CLOSE Joe Nickowski, 62, of Taylor works at getting a small bump out of a 2020 Chevrolet Impala before it would be sent for final paint on Thursday inside the GM Detroit-Hamtramck Assembly plant. The car was nearing its end of production as the plant is being retooled and fitted for electric vehicles. (Photo: Eric… Continue reading GM’s last Chevrolet Impala just rolled off the Detroit-Hamtramck assembly line
Category: US Motoring Press
GM’s Cruise cleared to carry passengers in self-driving cars in California
Cruise LLC, the autonomous-vehicle unit of General Motors Co., has been cleared to carry passengers in California. The company has been authorized by the California Public Utilities Commission. to transport passengers in test self-driving vehicles on public highways in California. Cruise’s self-driving cars will be required to be operated by a human who has been issued a test vehicle operator permit by the… Continue reading GM’s Cruise cleared to carry passengers in self-driving cars in California
Kia recalls over 193K vehicles; fuel leaks can cause fires
Tom Krisher, AP Auto Writer Published 12:18 p.m. ET Feb. 27, 2020 | Updated 12:28 p.m. ET Feb. 27, 2020 Detroit – Kia is recalling more than 193,000 cars and minvans in yet another move to fix nagging problems that could cause engine fires. The largest of two U.S. recalls released by the government Thursday… Continue reading Kia recalls over 193K vehicles; fuel leaks can cause fires
Ford COO Jim Farley lays out brutal reality for investors in first public speech
CLOSE After days of watching the stock price sink faster than competitors, and concerns about the strategic direction of Ford Motor Co., incoming chief operating officer Jim Farley took to the stage to make his first public speech in New York early Wednesday. Investor expectations were high — and ultimately unmet — that he would announce a significant and dramatic plan for re-positioning the company. … Continue reading Ford COO Jim Farley lays out brutal reality for investors in first public speech
FCA CEO Manley’s total compensation was $14.4M in 2019
CLOSE Fiat Chrysler CEO Mike Manley had total compensation of $14.4 million in 2019, although his direct compensation for the year was less. (Photo: Junfu Han, Detroit Free Press) Mike Manley had more than $14.4 million (13.3 million euros) in total compensation in 2019, his first full year as CEO of Fiat Chrysler Automobiles. The figure,… Continue reading FCA CEO Manley’s total compensation was $14.4M in 2019
A ‘sense of urgency’ at Ford, says automaker’s new chief operating officer
Ford Motor Co.’s incoming chief operating officer on Wednesday sought to calm investor concerns, emphasizing his top priority is to ensure the Dearborn automaker’s major vehicle introductions this year go smoothly. “Everyone at Ford Motor Co. knows the situation we’re in,” said Jim Farley, Ford’s strategy chief, said at a Wolfe Research conference in New York, likening the company’s… Continue reading A ‘sense of urgency’ at Ford, says automaker’s new chief operating officer
FCA CEO Mike Manley received $12.5 million in compensation in 2019
Fiat Chrysler Automobiles NV CEO Mike Manley in 2019 received $12.46 million (11.45 million euro) in compensation for his first full year leading the Italian American automaker. In a filing Tuesday with the Securities and Exchange Commission, Fiat Chrysler said it neared the $14 million total pay target for Manley it had projected last year. The automaker was the first of Detroit’s… Continue reading FCA CEO Mike Manley received $12.5 million in compensation in 2019
Utility company commits to buying Lordstown Motors truck
Detroit — Electric utility company FirstEnergy plans to purchase 250 of Lordstown Motors Corp.’s electric pickup truck, the start-up company said Tuesday. Lordstown Motors purchased the former General Motors Co. Lordstown Assembly complex in northeast Ohio last fall and has since been working to prepare the plant, the product and to persuade customers to purchase the Endurance electric… Continue reading Utility company commits to buying Lordstown Motors truck
Pressure mounts on Ford CEO Jim Hackett as stock drops to 52-week low
CLOSE Jim Hackett outlines his method of leading Ford Motor Co. in an interview with the Detroit Free Press. Detroit Free Press A $7.89 price tag is a bargain for just about anything these days. Including Ford Motor Company stock. “Ford’s stock is at its lowest point since the Great Recession,” said John McElroy, host of… Continue reading Pressure mounts on Ford CEO Jim Hackett as stock drops to 52-week low
Nissan warns about future of European plants as Brexit weighs
Tara Patel, Bloomberg Published 12:40 p.m. ET Feb. 24, 2020 | Updated 12:43 p.m. ET Feb. 24, 2020 Nissan Motor Co. gave the starkest warning yet on the future of the Japanese group’s car factories in western Europe, with a plant in the U.K. threatened by Brexit and another in Spain suffering from a slump… Continue reading Nissan warns about future of European plants as Brexit weighs