of steps the ride-sharing service is taking to both minimize the spread of the coronavirus and to win back customers who may be...
by Joseph Szczesny | May 14, 2020
A new report from the Fitch Group, the financial analysis and debt-rating service, says that manufacturers are moving away from China as a source for critical components but the size and scope the Chinese sales market exerts is an almost irresistible allure to car...
by Joseph Szczesny | May 14, 2020
Toyota Motor Corp. ended its 2020 fiscal year, which ended March 31 with 10% increase despite a small dip in global sales, but officials warned annual profit for 2021 would drop by 80%. Toyota’s consolidated vehicle sales were 8.9 million units, down 18,000 from the...
by Paul A. Eisenstein | May 14, 2020
Two months after much of the United States began entering lockdown there are clear signs of recovery by the U.S. auto industry – though the American market still could end 2020 down nearly 25% from last year’s levels. Automakers hoping for a rebound have been flooding...
by Paul A. Eisenstein | May 13, 2020
Volkswagen has big plans for the eighth-generation Golf GTI coming to U.S. showrooms next year, but while the sporty hatchback is expected to retain strong demand, the automaker now plans to end sales of the conventional Golf line, officials revealed Wednesday. Going...
by Michael Strong | May 13, 2020
Nissan’s been struggling with sliding sales, bloated costs and management issues for much of the past three years; however, officials are preparing to reveal their restructuring plans to revive the company May 28, starting with a move to cut $2.8 billion in fixed...
