Ford CEO Jim Farley climbed out of a Lincoln Navigator at 6:31 a.m. Monday and headed into the Ford Experience Center in Dearborn, where hundreds of industry analysts and reporters were gathering for his much-anticipated speech designed to inspire investors. Ford executives provided highlights of what to expect from the 120-year-old automaker, ranging from where… Continue reading CEO Jim Farley tells industry analysts the automaker has ‘been stuck in a box’
Category: US Motoring Press
GM invests $270K in Flint nonprofits, including STEM programs
General Motors said Monday it is providing grants to 157 nonprofit organizations in the communities surrounding its U.S. factories. The grants will total $3 million. As part of it, GM is earmarking $270,000 to go to eight nonprofits in Flint, where GM has Flint Assembly and Flint Engine plants. GM makes its heavy-duty pickups at… Continue reading GM invests $270K in Flint nonprofits, including STEM programs
GM looks to Indiana for next battery plant: Here’s what locals are offering GM to say yes
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 GM looks to Indiana for next battery plant: Here’s what locals are offering GM to say yes
GM to offer an all-electric Cadillac Escalade to be called Escalade IQ
General Motors is bringing to market an all-electric Cadillac Escalade set to be called the Escalade IQ. The vehicle is one of three new EVs Cadillac plans to reveal later this year. They will join the Lyriq SUV, now in production at Spring Hill Assembly in Tennessee, and the upcoming Celestiq, an ultraluxury sedan that… Continue reading GM to offer an all-electric Cadillac Escalade to be called Escalade IQ
Ford’s relationship quality with auto suppliers has sunk, study shows
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’s relationship quality with auto suppliers has sunk, study shows
Ford’s EV push has its skeptics. After Monday’s investor day, Jim Cramer is still not one of them
Ford ‘s (F) new partnerships with top lithium producers give us more confidence that the automaker can accelerate electric vehicle production and reach its global target of 2 million EVs per year by 2026. We’re also encouraged by Ford’s financial roadmap for getting there, which was discussed at Monday’s investor event. Ahead of its Capital… Continue reading Ford’s EV push has its skeptics. After Monday’s investor day, Jim Cramer is still not one of them
Apple caught on a downgrade based on supply-chain projections. Here’s our take
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks mixed Stocks were mixed Monday morning ahead of negotiations between President Joe Biden and House Speaker Kevin McCarthy over raising the debt ceiling . The U.S. government is… Continue reading Apple caught on a downgrade based on supply-chain projections. Here’s our take
Ford lays out its plans to ramp EVs and boost profits in key capital markets day
Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DEARBORN, Mich. – Ford Motor made its case to Wall Street at an investor event Monday, sharing details of its plan to profitably build millions of EVs while growing its traditional operations. Ford CEO Jim Farley kicked off the… Continue reading Ford lays out its plans to ramp EVs and boost profits in key capital markets day
GM will introduce an all-electric Cadillac Escalade ‘IQ’ later this year
GM’s first all-electric Cadillac Escalade will be called the “Escalade IQ,” which continues Cadillac’s EV naming strategy that so far includes the Lyriq crossover and upcoming Celestiq ultra-luxury sedan. GM DETROIT – General Motors on Monday confirmed plans to introduce an all-electric version of its flagship Cadillac Escalade later this year. The Detroit automaker said… Continue reading GM will introduce an all-electric Cadillac Escalade ‘IQ’ later this year
Ford announces key EV minerals deals ahead of crucial capital markets day
A Ford F-150 Lightning Platinum electric truck during the 2022 New York International Auto Show (NYIAS) in New York, U.S., on Thursday, April 14, 2022. The NYIAS returns after being cancelled for two years due to the Covid-19 pandemic. Michael Nagle | Bloomberg | Getty Images Ford Motor on Monday announced a series of new… Continue reading Ford announces key EV minerals deals ahead of crucial capital markets day