Rory Carroll, publisher of Auto Week, and Todd Lassa, Detroit Bureau Chief for Automobile Magazine, discuss Mercedes's decision to pull out of the 2019 Detroit Auto Show.
Lassa explains the future of the car show has been in doubt for a couple of years now, with more and more automakers moving toward tech events like CES.
Carroll says to not read too much into this, as Mercedes isn't the first brand to drop out of the Detriot Auto Show. Many car companies are not attending because it can be very expensive.
As inflation-weary consumers cut back on dining out, brands like McDonald’s are relying more heavily on celebrity and influencer endorsements to move the needle
Plus, Starbucks reported its first quarter of declining sales and earnings since the pandemic, Biden tries to tackle the national debt and Warren Buffett is set to host the annual meeting of his investment firm Berkshire Hathaway.