by Michael Strong | Aug 15, 2019
With auto sales slumping this year, lenders are searching for ways to entice buyers back into showrooms. It worked in July as sales rose slightly for the first time in 2019, but only after lenders cut interest rates for three consecutive months, dropping new vehicle...
by Joseph Szczesny | Aug 15, 2019
The federal investigation into corruption involving officials from the United Auto Workers and Detroit’s automakers has zeroed in on another ex-UAW official. Michael Grimes, who retired from the UAW in 2018, was identified in “information” unsealed in U.S. District...
by Michael Strong | Aug 14, 2019
Ford Motor Co. plans to extend the warranty on clutch and related hardware for 560,000 Focus and Fiesta models. The move comes after reports of problems with the six-speed transmission on 2014–2016 model year versions of the cars in the United States and Canada. The...
by Joseph Szczesny | Aug 14, 2019
Mercedes-Benz Financial Services is preparing to build a new headquarters in suburban Detroit. The new building is a replacement for the current headquarters in Farmington Hills, Michigan, of Mercedes-Benz Financial Services USA and regional headquarters for Daimler...
by Joseph Szczesny | Aug 14, 2019
With more and more customers looking for ways to customize their personal transportation, Ford Motor Co. has stepped up with new options, including an all-new sporty package for the Ford Ranger. The FX2 Package adds off-road style and capability to the two-wheel-drive...
by Paul A. Eisenstein | Aug 14, 2019
Acura’s bid to reinvent itself as a more dynamic and sporty brand gets even more momentum this week with the official debut of the Type S Concept during the annual Pebble Beach Car week. Picking up on a name that was used sparingly, in decades past, for special...
by Joseph Szczesny | Aug 14, 2019
The first steel column in the new paint shop for the new $1.6-billion assembly plant that Fiat Chrysler Automobiles N.V. is building on Detroit’s east side has been put in place and FCA officials are vowing the factory will be ready to build vehicles by the end of...
by Paul A. Eisenstein | Aug 13, 2019
U.S. dealers had nearly 3.8 million unsold vehicles in stock at the beginning of August, a 71-day supply that was the highest for the month in nearly three decades. With U.S. auto sales on the decline for only the second time since the Great Recession, automakers are...
by Paul A. Eisenstein | Aug 13, 2019
One of the shocks that came out of the investigation of Jeffrey Epstein, the pedophile who committed suicide while in jail over the weekend is the extent of his connections to high-ranking politicians and business executives – his tentacles reaching out to Tesla...
by Joseph Szczesny | Aug 13, 2019
It’s a big week for auto enthusiasts and nearly 50,000 fans flocked to Pontiac, Michigan, north of Detroit, during the past weekend to watch drag racing by amateur drivers willing to test their cars in a race down legendary Woodward Avenue. “Roadkill Nights Powered by...
by Joseph Szczesny | Aug 13, 2019
After piling up big losses, Uber is looking to trim costs, raising fears among employees that more layoffs are coming as part of the retrenchment. An Uber spokesman told Bloomberg that the San Francisco-based company has paused hiring new software engineers and...
by Michael Strong | Aug 12, 2019
Just days after reports that Heidi King, acting administrator of the National Highway Traffic Safety Administration, would be leaving the job, she announced Monday she would be stepping down Aug. 31. King was nominated for the top job at the federal safety agency by...
