by Paul A. Eisenstein | Mar 31, 2020
Ford Motor Co. has again indefinitely delayed the start-up of its North American manufacturing network due to the worsening coronavirus pandemic. The one exception will be for production of the ventilators needed to assist some of the most seriously ill victims of...
by Joseph Szczesny | Mar 31, 2020
Fiat Chrysler Automobiles N.V has followed the lead of General Motors Co. and Ford Motor Co. slashing senior executive salaries and trimming the pay of salaried employees worldwide. FCA said salaried employees around will take temporary 20% pay cuts as the automaker...
by Paul A. Eisenstein | Mar 30, 2020
With tens of millions of Americans sheltering in place, a growing glut of fuel has translated into a rapid plunge in gas prices, pumps across the country now dipping below an average $2 a gallon, according to tracking service GasBuddy.com. How much further the figures...
by Paul A. Eisenstein | Mar 30, 2020
At a time when social distancing is expected to drag on for some time and much of the global industry is currently shut down, it’s easy to question just how far back things are likely to slip when everything gets back to a level of reasonable normality. That said, we...
by Joseph Szczesny | Mar 30, 2020
The extension of the rules for social distancing and the shutdown on non-essential businesses through April is certain to intensify the strain on automakers, reducing their cash flow sharply as sales of new vehicles continue to fall precipitously. President Donald...
by Paul A. Eisenstein | Mar 28, 2020
This story has been updated with additional information. The 2020 North American International Auto Show, which was supposed to take place in June for the first time has, instead, been canceled due to the worsening coronavirus crisis. Detroit has been one of the...
by Paul A. Eisenstein | Mar 27, 2020
A long-simmering battle could come to a boil next week when the Trump Administration is expected to formally announce a rollback of the Corporate Average Fuel Economy, or CAFE, standards. President Donald Trump has long advocated reducing the guidelines established...
by Paul A. Eisenstein | Mar 27, 2020
The Sunset Auto Family in Sumner, Washington, has long been that state’s biggest Chevrolet dealer, with a staff of 270 on the sales floor, service shop and back end operations. But owner Bill Mitchell this week had to lay off 200 of those employees as his sales...
by Joseph Szczesny | Mar 27, 2020
General Motors Co. is following Ford Motor Co.’s lead, temporarily cutting the pay of high-ranking executives and salaried employees as part of the company effort to conserve cash during the sharp economic downturn created by the spread of deadly COVID-19 virus. Auto...
by Michael Strong | Mar 26, 2020
Automakers have been touting their efforts to develop a viable electric vehicle, and among the Detroit-based makers, General Motors seems to be ahead of the curve with its already-on-the-road Chevy Bolt. GM, Ford and to a lesser extent, Fiat Chrysler, have all put...
by TDB Staff | Mar 26, 2020
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