by Michael Strong | Apr 1, 2020
For those thinking that the Federal Reserve’s move to essentially cut the interest rate to zero last month would be a boon to those in the new vehicle market due to anticipated rise in low-interest and zero-percent loans, March was a disappointing month. The average...
by Paul A. Eisenstein | Mar 31, 2020
The White House on Tuesday formalized plans to roll back fuel economy standards set during the Obama administration, a move expected to substantially lower the mileage the typical new vehicle will deliver by 2025. What the administration is calling the “Safer...
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 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 TDB Staff | Mar 26, 2020
Please note that The Detroit Bureau and its partners may be compensated if you purchase the recommended services. CARCHEX and CarShield are two of the most popular extended warranty companies in the industry. A Baltimore, Maryland based provider, CARCHEX has been...
by Paul A. Eisenstein | Mar 25, 2020
During the last several years, we’ve seen a variety of interesting and sometimes quirky, all-electric concept vehicles from Volkswagen, such as the battery-powered dune buggy that debuted at the New York International Auto Show last year. More than a few, like that...
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
Please note that The Detroit Bureau and its partners may be compensated if you purchase the recommended services. Vehicles manufactured in the past decade are capable of being driven for many more miles than vehicles manufactured 20 or 30 years ago. Many models run...
