by Michael Strong | May 8, 2020
No part of the U.S. transportation industry is immune to the coronavirus as ride-hailing services Uber and Lyft posted substantive losses for the first quarter while also taking measure to try to stem the tide including pay cuts and layoffs. Uber cut 14% of its...
by Joseph Szczesny | May 8, 2020
Nissan has decided to delay the restart of the bulk of its manufacturing operations in the United States, while the company’s top executives in Japan continue to revise the company’s strategy. “We’ve extended downtime at our manufacturing facilities for further...
by Michael Strong | May 7, 2020
If it’s spring, it’s time for some open-air driving and fortunately for all of us, Lamborghini has us all covered – or uncovered, as it were – with its new Huracán EVO Spyder. The legendary Italian sports car maker virtually debuted its latest soft top, touting its...
by Joseph Szczesny | May 7, 2020
Fiat Chrysler Automobiles is partnering with No Kid Hungry to support schools, food banks and community groups across the country to serve 640,000 meals during the crisis created by the pandemic. In response to the coronavirus crisis, FCA announced a commitment to...
by Paul A. Eisenstein | May 7, 2020
Devastated by the coronavirus pandemic, the travel industry is struggling to survive – and that is likely to make things more difficult for the auto industry. With airports and hotels all but empty, only those with essential needs still traveling, rental car companies...
by Paul A. Eisenstein | May 7, 2020
Chinese car sales appear to be coming back strong as the Asian giant’s coronavirus crisis fades away, demand rising by as much as 0.9% year-over-year, the China Association of Automobile Manufacturers, or CAAM, said in a preliminary report. That would mark a massive...
by Joseph Szczesny | May 7, 2020
Intel Corp. acquired Moovit for approximately $900 million to boost the tech company’s position as a complete mobility service provider when teamed with Mobileye, Intel’s advanced driver assistance system and autonomous technology unit. Moovit is an Israeli...
by Paul A. Eisenstein | May 6, 2020
With parts of the U.S. starting to reopen from pandemic lockdown, U.S. auto sales continue rebounding faster than many had expected – though the surge in demand could come at a hefty price, automakers offering up record incentives to lure buyers back. April saw U.S....
by Joseph Szczesny | May 6, 2020
Even with low gasoline price, General Motors Co. will continue to concentrate on the development of electric vehicles as it ramps up operations in the wake of the pandemic lockdown. “We understand the seriousness of the business actions we have taken,” GM Chairman...
by Joseph Szczesny | May 6, 2020
German luxury vehicle maker BMW revised its guidance for the 2020 financial year downward because of the pandemic, which has stalled the global economy. “The Board of Management of BMW AG noted the measures to contain the coronavirus pandemic are lasting longer in...
by TDB Staff | May 6, 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. Auto repairs can be expensive, especially when it comes to critical parts,...
by Paul A. Eisenstein | May 6, 2020
With new vehicle sales last month dipping below levels seen during the Great Recession, and manufacturers posting mounting losses, there appears to be growing interest on Capitol Hill to come up with some sort of assistance program for the auto industry. A bipartisan...
