Category: US Motoring Press

GM to reinstate a dividend and start stock buybacks, signaling confidence

In what is often seen as a sign of confidence and a way to entice investor loyalty, General Motors is reinstating its dividend. It is also going to restart stock buybacks as GM continues its major investment in its transition to electric vehicles and self-driving technology. The automaker said Friday its Board of Directors has authorized the reinstatement of a… Continue reading GM to reinstate a dividend and start stock buybacks, signaling confidence

Ford’s Quarterly Profit Is Up Nearly 20% From a Year Earlier

Automakers are seeing improvements in the supply of computer chips, but shortages continue to disrupt production. The latest reading on the situation comes from Ford Motor, which said Wednesday that its second-quarter profit had risen nearly 20 percent from a year earlier, when the global chip shortage took a severe toll on its operations. The… Continue reading Ford’s Quarterly Profit Is Up Nearly 20% From a Year Earlier

New McLaren Solus GT revealed as V10 single-seater

McLaren has made its virtual Vision Gran Turismo concept car reality with this: the new McLaren Solus GT. Aside from its single-seater race cars, the 200mph hypercar is faster than any other McLaren around a track, thanks to a high-revving naturally aspirated V10 and radical aerodynamics that produce more than 1,200kg of downforce. Just 25… Continue reading New McLaren Solus GT revealed as V10 single-seater

GM, citing ‘consistently strong earnings,’ to reinstate dividend, resume stock buybacks

General Motors Co. is reinstating its quarterly dividend for shareholders after suspending it in April 2020 in response to the coronavirus pandemic, the Detroit automaker said Friday. A dividend of 9 cents per share of the company’s common stock will be paid out on Sept. 15 to shareholders of record as of the close of business… Continue reading GM, citing ‘consistently strong earnings,’ to reinstate dividend, resume stock buybacks

New Unifor president pushes for pay hikes to beat inflation, add members

This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading New Unifor president pushes for pay hikes to beat inflation, add members

2023 Geneva Motor Show cancelled, but Qatar event will go ahead

The Geneva Motor Show has been one of the most important events in the motoring calendar with many car manufacturers using it to unveil new cars and their latest technology. The 2023 show was scheduled to take place in February after several years of cancellations, but now organisers have said it will be in Doha,… Continue reading 2023 Geneva Motor Show cancelled, but Qatar event will go ahead

2023 Audi S4 Avant will debut alongside new A4

Audi has almost finished testing the new A4 ahead of its debut next year and with it will come the hot S4 Avant variant spied here. It could be one of the last petrol-powered performance estates as Audi looks to launch its final internal combustion models by 2026.  We’ve already spied the forthcoming A4 Avant… Continue reading 2023 Audi S4 Avant will debut alongside new A4

New Hennessey Venom F5 Roadster aims for 300mph top speed

American car manufacturer Hennessey has just revealed details of its new Venom F5 Roadster, a convertible hypercar designed to top 300mph. Priced from £2.5 million, 30 Roadsters will be built compared to the 24 coupes that are already on the road.  The Texas-built Venom F5 Roadster is a new rival to the Koenigsegg Regera and… Continue reading New Hennessey Venom F5 Roadster aims for 300mph top speed