The CEO of Stellantis, maker of Jeep SUVs and Ram pickups, told the company’s shareholders Thursday to expect a major boost in the number of pure battery-electric vehicle models it offers and in the percentage of low-emission vehicles it sells over the next nine years. Carlos Tavares, who leads the company that resulted from the… Continue reading Stellantis CEO commits Jeep, Ram pickup-maker to big EV targets
Author: Detroit Free Press Online
Ford creates top role for ex-presidential candidate Jon Huntsman with $1M salary
The top two executives at Ford Motor Co. decided they wanted to add more muscle to their team to navigate the industry’s dynamic landscape that’s facing new challenges every day, so they created a “vice chair of policy” role for Jon Huntsman Jr. He will get paid a $1 million base salary plus $3 million in stock to advise CEO Jim Farley… Continue reading Ford creates top role for ex-presidential candidate Jon Huntsman with $1M salary
Tesla’s Elon Musk claps back at Jim Farley, Ford with ‘Tommy Boy’ clip on Twitter
Tesla CEO Elon Musk and Ford CEO Jim Farley have just exchanged smackdown tweets over the past 24 hours that thousands of people have characterized as Twitter gold. At issue: Hands-free driving. The competition for dominance is under scrutiny by consumers, industry analysts and shareholders. Billions of dollars are at stake. Tesla has been a technology… Continue reading Tesla’s Elon Musk claps back at Jim Farley, Ford with ‘Tommy Boy’ clip on Twitter
GM’s move to EVs will mean some jobs lost, some new jobs created
As GM transitions to becoming an all-EV automaker, the world, and the UAW, will be watching what happens to jobs currently tied to gasoline vehicles. Go to Source
GM halts weekend full-size pickup production at 2 plants due to parts shortage
For the first time this year, General Motors will halt production of its full-size pickups at two U.S. plants for the weekend. GM said it is canceling overtime shifts this weekend at Flint Assembly and Fort Wayne Assembly in Indiana because of a parts shortage. Also, there will be no summer shutdown this year at the majority of… Continue reading GM halts weekend full-size pickup production at 2 plants due to parts shortage
Mogul Sean ‘Diddy’ Combs blasts GM in an open letter, demands fair pay
Music mogul Sean “Diddy” Combs is the latest Black owner of a media company to take on General Motors. Combs wrote an open letter Thursday challenging GM to do better in terms of economic inclusion. He seeks for GM and other corporations to more fairly distribute their advertising spending to include more Black-owned media companies. Short of that, he… Continue reading Mogul Sean ‘Diddy’ Combs blasts GM in an open letter, demands fair pay
GM’s Factory ZERO will build all-electric Chevrolet Silverado
General Motors will build an electric version of the Silverado at Factory ZERO in Detroit and Hamtramck. The Silverado EV will sit on GM’s Ultium battery platform and will offer customers a GM-estimated range of more than 400 miles on a full charge, the automaker said Tuesday. Both retail and fleet versions will come in a… Continue reading GM’s Factory ZERO will build all-electric Chevrolet Silverado
Hummer EVs to influence GMC’s future buying process
Consumers looking to buy the new GMC Hummer EV pickup or SUV will be doing it online with minimal dealer involvement, directly from General Motors, for at least the next two years. After that, the retail shopping experience will “evolve” as GM rolls out more electric vehicles. The vehicles will make it to GMC dealership showrooms eventually, but… Continue reading Hummer EVs to influence GMC’s future buying process
Ford dealer: Cars are the new version of toilet paper panic
Despite only a slight increase in overall sales so far this year, it’s a new day in paradise, some Ford Motor Co. dealers said Thursday. Business for them has seen a dramatic uptick since the coronavirus pandemic shut down cities and dealerships across America. With safety protocols in place and used car prices up, new car… Continue reading Ford dealer: Cars are the new version of toilet paper panic
GM reports first-quarter sales gain, record prices despite tight inventory
General Motors reported Thursday its first-quarter new car sales inched up 4% in the United States on demand for full-size and midsized pickups and SUVs. GM said it sold 642,250 total new vehicles in the first three months of the year compared with 618,335 sold in the same period a year ago. GM also set a first-quarter record with average transaction… Continue reading GM reports first-quarter sales gain, record prices despite tight inventory