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
The coronavirus pandemic has changed daily life in many dramatic ways. For we auto scribes, it has meant a temporary halt to our near constant, cross-country travel, racing from one new car program to another. The good news is that we’ve been able to keep a relatively...
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...
by Michael Strong | May 6, 2020
Ford is sending out its first shipment of respirators, designed in-house with 3M, to health-care workers in Seattle fighting COVID-19. After pledging to help, Ford partnered with 3M to develop and produce the powered air-purifying respirators, or PAPRs, using only...
by Joseph Szczesny | May 6, 2020
General Motors Co. defied the odds, reporting that the company’s first-quarter net income dropped 86.2%; however, it still turned a $300 million profit despite the impact of the coronavirus pandemic on the company’s operations in China and North America. GM’s...
by TDB Staff | May 5, 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. Many companies offer extended warranties, and they vary widely in terms of...
