Gabrielle Coppola, David Welch and Chester Dawson, Bloomberg Published 1:04 p.m. ET May 6, 2020 | Updated 1:11 p.m. ET May 6, 2020 Rental-car companies struggling to survive the coronavirus pandemic’s catastrophic blow to their business have been working with automakers to call off purchases, in some cases even redirecting vehicles in transit to their… Continue reading Hertz and Avis cancel orders in setback for battered automakers
Category: US Motoring Press
GM tells some plants it will begin restart May 18
Detroit — General Motors Co. sent out alerts Tuesday to United Auto Workers members at some factories, alerting them that it plans to begin to restart factories May 18. The alert, obtained by The Detroit News, says: “Tomorrow, we will announce externally that GM plans to begin a limited, cadenced and site-specific approach for a return to the workplace… Continue reading GM tells some plants it will begin restart May 18
Ford COO makes second largest exec purchase of Ford stock in 10 years
CLOSE Ford Motor Co.’s $2 billion loss in the first quarter is no deterrent to its COO Jim Farley. Farley, 57, paid about $1 million to buy 194,950 shares of Ford stock Thursday at about $5.13 a share, Ford said in documents filed with the Securities and Exchange Commission on Monday. Farley now owns 828,922 Ford shares. The purchase… Continue reading Ford COO makes second largest exec purchase of Ford stock in 10 years
Honda, PSA to gradually restart car plants in coming weeks
Tara Patel and Siddharth Philip, Bloomberg Published 11:38 a.m. ET May 4, 2020 | Updated 11:42 a.m. ET May 4, 2020 PSA Group and Honda Motor Co. will gradually restart manufacturing sites in the coming weeks as European countries begin to lift lockdown restrictions and reopen vehicle showrooms. The first wave of resumptions at PSA’s… Continue reading Honda, PSA to gradually restart car plants in coming weeks
Cadillac Super Cruise gets new features that let it take over more of the driving
CLOSE Cadillac reinvents driving with system that steers car for long distances on highways Cadillac’s Super Cruise hands-free driving system will add several welcome functions this year, increasing conditions in which drivers can let their Caddies essentially drive themselves, like when passing and switching highways at interchanges. I’ve logged more than 3,000 miles with Super Cruise. It’s amazing,… Continue reading Cadillac Super Cruise gets new features that let it take over more of the driving
Alexandra Ford English, daughter of Bill Ford Jr., replaces Joe Hinrichs on Rivian board
CLOSE Alexandra Ford English, director of corporate strategy at Ford Motor Company, has taken a seat on the board of directors for Rivian, the high-profile electric vehicle startup. Alexandra Ford English, daughter of Bill Ford Jr., has just been named to the Rivian board of directors, the companies announced jointly on May 1, 2020. (Photo: Ford… Continue reading Alexandra Ford English, daughter of Bill Ford Jr., replaces Joe Hinrichs on Rivian board
Feds clear General Motors in UAW union corruption probe
FBI agents finish loading materials into a truck out of the home of United Auto Workers President Gary Jones on Wednesday, Aug. 28, 2019. Michael Wayland / CNBC Federal prosecutors this week informed General Motors that it is not currently a target in a yearslong investigation into corruption of the United Auto Workers union. The… Continue reading Feds clear General Motors in UAW union corruption probe
Ford says it expects to call salaried workers in North America back to the office by late June, early July
CLOSE Ford continues to dominate the heavy-truck market, with F-Series truck sales at a 12-year high. For salaried Ford employees wondering when it’ll be time to get out of their pajamas and leave home on a workday, the answer is likely by late June or early July in the U.S., Canada and Mexico. Pointing to that time frame,… Continue reading Ford says it expects to call salaried workers in North America back to the office by late June, early July
GM delays GMC Hummer EV unveiling set for May
Detroit — General Motors Co. has indefinitely delayed the public unveiling of its GMC Hummer EV. The unveiling, previously scheduled for May 20 in Las Vegas, was delayed because of the COVID-19 pandemic that has caused states to issue stay-at-home orders and enforce social-distancing protocols. GM also had to delay the premiere of its electric Cadillac Lyriq crossover… Continue reading GM delays GMC Hummer EV unveiling set for May
Ford kills Rivian deal with Lincoln (for now) amid economic challenges during pandemic
CLOSE Ford and Rivian put their plans on ice to jointly develop a Lincoln-brand electric vehicle, a Lincoln spokeswoman confirmed on Tuesday. Ford said the current economy has created new and unexpected challenges, so this particular project is being postponed, said Angie Kozleski, Lincoln spokeswoman. The environment is changing rapidly. Just as any prudent business would do, we… Continue reading Ford kills Rivian deal with Lincoln (for now) amid economic challenges during pandemic