CLOSE Assembly line production in 2018 at Ford’s Kentucky Truck Plant. (Photo: Ford Motor Co.) Ford Motor Co. is joining its crosstown rivals to restart its North American assembly plants beginning May 18. As part of a phased restart, Ford’s North American parts depots will resume full operations Monday. Employees who can work remotely will continue to do… Continue reading Ford announces a restart date, plans for workers to return in waves
Category: US Motoring Press
Fiat Chrysler files for trademark on ‘Dakota,’ raising prospect of new midsize truck
CLOSE Fiat Chrysler has filed for a trademark for “Dakota,” raising the prospect that the company could be relaunching its midsize truck model. It likely would be a Ram, however, rather than a Dodge like this 2009 Dodge Dakota Sport Extended Cab. (Photo: Fiat Chrysler Automobiles) Is Fiat Chrysler Automobiles ready to pull the trigger… Continue reading Fiat Chrysler files for trademark on ‘Dakota,’ raising prospect of new midsize truck
General Motors made $294 million net income in first quarter, down 87%
CLOSE The logo for the General Motors Corporation (Photo: STAN HONDA, AFP/Getty Images) Hit by the coronavirus crisis, General Motors is the latest of the Detroit Three automakers to have a rough quarter. The automaker reported a net profit of just $294 million, down 86.7% from $2.1 billion for the first quarter a year ago. Its earnings before… Continue reading General Motors made $294 million net income in first quarter, down 87%
Hertz and Avis cancel orders in setback for battered automakers
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
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