Global automotive Tier-1 giant Magna International’s major capital investment of US$ 77 million (Rs 613 crore) in Indian electric mobility service start-up Yulu, along with its investment into a new joint-venture energy company, in September 2022, has borne fruit in the form of a new battery-as-a-service (BaaS) brand – Yuma Energy. Yuma Energy has showcased its next-generation… Continue reading Yulu-Magna collaboration spawns new Battery-as-a-Service company
Category: US Motoring Press
Ford to pay UAW hourly workers $9,176 in profit-sharing
Ford announced Thursday in its earnings report that its UAW employees will receive profit-sharing checks averaging $9,176 this year. Checks will be distributed March 9. That’s up from $7,377 for hourly workers in 2021, when supply chain disruption and pandemic-related issues continued to shut down plants. Yet the logistics drama has also led to higher… Continue reading Ford to pay UAW hourly workers $9,176 in profit-sharing
Ford Bronco gains ground on Jeep Wrangler as sales jump 25%
After decades as America’s dominant off-road vehicle, Jeep Wrangler is seeing Ford Bronco take a big bite out of sales as the highly competitive iconic brands battle for customers. In January, Ford saw Bronco sales jump 25.5% year over year while Jeep sales dropped 25%. The Jeep sales lead dwindled from 913 vehicles in November… Continue reading Ford Bronco gains ground on Jeep Wrangler as sales jump 25%
Will Ferrell is back touting General Motors’ electric vehicles in a Super Bowl ad
Super Bowl ads with Will Ferrel are featuring high profile Netflix shows featuring GM EVs News Sports Autos Entertainment USA TODAY Obituaries eNewspaper Legals Will Ferrell is back touting General Motors’ electric vehicles in a Super Bowl ad this year that features Netflix’s “Squid Game.” Provided by General Motors Provided by General Motors, Provided by… Continue reading Will Ferrell is back touting General Motors’ electric vehicles in a Super Bowl ad
Will Ferrell is back touting General Motors’ electric vehicles in a Super Bowl ad
Will Ferrell is back touting General Motors’ electric vehicles in a Super Bowl ad News Sports Autos Entertainment USA TODAY Obituaries eNewspaper Legals Will Ferrell is back touting General Motors’ electric vehicles in a Super Bowl ad this year that has him chatting with zombies from Netflix’s “Army of the Dead.” Provided by General Motors… Continue reading Will Ferrell is back touting General Motors’ electric vehicles in a Super Bowl ad
GM and Netflix partner to promote EVs in popular shows, Super Bowl ad
Actor and comedian Will Ferrell is back touting General Motors’ electric vehicles in a Super Bowl ad this year that has him chatting with zombies from Netflix’s “Army of the Dead” and kids in “Stranger Things” and as he strolls through Regency-era England‘s “Bridgerton,” where a Cadillac Lyriq awaits him. The ad kicks off a… Continue reading GM and Netflix partner to promote EVs in popular shows, Super Bowl ad
Ford posts ugly fourth quarter, full-year net loss as ‘execution issues’ plague production
Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford Motor reported an ugly fourth quarter, missing Wall Street’s earnings expectations and falling short of its own full-year guidance by… Continue reading Ford posts ugly fourth quarter, full-year net loss as ‘execution issues’ plague production
Ford’s U.S. sales start 2023 on strong footing, boosted by F-Series and Bronco
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT — Ford Motor‘s new U.S. vehicle sales started 2023 on a stronger footing than a year earlier but were down 18.4% from December, the company reported Thursday. January is… Continue reading Ford’s U.S. sales start 2023 on strong footing, boosted by F-Series and Bronco
Ferrari’s profits jump 13% in 2022, supercar maker expects an even better year in 2023
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Thursday reported full-year profit up 13% year over year and guided to an even stronger year in 2023 on what its CEO called “persistently high demand”… Continue reading Ferrari’s profits jump 13% in 2022, supercar maker expects an even better year in 2023
Ferrari raises earnings outlook on robust luxury-car demand
This content is only available to subscribers. Get unlimited digital access. $1 for 3 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Ferrari raises earnings outlook on robust luxury-car demand