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 TDB Staff | Mar 24, 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. Every year, millions of dollars are spent on extended warranties. Before...
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...
by Paul A. Eisenstein | Mar 24, 2020
Polestar, the electric vehicle spin-off of Volvo, announced Tuesday that it had launched production of its second model, the Polestar 2, at a plant in Luqiao, China. The automaker’s news release might not have generated much attention in times past, but in the era of...
by Joseph Szczesny | Mar 24, 2020
With Congress debating a trillion-dollar stimulus package to help the U.S. economy weather the COVID-19 outbreak, analysts are warning the ongoing economic slowdown is now certain to sink the auto industry. ALG, a subsidiary of the car-buying service TrueCar, updated...
by Paul A. Eisenstein | Mar 23, 2020
U.S. car sales are grinding to a halt, demand expected to be off by around 40% for March overall and as much as 60% in April, according to analysts – but despite the pandemic-led slowdown, automakers are continuing to run big-buck advertising campaigns. “Automotive ad...
by Michael Strong | Mar 23, 2020
Even as the coronavirus continues to spread, the Detroit Three automakers are working plans to help fight the outbreak by giving medical professionals more of the tools they need. In an effort reminiscent of the “Arsenal of Democracy,” General Motors and Fiat Chrysler...
by Paul A. Eisenstein | Mar 23, 2020
Anthony Levandowski, once hailed as one of the leaders in the development of autonomous vehicles, could spend as much as 30 months in prison after agreeing to plead guilty on federal charges arising out of the theft of intellectual property. Levandowski, who was the...
by Michael Strong | Mar 23, 2020
Just a day after General Motors began working with a medical device company to determine what it needs to do make ventilators, President Donald Trump gave the automaker, as well as Ford and Tesla permission to start making the devices. Trump revealed he’d given them...
