Federal transportation regulators announced a proposal Friday to boost fuel economy standards to an average of 58 miles per gallon for cars and light-duty trucks by 2032, a step likely to further advance the push toward electrification. Authorities said the proposal from the National High Traffic Safety Administration, which is part of the U.S. Department… Continue reading Feds want cars to get 58 mpg by 2032
Author: Detroit Free Press Online
Ford recalls 870K F-150 pickups in US because parking brake can turn on unexpectedly
Ford is recalling more than 870,000 newer F-150 pickup trucks in the U.S. because the electric parking brakes can turn on unexpectedly. The recall covers certain pickups from the 2021 through 2023 model years with single exhaust systems. Ford’s F-Series pickups are the top-selling vehicles in the U.S. The company says in documents posted by government… Continue reading Ford recalls 870K F-150 pickups in US because parking brake can turn on unexpectedly
Ford beats second quarter expectations with $1.9B net income despite EV costs, losses
Ford Motor Co. beat Wall Street expectations with its second quarter earnings report released Thursday, increasing revenue 12% to $45 billion from the same period in 2022; a net income of $1.9 billion, and adjusted earnings before interest and taxes (EBIT) of $3.8 billion. The company touted its success with commercial customers through its Ford… Continue reading Ford beats second quarter expectations with $1.9B net income despite EV costs, losses
Felony charges against Ford exec dismissed after prosecution unable to produce witnesses
Ford executive Franck Louis-Victor appeared in a Bloomfield Township courtroom for a hearing Thursday on two felony charges related to a July 8 domestic incident but the case was dismissed when the prosecution was unable to produce any witnesses. Allison Krueger, an Oakland County assistant prosecutor, told 48th District Court Judge Kimberly Small that county… Continue reading Felony charges against Ford exec dismissed after prosecution unable to produce witnesses
Wage increases might prove to be easy win for UAW in automaker contract talks
UAW workers are poised to get a wage increase and not face a concessionary contract in what is proving to be a historic negotiation between the union and General Motors, Stellantis and Ford Motor, according to sources familiar with the talks. GM is expected to offer a wage increase for its 50,000 hourly workers in… Continue reading Wage increases might prove to be easy win for UAW in automaker contract talks
Wall Street hits hold on GM stock amid concerns about EV roll out, UAW talks
Wall Street was not impressed with General Motors even though the automaker posted big gains in second quarter profits, making it one of GM’s strongest quarterly earnings results, and explained that its slow ramp up of electric vehicle production is the fault of an automation equipment supplier. Tuesday morning, GM’s stock price opened at $37.73… Continue reading Wall Street hits hold on GM stock amid concerns about EV roll out, UAW talks
Freighter carrying nearly 3,000 cars catches fire in the North Sea, killing crew member
THE HAGUE, Netherlands — A fire on a freight ship carrying nearly 3,000 cars was burning out of control Wednesday in the North Sea, killing one crew member and injuring others, the Dutch coast guard said. The agency said it was working to save the vessel from sinking close to an important habitat for migratory… Continue reading Freighter carrying nearly 3,000 cars catches fire in the North Sea, killing crew member
Congress urged to help get more self-driving vehicles on US roads
Advocates for auto companies and consumer technology firms on Wednesday urged a congressional subcommittee to adopt legislation to advance the development of self-driving cars, saying the U.S. will fall behind competitors, especially China, if the federal government doesn’t take steps in support of fully autonomous vehicles. John Bozzella, president and CEO of the Alliance for… Continue reading Congress urged to help get more self-driving vehicles on US roads
Stellantis CEO Tavares says he wants to protect profit-sharing checks during UAW talks
Those healthy profit-sharing checks that UAW-represented Stellantis workers received earlier this year loomed large as CEO Carlos Tavares was asked Wednesday about contract talks between the union and automaker. Tavares, addressing reporters and then analysts in separate calls following the release of the company’s latest earnings report where it notched an impressive $12 billion in… Continue reading Stellantis CEO Tavares says he wants to protect profit-sharing checks during UAW talks
GM, BMW, Honda, Hyundai, Kia, Mercedes and Stellantis to build EV charging network
Seven major automakers say they’re joining forces to build a North American electric vehicle charging network that would rival Tesla’s and nearly double the number of fast-charging plugs in the U.S. and Canada. General Motors, BMW, Honda, Hyundai, Kia, Mercedes and Stellantis said Wednesday that they will share in a multibillion-dollar investment to build “high… Continue reading GM, BMW, Honda, Hyundai, Kia, Mercedes and Stellantis to build EV charging network