Ford salaried employees, who were shocked when they were let go this week, are reviewing severance packages that could offer up to nine months of pay for longtime workers. David Kudla, CEO of Mainstay Capital Management in Troy, said he has seen severance packages from clients who are salaried workers at Ford that include nine… Continue reading What Ford salaried workers saw as a payout in latest layoffs
Category: US Motoring Press
GM in best position of Detroit 3 to meet California’s electric vehicle rule, experts say
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Ford raises price of all 2023 Mach-Es by $3,000-$8,000, citing increased costs, supply issues
Ford Motor Co. will reopen the U.S. order banks Tuesday for the all-electric 2023 Mustang Mach-E, offering new features including extended range, and raising the price across all trims by thousands of dollars. In a news release Thursday, Ford said it was raising the starting price for the 2023 model “due to significant material cost… Continue reading Ford raises price of all 2023 Mach-Es by $3,000-$8,000, citing increased costs, supply issues
Dodge making mark at drag strip as electric-vehicle era looms
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GMC, Hyundai among vehicle recalls this week
U.S. National Highway Traffic & Safety Administration The U.S. National Highway Traffic Safety Administration has issued recalls for August 18 through 25, including a GMC recall involving 484,155 units and a Hyundai recall involving 245,030 units. See the list of this week’s car recalls involving ten or more units below, or search USA TODAY’s automotive… Continue reading GMC, Hyundai among vehicle recalls this week
Ford hikes price of electric Mustang Mach-E by as much as $8,475 due to ‘significant’ battery cost increases
Ford said the markups are due to “significant material cost increases, continued strain on key supply chains” and market conditions. Go to Source
These automakers top the list of those facing climate-change risks
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Washington to follow California in phasing out gas vehicles
Seattle — Washington Gov. Jay Inslee said his state will follow California and prohibit the sale of new gas-powered vehicles by 2035. The specific regulations for Washington state are yet to be created and the public will have the chance to weigh in, The Seattle Times reported. “This is a critical milestone in our climate fight.… Continue reading Washington to follow California in phasing out gas vehicles
Chip woes: GM halts truck production at Mexico truck plant next week
General Motors Co.’s truck plant in Mexico will be down next week as a result of the semiconductor shortage. GM’s Mexico Silao plant makes the Chevrolet Silverado and GMC Sierra light-duty trucks. Other truck plants in Fort Wayne, Indiana; Flint, and Oshawa, Ontario, are all running next week. Flint, which makes heavy-duty Silverados and Sierras, is… Continue reading Chip woes: GM halts truck production at Mexico truck plant next week
Porsche attracts IPO demand at up to $85 billion valuation
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