General Motors CFO Paul Jacobson feels so good about the automaker that he did something even CEO Mary Barra has rarely done: Buy GM stock. Jacobson spent about $1.01 million of his own money to buy 31,000 shares at $32.60 a share in a transaction dated May 19, according to a filing with the Securities… Continue reading GM CFO makes big stock buy, analysts call it an ‘unusual’ move done to signal Wall Street
Category: US Motoring Press
Ford reverses plan, vows to keep AM radio for its electric, non-electric vehicles
Ford CEO Jim Farley announced Tuesday morning that the automaker is reversing its previous plan to remove AM radio from vehicles, both electric and gasoline-operated, in 2024. Farley, in a post on his LinkedIn professional page and a tweet on Twitter, said: “After speaking with policy leaders about the importance of AM broadcast radio as… Continue reading Ford reverses plan, vows to keep AM radio for its electric, non-electric vehicles
Vehicle cybersecurity gets boost from Defense Department
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 Vehicle cybersecurity gets boost from Defense Department
Congress votes to rescind Biden administration emissions rules for heavy-duty trucks
Washington — The U.S. House voted 221-203 Tuesday, mostly along party lines, to overturn an Environmental Protection Agency rule to reduce smog- and soot-forming emissions from heavy trucks. The measure cleared the U.S. Senate in April with the support of Republicans and centrist Democratic Sen. Joe Manchin of West Virginia. The White House has said… Continue reading Congress votes to rescind Biden administration emissions rules for heavy-duty trucks
Good morning, USA: How Vietnamese startup automaker VinFast came to America
Encinitas, California — The electric age has brought a flood of startups to the auto industry not seen for a century. Buoyed by the success of Tesla and the promise of government subsidies, small American companies like Rivian, Lucid, Lordstown, Fisker and others are vying to be the next big thing. VinFast is a different… Continue reading Good morning, USA: How Vietnamese startup automaker VinFast came to America
Ford reverses course, will keep AM radio on future models
Detroit — Owners of new Ford vehicles will be able to tune in to AM radio in their cars, trucks and SUVs after all. Ford Motor Co. CEO Jim Farley wrote in social media postings Tuesday that the company is reversing a decision to scrub the band after speaking with government policy leaders who are… Continue reading Ford reverses course, will keep AM radio on future models
Fiat previews car interiors inspired by iconic Lingotto factory
François said: “At Fiat, we think that the Lingotto and the track are such a landmark that they deserve to become design markers. “Their characteristics have inspired Fiat designers to trace the lines of the future Fiat models, from the incredible roof track to the ramp, a revolution in the 1920s, which is like a manifesto of our traditional… Continue reading Fiat previews car interiors inspired by iconic Lingotto factory
Chargeplace Scotland to be brought under private ownership
Chargeplace Scotland, the country’s national EV charging provider, is set to be broken up and fall into private ownership as the demand for EVs makes it “unsustainable” for it to continue operating as a publicly funded agency. The Scottish government-backed firm could be disbanded as early as this summer, owing to increased demand and a more pressing… Continue reading Chargeplace Scotland to be brought under private ownership
Why Jaguar Land Rover faces a manufacturing dilemma in China
Two figures stood out starkly from JLR’s most recent results presentation: the average price of vehicles it exported to China last year (£101,000) versus the average price of cars made there with its joint-venture partner (£36,000). Companies often build cheaper models locally to remove some of the costs associated with importing. However, the price gulf between the two… Continue reading Why Jaguar Land Rover faces a manufacturing dilemma in China
Aston Martin DB11 successor unveiled tomorrow
Aston Martin will unveil its next-generation grand tourer – an overhauled version of the DB11 that was previously spotted testing on road and track – tomorrow. It will bring a technological overhaul, with teaser images released by the British firm confirming that the ageing Mercedes-Benz infotainment system from the DB11 has been replaced. Company chairman Lawrence… Continue reading Aston Martin DB11 successor unveiled tomorrow