Sophia Cai, Bloomberg Published 3:21 p.m. ET July 9, 2020 | Updated 3:24 p.m. ET July 9, 2020 Ford Motor Co.’s top executive has pushed back against some employees calling for the top seller of vehicles to U.S. police departments to exit the business. Chief Executive Officer Jim Hackett sent a more than 600-word letter… Continue reading Ford CEO resists employees’ push to end sales of police vehicles
Category: US Motoring Press
Judge dismisses GM’s racketeering case against FCA
CLOSE A federal district court judge on Wednesday dismissed the General Motors racketeering lawsuit against Fiat Chrysler Automobiles. The order followed a decision by the U.S. 6th Circuit Court of Appeals this week not to reassign the case at GM’s request though it vacated Judge Paul Borman’s earlier order that GM CEO Mary Barra and FCA CEO Mike… Continue reading Judge dismisses GM’s racketeering case against FCA
Judge dismisses GM’s racketeering lawsuit against Fiat Chrysler
Detroit — A federal judge on Wednesday dismissed “with prejudice” General Motors Co.’s racketeering lawsuit against Fiat Chrysler Automobiles NV. U.S. District Court Judge Paul Borman threw out the case after he had previously ordered GM CEO Mary Barra and FCA CEO Mike Manley to meet in person and come to a resolution in the matter. An appeals… Continue reading Judge dismisses GM’s racketeering lawsuit against Fiat Chrysler
Court overturns order to have GM, Fiat Chrysler chiefs meet
The Associated Press Published 8:17 p.m. ET July 6, 2020 | Updated 8:32 p.m. ET July 6, 2020 Detroit – An appeals court on Monday said the CEOs of General Motors and Fiat Chrysler don’t have to meet to settle a lawsuit between the two automakers. The court overturned an extraordinary decision by a federal… Continue reading Court overturns order to have GM, Fiat Chrysler chiefs meet
Ghosn wired $860,000 to alleged escape plotter’s firm, US says
David Yaffe-Bellany, Bloomberg Published 3:28 p.m. ET July 7, 2020 | Updated 3:31 p.m. ET July 7, 2020 Former Nissan Motor Co. chief Carlos Ghosn transferred more than $860,000 in October to a company managed by one of the men accused of helping him escape criminal charges in Japan two months later, U.S. prosecutors said.… Continue reading Ghosn wired $860,000 to alleged escape plotter’s firm, US says
Uber Buys Postmates for $2.65 Billion
SAN FRANCISCO — Uber has agreed to acquire the food delivery start-up Postmates for $2.65 billion as it aims to expand its presence in on-demand food delivery while its core ride-hailing business struggles. The companies announced the all-stock deal on Monday morning. Uber will combine Postmates with its own food delivery subsidiary, Uber Eats, which… Continue reading Uber Buys Postmates for $2.65 Billion
Renault and Nissan Unveil Plan to Patch Tattered Alliance
TOKYO — Nissan and Renault, the quarrelsome main partners in the world’s largest automaking alliance, announced a plan on Wednesday to try to reset their troubled relationship as they seek to survive the coronavirus’s devastating impact on the car industry. The plan seeks to more clearly delineate each company’s turf so they can better absorb… Continue reading Renault and Nissan Unveil Plan to Patch Tattered Alliance
Ford to end production of the Lincoln Continental at end of 2020
Autoplay Show Thumbnails Show Captions Last SlideNext Slide Ford Motor Co. confirmed Wednesday it will permanently end production of the Lincoln Continental built at the Blue Oval’s Flat Rock Assembly Plant. The move is just the latest in the Dearborn automaker’s long-term strategy of ditching sedans and compact cars in favor of a wider array of profit-rich trucks and… Continue reading Ford to end production of the Lincoln Continental at end of 2020
Citroen unveils new hatchback as virus pushes event online
David Mchugh, Associated Press Published 5:05 p.m. ET June 30, 2020 | Updated 5:12 p.m. ET June 30, 2020 Frankfurt, Germany – PSA Group unveiled one of its most important new models Tuesday with 20 people physically present and 2,600 watching online – a marketing configuration that the coronavirus seems likely to accelerate across the… Continue reading Citroen unveils new hatchback as virus pushes event online
GM cuts shift at Spring Hill plant after pandemic hurts demand
The COVID-19 pandemic’s impact on market demand has led General Motors Co. to lay off the third shift at its Spring Hill, Tennessee, plant. The layoff, which comes a week after GM initially just postponed the addition of the shift, affects 680 employees at the plant where the Cadillac XT5, XT6 and GMC Acadia SUVs are built. Transfer opportunities to… Continue reading GM cuts shift at Spring Hill plant after pandemic hurts demand