by Michael Strong | Apr 28, 2020
Ford Motor Co. reported a first quarter net loss of $2 billion as the automaker – like many others – grappled with the impact of global coronavirus pandemic, noting it had a negative impact of “at least” $2 billion during the period. The company’s...
by Michael Strong | Apr 28, 2020
As automakers scramble to try to find ways to stem expected losses due to the impact of the coronavirus pandemic, Nissan officials revealed the company is likely to post its first full-year operating loss in more than a decade. The automaker, which is in the midst of...
by Paul A. Eisenstein | Apr 28, 2020
(This story has been updated to show Honda is now set to open its U.S. plants on May 11.) Yet again, Detroit’s Big Three automakers are planning to push back their launch of production as the country slowly begins to emerge from the lockdown created by the coronavirus...
by Joseph Szczesny | Apr 28, 2020
Smart cities, in theory, can be an ecosystem of technologies that use data and analytics to manage assets and resources more efficiently with user-specific applications that could enhance public safety. Some advancements in this sector are already playing a huge role...
by Michael Strong | Apr 27, 2020
General Motors’ earnings dropped in 2019 and so did those of Chairman and CEO Mary Barra, who saw her total compensation fall 1.1% to $21.6 million. The total value of Barra’s package was revealed in a filing with the Securities and Exchange Commission Monday, ahead...
by Michael Strong | Apr 27, 2020
The difficulty automakers face in trying to determine when it will be best to restart its U.S. plants may not be any easier to see than in Tesla Inc.’s recent decisions surrounding the restart of its facilities. The California-based EV maker apparently just changed...
by Paul A. Eisenstein | Apr 27, 2020
Even as it prepares to restart its U.S. assembly lines, General Motors is taking a series of urgent steps to reduce the impact of the coronavirus pandemic on its balance sheet, among other things halting its dividend while also suspending its stock buyback program. It...
by Michael Strong | Apr 24, 2020
The decline in new vehicle sales due to the coronavirus pandemic isn’t just a problem for automakers’ bottom lines. The full stop on sales is taking its toll on the used car market as well, causing prices to fall precipitously. When the country enters tough economic...
by Joseph Szczesny | Apr 24, 2020
From its very earliest days, one of the elemental forces shaping the auto industry was the desire to go fast and down through the years speed on four wheels has been delivered in all kinds of packages. The 2020 Mini John Cooper Works Mini Clubman ALL4 is one of the...
by Michael Strong | Apr 23, 2020
After initially extending subsidies for purchasing electric and other zero-emission vehicles to stimulate auto sales, China’s government plans to cut those incentives by 10%. China is the world’s largest market for EVs and the government has mandated the sales of...
by Paul A. Eisenstein | Apr 23, 2020
The Pebble Beach Concours d’Elegance, the most widely respected and eagerly anticipated annual event in the collector car world has cancelled its 2020 outing due to the coronavirus pandemic. Event organizers previously told TheDetroitBureau.com that they were waiting...
by Paul A. Eisenstein | Apr 22, 2020
New car sales were down by about 48% last week as the coronavirus pandemic continued to take its toll – but that actually was the good news, according to J.D. Power analysts whose earlier forecasts predicted U.S. demand was likely to tumble by as much as 80% for all...
