Ford Motor Co. posted profits of $1.8 billion in the first quarter of 2023, up from the $3.1 billion loss it reported a year ago. Revenue rose 20% year-over-year to $41.5 billion on a 9% increase in vehicle shipments over the same period last year. And adjusted operating profits were up 45% to $3.4 billion.… Continue reading Ford posts strong revenue and higher profit margins, exceeding Wall Street expectations
Category: US Motoring Press
BYD will accelerate bottom-up EV trend with under-$11,000 model
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading BYD will accelerate bottom-up EV trend with under-$11,000 model
The Platform begins work on $38.2 million Piquette Flats project in Detroit
Detroit-based developer the Platform said Tuesday that work has begun on its $38.2 million project to redevelop the former Studebaker building in Detroit into a 161-unit affordable housing apartment complex. Called the Piquette Flats, the 108,000-square-foot historic industrial building at 411 Piquette will house 71 studios, 87 one-bedrooms and three two-bedroom loft-style apartments. The development in… Continue reading The Platform begins work on $38.2 million Piquette Flats project in Detroit
Ford cuts Mustang Mach-E prices across lineup, reopens order banks
Ford Motor Co. on Wednesday will reopen order banks for the Mustang Mach-E — again lowering prices on the battery-electric crossover amid signals that an EV price war is brewing. The Dearborn automaker is reducing pricing across the Mach-E lineup by as much as $4,000, bringing the lowest-priced model, the select rear-wheel-drive standard range, down… Continue reading Ford cuts Mustang Mach-E prices across lineup, reopens order banks
GM head of North America to retire, head of Cadillac to lead region
General Motors Co. announced four executive leadership changes Tuesday with the retirement of Steve Carlisle, executive vice president and president, North America, who will be replaced by Cadillac leader Rory Harvey. Carlisle, 61, is retiring after 41 years with the Detroit automaker. He’s led GM North American operations since September 2020. Before leading North America, Carlisle… Continue reading GM head of North America to retire, head of Cadillac to lead region
Industry digest: It’s never too late to change in automotive
It’s never too late to change. Change in business is a given. How we respond to it defines our career pathway and personal fulfilment. Some of us are happy with the status quo at work and are uncomfortable with change; others are constantly restless and thrive on uncertainty. As our industry evolves from the century-old… Continue reading Industry digest: It’s never too late to change in automotive
Rolls-Royce Dawn production ends ahead of Spectre EV launch
The final Rolls-Royce Dawn has left the marque’s Goodwood factory, ending the convertible’s seven-year production run. As previously reported by Autocar, order books for the 563bhp V12-powered drop-top and its coupé sibling, the Wraith, closed in March 2022. The two models will be indirectly replaced by the new Rolls-Royce Spectre, leaving the Ghost, Phantom and… Continue reading Rolls-Royce Dawn production ends ahead of Spectre EV launch
Alpine will take on Pikes Peak with 493bhp A110
Alpine will take on the famous Pikes Peak hillclimb for the first time with this hardcore, aero-optimised A110, which has been “designed to break records”. The most extreme iteration of the Alpine A110 to date, the 950kg Pikes Peak edition has been designed to cope with the fluctuations and demands presented by the 19.93km Colorado… Continue reading Alpine will take on Pikes Peak with 493bhp A110
Uber Annual Lost and Found Index: Delhi pips Mumbai as most forgetful city
Uber today released the 2023 edition of its Lost and Found Index, a snapshot of the most frequently forgotten items, the most forgetful cities, as well as the days of the week and times of the year when Uber riders tend to be most forgetful. Delhi bagged the title of the most forgetful city in the country,… Continue reading Uber Annual Lost and Found Index: Delhi pips Mumbai as most forgetful city
Upcoming Honda midsize SUV to make global debut in India on June 6
Honda India is all set to take the wraps off its made-for-India midsize SUV (code: 3US) on June 6, 2023, at a global reveal in New Delhi. This grounds-up new SUV could be called the Honda Elevate and will go on sale later this year, first in India and then other markets. New Honda SUV: what… Continue reading Upcoming Honda midsize SUV to make global debut in India on June 6