by Paul A. Eisenstein | Apr 20, 2020
Days after revealing it plans to go to the debt markets to add more cash to its reserves, Ford Motor Co. raised $8 billion by rolling out a three-part issue of new securities. There were concerns about what it would cost the automaker to raise money this way after...
by Joseph Szczesny | Apr 20, 2020
The enormous economic fallout from the COVID-19 pandemic has sent the global economy into a freefall, prompting financial regulators in Great Britain to take a look at a new strategy to help cash-strapped consumers — a moratorium on car payments. Britain’s financial...
by Michael Strong | Apr 17, 2020
Just days after saying it had “options” to bolster its cash reserves, Ford Motor Co. is going to tap the debt markets, but declined to say how much money it would be seeking. “We have a broad range of options” for obtaining additional financing if needed, a company...
by Paul A. Eisenstein | Apr 17, 2020
Hit hard and hit early by the global coronavirus pandemic, Europe is now hoping to start getting its economy back in running order – with the auto industry leading the charge. Hyundai was first out of the box, relaunching operations at a Czech plant on Tuesday. A...
by Michael Strong | Apr 16, 2020
A little more than two months after being appointed Ford Motor Co.’s Chief Operating Officer, Jim Farley is further putting his stamp on the automaker with a reorganization of the company’s top executives and responsibilities. Ford CEO Jim Hackett has been looking to...
by Paul A. Eisenstein | Apr 16, 2020
It’s been more than a month since the last Atlas sport-utility vehicle rolled out of the Volkswagen assembly plant in Chattanooga, Tennessee, but the automaker hopes to have the line begin moving again sometime during the week of April 27th, part of a “phased restart...
by Paul A. Eisenstein | Apr 16, 2020
With its factories in many key markets shuttered and sales largely dried up, Volkswagen said Thursday it is abandoning its original sales and earnings outlooks for 2020 – with no clear alternative in sight. The German automaker is just the latest to admit that it’s...
by Paul A. Eisenstein | Apr 15, 2020
U.S. new car sales are now running at an even lower rate than were seen during the depths of the Great Recession – though there is a small silver lining, as the downturn this month isn’t quite as bad as many analysts had been forecasting. With automakers and dealers...
by Paul A. Eisenstein | Apr 15, 2020
For those living in the little town of Pleasant Ridge, Michigan, the silver lining of the state’s pandemic shelter-in-place order was a sharp drop in traffic along both I-696 and eight-lane Woodward Ave., traditionally busy thoroughfares that slice through the city....
by TDB Staff | Apr 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. As part of America’s Best Warranty, Hyundai’s...
by TDB Staff | Apr 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. Kia vehicles are known to go for miles and miles. As time goes on, you...
by Joseph Szczesny | Apr 15, 2020
General Motors has filed a patent application for a system that continuously updates a vehicle’s on-board maps and navigation guidance. GM said its patent application covers, “A system for updating a distributed navigation map for a motor vehicle includes one or more...
