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
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 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
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
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...
