by Michael Strong | May 28, 2020
When the next Spider-Man movie comes out in 2021 don’t be surprised if Peter Parker uses Smart Park to nestle his Sonata into a spot a la John Krasinski in the automaker’s Super Bowl commercial before meeting Mary Jane Parker somewhere. Sony Pictures Entertainment and...
by Paul A. Eisenstein | May 28, 2020
Nissan reported a $6.2 billion loss for the fiscal year that ended on March 31, its first full-year deficit in 11 years and a signal to analysts that the automaker will face substantial headwinds as it launches its second turnaround plan since it was embroiled in...
by Paul A. Eisenstein | May 27, 2020
After months of decline, shares of the three automakers forming the Renault-Nissan-Mitsubishi Alliance surged sharply on global exchanges Wednesday. Shareholders signaled their satisfaction with plans to save the long-running partnership that had been teetering on...
by Paul A. Eisenstein | May 27, 2020
Among the potential losers from the coronavirus pandemic, mass transportation systems have seen a plunge in ridership, as have ride-sharing services like Uber and Lyft. And recent studies by Capgemini, IBM and others suggest they may continue to lose customers even...
by Joseph Szczesny | May 27, 2020
New vehicle sales are expected to drop by almost a third in May, dragged down by the collapse of fleet sales highlighted by the recent bankruptcy by Hertz. ALG Inc., a subsidiary of TrueCar Inc., expects new vehicle sales will reach 1.008 million units in May 2020,...
by Paul A. Eisenstein | May 26, 2020
(This story has been updated with additional technical details and photos.) In the current automotive market – even before the coronavirus struck – it was becoming ever easier to ignore sedans, coupes and convertibles and focus on SUVs and CUVs. That might be true on...
by Michael Strong | May 26, 2020
McLaren Group, the British maker of super cars and a top Formula One racing team, announced it’s cutting 1,200 jobs across all of its businesses, including the racing team. As has been the case with so many other companies, McLaren’s been hit hard financially due to...
by Paul A. Eisenstein | May 26, 2020
Andy Palmer, the auto industry veteran who launched a broad expansion plan when he joined Aston Martin six years ago, has been forced out, the British automaker replacing him with Tobias Moers, the CEO of Mercedes-AMG. The shake-up comes at a time when Aston is...
by Joseph Szczesny | May 26, 2020
The economic crisis created by the coronavirus pandemic has claimed its first transportation industry casualty, rental car giant Hertz – but the impact is likely to be felt by numerous automakers, as well as U.S. used car buyers. Hertz Global Holdings Inc., the owner...
by Michael Strong | May 22, 2020
The Renault-Nissan-Mitsubishi Alliance has experienced difficulties for the last two years, resulting in the group rethinking its plans for the future, early reports indicating Nissan and Renault are looking at tough times ahead. Nissan may cut as many as 20,000 jobs...
by Paul A. Eisenstein | May 22, 2020
Spring is traditionally the big automotive buying season but with sales sharply down as a result of the coronavirus pandemic, U.S. dealers will be counting more than ever on using the Memorial Day holiday as a way to make up for some of their lost business. And to...
by TDB Staff | May 21, 2020
Affiliate Disclosure x Please note that The Detroit Bureau and its partners may be compensated if you purchase the recommended services. Lincoln, the luxury offshoot of Ford, offers extended coverage for vehicles well past their factory warranty term...
