DETROIT (Reuters) – Toyota Motor Corp (7203.T) will invest $170 million in an existing plant in Mississippi to build the next generation of its Corolla sedan, the Japanese automaker said on Thursday. FILE PHOTO: The Toyota logo is shown at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike Blake/File… Continue reading Toyota to invest $170 mln in Mississippi plant, create 400 jobs
Tag: Ford
Ford: We won’t abandon affordable, entry-level vehicles
Ford says U.S. consumers no longer want sedans. Jim Farley, Ford president of global markets, told The Detroit News on Thursday that doesn’t mean the Blue Oval won’t have affordable, fuel-efficient options. (Photo: Justin Sullivan / Getty Images) Some dealers are concerned that Ford Motor Co.’s decision to cut back its lineup of sedans and… Continue reading Ford: We won’t abandon affordable, entry-level vehicles
Ford Is About to Abandon American Sedans
The Model T, the ’32 deuce coupe, the Thunderbird, the Mustang: For much of its 115-year history, Ford Motor Co. has been synonymous with cars. But now Ford, one of the great engines of 20th Century American industry, is about to do the unthinkable: abandon the American car business almost entirely. Henry Ford and the… Continue reading Ford Is About to Abandon American Sedans
Ford fined $7.6 million by Australian court for mishandling PowerShift complaints
Rod McGuirk, Associated Press Published 8:26 a.m. ET April 26, 2018 | Updated 8:31 a.m. ET April 26, 2018 In this May 23, 2013, file photo, a banner is displayed at a Ford dealership in Sydney. Ford Motor Co.’s Australian subsidiary was fined 10 million Australian dollars ($7.6 million) by an Australian court on Thursday,… Continue reading Ford fined $7.6 million by Australian court for mishandling PowerShift complaints
UPDATE 4-GM results dented by pickup truck changeover
DETROIT (Reuters) – General Motors Co (GM.N) on Thursday reported better-than-expected first-quarter earnings despite a drop in production of high-margin pickup trucks as it gears up for new models, but investors disappointed by the automaker’s lower pre-tax profit sent its shares down more than 2 percent. FILE PHOTO: The GM logo is seen at the… Continue reading UPDATE 4-GM results dented by pickup truck changeover
As Ford phases out most cars, Chicago plant will produce a new SUV
The Ford assembly plant on Chicago’s Southeast Side is not expecting any layoffs as the company phases out most cars — including the signature Taurus sedan built there — in favor of SUVs and trucks. The Torrence Avenue plant, Ford’s oldest in continuous operation, will end production of the Taurus and Police Interceptor sedans by… Continue reading As Ford phases out most cars, Chicago plant will produce a new SUV
UPDATE 2-Fiat Chrysler cuts debt by more than expected
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) (FCHA.MI) reduced its debts by more than expected in the first quarter, putting the carmaker well on course to become cash positive later this year. FILE PHOTO: Sergio Marchionne, CEO, Fiat Chrysler Automobiles, speaks with journalists at the North American International Auto Show in Detroit, Michigan, U.S., January… Continue reading UPDATE 2-Fiat Chrysler cuts debt by more than expected
Ford Mondeo’s future in doubt as Fusion is axed in US
The long-term future of the Ford Mondeo looks increasingly uncertain after the automotive giant announced plans to drop the popular model’s sister vehicle – the Fusion – in the United States, and focus on pick-ups and SUVs in that region instead. The current Mondeo was introduced in 2014 in Europe – and it has survived declining sales… Continue reading Ford Mondeo’s future in doubt as Fusion is axed in US
Ford Australia fined $10m for mishandling faulty vehicle complaints
Automotive industry Carmaker also ordered to establish a compensation scheme after it mistreated customers whose vehicles had faulty transmissions • Sign up to receive the top stories in Australia every day at noon Ford Fiestas were among the models that customers complained about. Customers reported their vehicles shuddered, jerked or lost power. Ford has admitted… Continue reading Ford Australia fined $10m for mishandling faulty vehicle complaints
Abandoned Car! Ford Dropping All Passenger-Car Models Except Mustang
In an unprecedented move that may reshape the entire auto industry, Ford will stop building all sedans and hatchbacks and shift production to crossovers and trucks. It is, by far, the company’s most dramatic production change in its 115-year history since Henry Ford adopted the assembly line. In its first-quarter statement on Wednesday, the company… Continue reading Abandoned Car! Ford Dropping All Passenger-Car Models Except Mustang