by Michael Strong | Sep 2, 2020
The up-and-down relationship between General Motors and the Trump administration was on an up stroke Wednesday as Ivanka Trump met with CEO Mary Barra to tour part of the automaker’s technical center just outside Detroit. Trump, an adviser to the president, toured the...
by Michael Strong | Sep 2, 2020
Ford Motor Co. plans to eliminate 1,400 jobs in North America, confirming earlier reports that more than 1,000 white collar jobs will be cut. “The program is part of our underway and ongoing process to increase Ford’s global fitness and effectiveness, which includes...
by Paul A. Eisenstein | Sep 2, 2020
Ford Motor Co plans to announce as early as today 1,000 job cuts in the North American market. The reduction is part of an ongoing, $11 billion restructuring, several Ford insiders told TheDetroitBureau.com, and not a response to the coronavirus pandemic – though that...
by Michael Strong | Sep 1, 2020
The day after Tesla completed its 5-for-1 stock split, the EV maker revealed it plans to sell as much as $5 billion of the newly divided shares to help offset future debt needs. The California-based EV maker saw its stock take off this year like a SpaceX rocket,...
by Paul A. Eisenstein | Aug 31, 2020
In a year in which everything seems to be going wrong it probably comes as no surprise that consumers are increasingly frustrated with the auto industry, a new study finding customer satisfaction has fallen to its lowest level since 1999. Only a handful of brands...
by Michael Strong | Aug 31, 2020
The Trump administration’s efforts to reverse fuel efficiency mandates put in place by his predecessor took another hit courtesy of a court ruling that invalidated the suspension of financial penalties against automakers. The U.S. Court of Appeals for the Second...
by Michael Strong | Aug 28, 2020
(This story has been updated with new information.) It used to be news when a new electric car was being created, now the electric van market is hot and Bollinger Motors is the latest EV maker with a product for the segment, unveiling its new Deliver-E all-electric...
by Paul A. Eisenstein | Aug 28, 2020
The FBI arrested a 27-year-old Russian for allegedly offering a Tesla employee $1 million to help him launch a malware attack on the automaker. The thwarted plan appears to have been a ransomware attack aimed at hacking into, and then taking control of, Tesla’s...
by Paul A. Eisenstein | Aug 27, 2020
Donald Trump likes to say that trade wars are “easy to win,” but you’d have a hard time convincing anyone in the American auto industry, especially when it comes to the ongoing trade dispute between the U.S. and China. Three years in, there’s been no resolution but...
by Joseph Szczesny | Aug 27, 2020
After a lengthy probe, federal authorities charged former United Auto Workers President Dennis Williams with conspiring with other UAW officials to embezzle UAW funds. More than a dozen top former UAW leaders have been implicated during the multiyear investigation....
by Michael Strong | Aug 26, 2020
As the end of August approaches, it means different things to different people, such as back to school, football season and Labor Day weekend. The Labor Day weekend is a signal for a variety of sales, including the auto industry when they often fire up the “good deal”...
by Joseph Szczesny | Aug 26, 2020
Analysts are predicting sales of new vehicles are continuing to improve in August, though they remain stuck below the level recorded before the COVID-19 pandemic sent the economy into a lockdown. ALG Inc., a subsidiary of TrueCar Inc. and the industry benchmark for...
