Detroit — General Motors Co. is increasing production at its Fort Wayne, Indiana, assembly plant in September to meet consumer demand for its pickups, according to a plant communication from Gary Duff, plant executive director. In the July 28-dated communication obtained by The Detroit News, Duff wrote that the plant would increase daily production levels of… Continue reading GM to increase production at Fort Wayne truck plant
Category: US Motoring Press
GM prodded to catch electric-car zeitgeist with name change
David Welch and Chester Dawson, Bloomberg Published 1:56 p.m. ET July 29, 2020 | Updated 2:02 p.m. ET July 29, 2020 General Motors Co. has weathered depressions, wars and pandemics under its century-old name, but the coming shift to battery-powered vehicles may be an opportunity to rethink its generic-sounding corporate moniker in favor of something… Continue reading GM prodded to catch electric-car zeitgeist with name change
GM posts $800 million loss in 2Q, to end salary cuts
Detroit — General Motors Co. burned $7.8 billion in the second quarter navigating the coronavirus pandemic, but the Detroit automaker still beat Wall Street expectations and is hopeful it can pay down debt and generate cash going forward. GM reported a second-quarter income loss of nearly $800 million on revenue of $16.8 billion in the second quarter, even as it declined to provide guidance for… Continue reading GM posts $800 million loss in 2Q, to end salary cuts
Nissan expects second straight year of red ink amid outbreak
Yuri Kageyama, AP Business Writer Published 9:18 p.m. ET July 28, 2020 Tokyo – Nissan reported a 285.6 billion yen ($2.7 billion) loss for April-June, as the Japanese automaker’s sales crashed amid the coronavirus pandemic and it struggled to recover from the loss of its former star executive Carlos Ghosn. Nissan Motor Co. racked up… Continue reading Nissan expects second straight year of red ink amid outbreak
Vehicles on the road keep getting older, and COVID could push the age higher
CLOSE The average age of a vehicle on U.S. roads has climbed to almost a dozen years. It’s part of a long-term trend of people holding on to their cars, trucks and SUVs longer, but the impact of the COVID-19 pandemic is expected to add even more pressure to this phenomenon, possibly pushing the average up… Continue reading Vehicles on the road keep getting older, and COVID could push the age higher
GM’s solution to keep a key truck plant running amid coronavirus fears
CLOSE General Motors is reversing course at Wentzville Assembly plant, even as it continues to experience high worker absenteeism by a fearful workforce as coronavirus cases surge in the surrounding community. On Monday, GM was supposed to be in the process of idling its third shift at the factory located near St. Louis. The move would have meant some of the… Continue reading GM’s solution to keep a key truck plant running amid coronavirus fears
Drivers hold onto cars in pandemic; average age hits record
Associated Press Published 8:50 a.m. ET July 28, 2020 | Updated 9:24 a.m. ET July 28, 2020 Drivers are holding on to cars and trucks longer during the coronavirus pandemic. The average age of a vehicle on U.S. roads rose by a month this year to a record 11.9 years. The IHS Markit consulting firm… Continue reading Drivers hold onto cars in pandemic; average age hits record
Ford to tell ‘untold story’ of the Bronco’s return in new podcast
The first 30 years of the Ford Bronco’s history intersected with major events in American history, from the Vietnam War to the civil rights movement to one of the most famous police chases of all time. Now, as the Blue Oval prepares to bring back one of its most iconic vehicles after nearly 25 years, a… Continue reading Ford to tell ‘untold story’ of the Bronco’s return in new podcast
Gasoline’s demand rebound fades at height of US driving season
Jeffrey Bair, Jack Wittels and Saket Sundria, Bloomberg Published 10:15 a.m. ET July 28, 2020 | Updated 10:22 a.m. ET July 28, 2020 A sharp rebound in gasoline consumption that helped to drive oil prices higher appears to be running out of steam, a development that should be a cause for concern across the petroleum… Continue reading Gasoline’s demand rebound fades at height of US driving season
2 nabbed in ex-Nissan boss’ escape say they won’t flee US
Alanna Durkin Richer, Associated Press Published 2:21 p.m. ET July 28, 2020 | Updated 2:23 p.m. ET July 28, 2020 A U.S. magistrate judge improperly denied release to a father and son wanted by Japan on charges that they helped sneak former Nissan Motor Co. Chairman Carlos Ghosn out of that country, their attorneys said… Continue reading 2 nabbed in ex-Nissan boss’ escape say they won’t flee US