Cruise Automation, the self-driving unit of General Motors, is teaming up with DoorDash to test a food delivery service in San Francisco using autonomous vehicles. The pilot will commence in “early 2019,” the companies said, but it will only be available in the section of the city where Cruise has been testing its vehicles. The… Continue reading GM’s Cruise partners with DoorDash to test autonomous food delivery
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Major automakers bullish on U.S. market despite rising interest rates
DETROIT (Reuters) – Major automakers on Thursday shrugged off declines in U.S. new vehicle sales in December and said they were bullish about 2019 even as economists warned that rising interest rates will discourage consumers from buying cars in the year ahead. FILE PHOTO: New vehicles sit in a parking lot at the General Motors… Continue reading Major automakers bullish on U.S. market despite rising interest rates
UPDATE 6-Major automakers bullish on U.S. market despite rising interest rates
DETROIT (Reuters) – Major automakers on Thursday shrugged off declines in U.S. new vehicle sales in December and said they were bullish about 2019 even as economists warned that rising interest rates will discourage consumers from buying cars in the year ahead. FILE PHOTO: New vehicles sit in a parking lot at the General Motors… Continue reading UPDATE 6-Major automakers bullish on U.S. market despite rising interest rates
China annual auto sales fall for first time in about two decades with more pain on the way
Fred Dufour | AFP | Getty Images
This picture taken on November 22, 2018 shows vehicles at a Hongqi car dealer in Beijing.
Auto sales in China fell 3 percent in 2018 — their first decline in about two decades and a mild introduction to even more pain coming for automakers doing business in Asia this year, according to China auto consulting firm ZoZoGo.
The slowdown is especially painful for U.S. automakers operating in China, which dwarfs the U.S. as the world's largest car market. Automakers sold roughly 28 million automobiles in China in 2018, compared with about 17 million in the U.S. — the second-largest auto market.
A combination of trade tensions and consumer jitters have stalled sales in a country that has historically been a considerable source of growth for the industry.
“Look for the market to fall another 5 percent in 2019 because consumer confidence remains shaky,” said Michael Dunne, the CEO of ZoZoGo, which advises automakers doing business in China. Dunne is the former president of GM Indonesia. “There's simply too much uncertainty amidst a slowing economy, job security worries and then there is the big cloud of angst about US-China trade tensions. ”
U.S. automaker General Motors has said it is doing well in the country, despite what it calls a challenging business environment. Ford has been less fortunate, due in part to automaker's failure to churn out product fast enough in the highly competitive Chinese market.
U.S. stocks fell sharply on Thursday following a dire quarterly warning from Apple and the release of weaker-than-expected manufacturing data. The iPhone maker blamed a slowing Chinese economy for the shortfall, intensifying fears that the global economy may be slowing down.
Automakers close out 2018 with drop in U.S. new vehicle sales
DETROIT (Reuters) – Major automakers on Thursday posted a weak finish to 2018 for U.S. new vehicle sales as the industry braced for what is widely expected to be a worse year for sales in 2019. FILE PHOTO: A logo of General Motors is pictured at its plant in Silao, in Guanajuato state, Mexico, November… Continue reading Automakers close out 2018 with drop in U.S. new vehicle sales
Pentagon completes acquisition of three TrustFord dealerships
Pentagon Motor Group has completed the acquisition of TrustFord dealerships in Warrington, St Helens and Runcorn to join the Ford franchise for the first time. The newly-acquired sites – including the flagship Warrington Ford Store – have now been rebranded as Pentagon Ford and became fully-operational under their new ownership this week. Pentagon’s operations that… Continue reading Pentagon completes acquisition of three TrustFord dealerships
From VW to Porsche: The Top 10 Car News 2019
Production at VW in Saxony From the outside, the eighth Golf also remains a Golf. Inside is a lot new for the model 8. (Photo: AP) Cologne Bestsellers, real eye-catchers and classics with a fresh inner life – dozens of new car models will be re-launched this year. From golf in the usual look to… Continue reading From VW to Porsche: The Top 10 Car News 2019
China's First Car Sales Dip in 3 Decades Stirs Stimulus Talk
(Bloomberg) — China vehicle sales fell for the first time in 28 years, raising the prospect of a government-led stimulus to revive demand in the world’s biggest auto market as consumers from Europe to U.S. balk at buying new cars. Deliveries of passenger vehicles to dealers fell 4.1 percent to 23.7 million units last year,… Continue reading China's First Car Sales Dip in 3 Decades Stirs Stimulus Talk
Anthony F. Earley, Jr.
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Anthony F. Earley, Jr.
Anthony F. Earley, Jr.
Anthony F. Earley Jr. was elected to the Ford Motor Company board of directors in 2009. He serves on the nominating and governance committee and the sustainability and innovation committee, and as chair of the compensation committee. Mr. Earley serves as the board’s lead independent director.
Earley is the executive chairman of PG&E Corporation, as of March 2017. Beginning in 2011, he served as the chairman, chief executive officer and president of PG&E Corporation.
Previously, beginning in 2010, he was executive chairman of DTE Energy, having served as chairman and chief executive officer of the organization since 1998. Earley joined DTE Energy in 1994 as president and chief operating officer.
Prior to that, Earley served as president and chief operating officer of Long Island Lighting Company, an electric and gas utility in New York.
Earley serves on the executive committees of the Edison..
Monazza Khan
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Monazza Khan
Monazza Khan
Monazza Khan is appointed regional director, Office of the General Counsel, Ford of Europe, effective Aug. 1, 2019.
In this role, Khan is responsible for Ford legal affairs across Europe. She reports to Stuart Rowley, president, Ford of Europe, and John Harris, assistant general counsel, Ford Motor Company.
Previously, Khan served as managing counsel for Ford in the U.K. beginning in 2016. She was responsible for coordinating legal affairs for the U.K. and a number of other European countries, plus the legal aspects of other key business areas, including European distribution issues, reset and redesign, mobility, transactions, business alliances and joint ventures.
Prior to that, Khan held a number of positions in Ford’s European and U.K. legal departments, handling real estate, environmental, HR and commercial matters.
Khan joined Ford in 1995, after seven years in private practice at London law firm Reed S..