by Michael Strong | Feb 13, 2020
Tesla officials have maintained for some time that they have no plans to raise any new funds, including through a new stock sale. So naturally, the company is now issuing $2 billion in new shares. The EV maker’s stock price has increased dramatically – by triple – in...
by Joseph Szczesny | Feb 13, 2020
Last month, Nissan predicted its third-quarter earnings report would be bad, and the official filing reveals they were correct, and that future results are unlikely to improve much without making some dramatic moves. For the first nine months of the fiscal year,...
by Paul A. Eisenstein | Feb 13, 2020
For decades, the automotive industry lived by the adage, “safety doesn’t sell.” How times have changed. Today, picking a safe vehicle – especially one with the latest high-tech hardware onboard – has become the new mantra for most buyers. And the Insurance Institute...
by Joseph Szczesny | Feb 13, 2020
Fiat Chrysler Automobiles N.V. is apparently taking another step away from the passenger car market. The Italian-American automaker, like its Detroit-based rivals General Motors and Ford, has taken steps to move away from passenger cars to focus on more profitable...
by TDB Staff | Feb 12, 2020
Affiliate Disclosure x Please note that The Detroit Bureau and its partners may be compensated if you purchase the recommended services. Are the proud owner of a Toyota? You are a plurality! According to Motoring Research, the Japanese manufacturer had...
by Michael Strong | Feb 12, 2020
Almost as quickly as General Motors’ former Lordstown, Ohio plant was saved by the automaker selling it to a new owner, it may be in jeopardy once again courtesy of the Trump administration. Ironically, it was President Donald Trump who pounded his fist, demanding GM...
by Paul A. Eisenstein | Feb 12, 2020
The Carlos Ghosn affair continues to feed lawyers on at least three continents, Nissan on Wednesday filing yet another lawsuit demanding $91 million from the company’s former boss stemming from his alleged financial misconduct. Ghosn himself has fired off a flurry of...
by Michael Strong | Feb 12, 2020
American Honda is recalling more than 240,000 of its late-model Odyssey minivans due to a wiring harness problem that could lead to a fire in the vehicle. The automaker is recalling about 241,000 model-year 2018-2020 Honda Odyssey EX-L, Touring and Elite minivans in...
by Joseph Szczesny | Feb 12, 2020
Detroit’s urban distress has captured the attention of both homegrown artists and creatives from other parts of the world attracted multiple narratives of strife, decay and regeneration. Now the City of Detroit at Fiat Chrysler Automobiles N.V. hope to use FCA’s new,...
by Paul A. Eisenstein | Feb 12, 2020
Korean upstart Genesis has scored another surprise, this time landing in the number one spot on the annual J.D. Power Vehicle Dependability Study the first year for which it was eligible. In another surprise, the Nissan Leaf brushed aside traditional reliability kings...
by Michael Strong | Feb 11, 2020
Hyundai Motor’s efforts to accelerate and expand its electric vehicle development progressed Tuesday through its new partnership with California-based specialty EV maker Canoo. The plan calls for Hyundai – and sister maker Kia – to use Canoo’s newly developed...
by Michael Strong | Feb 11, 2020
Despite its Mercedes-Benz luxury car unit setting a new sales record in 2019, Daimler AG reported a 64% drop in full-year profits to 2.7 billion euros, or $2.9 billion, from 7.6 billion euros, or $7.8 billion, in 2018. Much of the nearly 5 billion-euro decline can be...
