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
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. CARCHEX and CarShield are two of the most popular extended warranty...
by Paul A. Eisenstein | Mar 26, 2020
This story has been updated to reflect Fiat Chrysler Automobiles’ announcement on its plant closings. Toyota will resume production at “all of its automobile and components plants in North America, including Canada, Mexico and the U.S.” on April 20, the...
by Paul A. Eisenstein | Mar 26, 2020
Just days after saying it would miss an earlier March 30 deadline, Ford Motor Co. now says it is “aiming” to reopen some of its “key” North American plants as early as April 6. Ford, along with virtually all automotive manufacturers, began shutting down its...
by Joseph Szczesny | Mar 26, 2020
Standard & Poor’s cut Ford Motor Co.’s credit and unsecured debt ratings to junk territory, trimming the company’s rating to BB+ from BBB-, while Moody’s, another major credit-rating service, placed the credit rating of General Motors Co. and Fiat Chrysler...
by Michael Strong | Mar 25, 2020
Ford is recalling more than 250,000 Fiestas, Fusions, Milans and MKZs as well as E-Series vans as part of three separate actions covering potentially faulty door hardware, wire harnesses and brake pedals. The automaker is recalling selected 2014-15 Ford Fiesta,...
by Paul A. Eisenstein | Mar 25, 2020
One of the first automakers to launch a long-range battery-electric vehicle, the I-Pace, Jaguar Land Rover has plenty of additional BEVs coming – a new report suggesting a second Jaguar SUV, as well as one from the Land Rover side, are now in the works. JLR officials...
by Michael Strong | Mar 25, 2020
This story has been updated with additional information. The quick decline of new vehicle sales in March has unexpected silver lining for two of the Detroit Three automakers: a jump in market share for the first quarter. Edmunds.com analysts believe that March auto...
by Joseph Szczesny | Mar 25, 2020
In a sign of the financial stress facing automakers, General Motors Co. disclosed it plans to draw $16 billion from its revolving credit lines, taking what it described as austerity measures. GM Chairman and CEO Mary Barra described the $16-billion drawdown as a...
by Michael Strong | Mar 24, 2020
Automakers are dealing with the impact of the coronavirus pandemic on multiple fronts, including the increasing decline in sales. However, they’ve moved quickly, offering improved financing offers for potential buyers and now we’re seeing some maker’s offering...
by TDB Staff | Mar 24, 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. Every year, millions of dollars are spent on extended warranties. Before...
by Joseph Szczesny | Mar 24, 2020
With Congress debating a trillion-dollar stimulus package to help the U.S. economy weather the COVID-19 outbreak, analysts are warning the ongoing economic slowdown is now certain to sink the auto industry. ALG, a subsidiary of the car-buying service TrueCar, updated...
