For the first time in its 120-year history, Ford Motor Co. reported quarterly earnings Tuesday by its three key business units instead of by regions, such as North America, in an attempt to show investors how the company is preparing for more aggressive competition as the industry moves into all-electric vehicles. Ford CEO Jim Farley… Continue reading Ford shows profits in first quarter, reveals EV losses
Author: Detroit Free Press Online
Ford shows profits in first quarter, reveals EV losses
For the first time in its 120-year history, Ford Motor Co. reported quarterly earnings Tuesday by its three key business units instead of by regions, such as North America, in an attempt to show investors how the company is preparing for more aggressive competition as the industry moves into all-electric vehicles. Ford CEO Jim Farley… Continue reading Ford shows profits in first quarter, reveals EV losses
Apple co-founder Steve Wozniak has harsh words about Tesla on CNN broadcast
Apple co-founder Steve Wozniak gave the “CNN This Morning” crew an unexpected laugh Tuesday when he offered some off-hand commentary on Tesla’s Autopilot struggles during an interview focused on recent news about artificial intelligence. Wozniak, asked by co-host Kaitlan Collins if he ever talks to Tesla CEO Elon Musk, said he’d never met Musk but… Continue reading Apple co-founder Steve Wozniak has harsh words about Tesla on CNN broadcast
GM names Rory Harvey new president of North America, announces other executive changes
The man who runs General Motors’ most profitable region — North America — will retire and be replaced by the head of Cadillac. GM announced Tuesday that Steve Carlisle, 61, will retire after 41 years with the company. Carlisle will be replaced by Rory Harvey, 55, who is vice president of Global Cadillac effective June… Continue reading GM names Rory Harvey new president of North America, announces other executive changes
Ford to cut price on Mustang Mach-E SUV again — as Tesla Model Y gets pricier
Ford Motor Co. announced Tuesday its plan to cut prices (again) on the Mustang Mach-E SUV just as rival Tesla increased prices while the companies fight for market share in the rapidly growing electric vehicle market. The news from Dearborn came on the eve of the automaker’s reopening Mach-E order banks after a massive factory… Continue reading Ford to cut price on Mustang Mach-E SUV again — as Tesla Model Y gets pricier
GM terminates hundreds of contract workers at tech center, other locations to cut costs
General Motors terminated “several hundred” contract employees who worked at its Global Technical Center in Warren as well as other locations this weekend in its bid to shave $2 billion from its budget by the end of next year. The cuts come nearly a month after 5,000 salaried employees agreed to a voluntary separation package… Continue reading GM terminates hundreds of contract workers at tech center, other locations to cut costs
Ford is spending 3 hours quality checking every early production Super Duty pickup
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Exclusive investigative reporting that fights for the truth, exposes corruption and gives voice to the voiceless all across Michigan. Comprehensive coverage of Michigan’s auto industry, including in-depth analysis of Ford, GM, and Stellantis’… Continue reading Ford is spending 3 hours quality checking every early production Super Duty pickup
Michigan EV Scholars program gives college students $10,000 scholarships: What’s required
As the Motor City changes, so do opportunities for college students in Michigan interested in scholarship money to pursue the transition to electric vehicles from internal combustion engines. In recent days, a dozen students from Michigan State University’s College of Engineering have been named in the first round of Michigander EV Scholars program to receive… Continue reading Michigan EV Scholars program gives college students $10,000 scholarships: What’s required
Ram ‘Stadion’ electric pickup takes top prize in Stellantis Drive for Design contest
A 12th grader from Northville won the grand prize in Stellantis’ annual Drive for Design contest with his vision for a Ram Stadion, representing a “new segment of pickup trucks.” It’s not the first win for Rocco Morales. He also took first place in 2022 and second place in 2021, according to a news release.… Continue reading Ram ‘Stadion’ electric pickup takes top prize in Stellantis Drive for Design contest
Transition to EVs shakes up Jaguar, Land Rover luxury brands. What I think will happen
Say goodbye to the Land Rover brand, and get ready for a smaller, much more expensive model line from Jaguar. Those are the top-line takeaways from Jaguar Land Rover’s new strategy, as first reported by Automotive News. The storied Land Rover brand name will reportedly be relegated to a “trust mark” badge on tailgates —… Continue reading Transition to EVs shakes up Jaguar, Land Rover luxury brands. What I think will happen