by Joseph Szczesny | Jul 13, 2020
General Motors is scaling back production of midsized pickup trucks as concerns that COVID-19 continue to cast a long shadow over the industry’s production plans. GM confirmed that it is temporarily dropping the third shift, employing 1,250 workers, at its truck...
by Michael Strong | Jul 10, 2020
Every high-priced automaker that’s any high-priced automaker has a luxury ute in its line-up. Aston Martin just joined that group as its long-awaited DBX rolled off the assembly line in Wales. Luxury and sport car makers have been adding SUVs to their portfolios for...
by Paul A. Eisenstein | Jul 10, 2020
Cadillac is on a journey of reinvention, albeit one that has lasted for nearly two decades. We’ve seen the automaker struggle to find the precise design formula, the right powertrain line-up, the right model mix and, of late, even the right product nomenclature. It’s...
by Paul A. Eisenstein | Jul 10, 2020
Ford Motor Co. senior management has rejected calls by some of the carmaker’s employees to abandon the police vehicle market in the face of the systemic brutality that has triggered more than a month of unrest across America. One letter circulated by Ford employees...
by Michael Strong | Jul 10, 2020
The faith of investors in electric vehicles keeps on growing with Rivian being the latest to secure a bundle of cash: $2.5 billion led by T. Rowe Price. Rivian’s influx of new funds comes just a day after Fisker Inc. revealed it received $50 million in new funding to...
by Joseph Szczesny | Jul 10, 2020
Daimler AG CEO Ola Källenius used the company’s virtual annual meeting this week to show off new technology being used in the next generation S-Class sedan, predicting it will set new standards for luxury vehicles. Källenius said 48-volt battery will be standard and...
by Paul A. Eisenstein | Jul 9, 2020
EV startup Fisker Inc. is discussing a possible sale that would mark the first step in a plan to take the company public. TheDetroitBureau.com was able to confirm several key details of a story first reported Wednesday afternoon by Reuters news service, though the...
by Michael Strong | Jul 9, 2020
Clearly the pandemic has changed the world as we know it and in the auto industry some executives have noted the changes are likely to have long-term ramifications, especially when it comes to sales — and now there’s hard evidence to support that notion. A new report...
by Michael Strong | Jul 9, 2020
(This story has been updated with new information about Chinese auto sales.) Ford’s efforts to reverse its long struggle to sell vehicles in China may have started to take root, as the automaker saw its second-quarter sales rise 3% in the world’s largest automotive...
by Paul A. Eisenstein | Jul 9, 2020
The California-based EV startup Fisker Inc. locked down $50 million in hedge fund money this week, an investment the company says should help it take its Ocean SUV from concept to production by 2022. Located in suburban Los Angeles, the company is the second effort by...
by Joseph Szczesny | Jul 9, 2020
General Motors’ lawsuit claiming rival Fiat Chrysler had corrupted officials of the United Auto Workers union in a bid to gain a competitive advantage, has been dismissed by a federal judge in Detroit. GM filed the high-profile lawsuit last November, but Judge Paul...
by Paul A. Eisenstein | Jul 9, 2020
Automakers are spending tens of billions of dollars in their drive to bring autonomous vehicle technology to fruition and if claims made by CEO Elon Musk are on target, Tesla could be on the verge of delivering the world’s first fully driverless vehicle by the end of...
