(Bloomberg) — Supply Lines is a daily newsletter that tracks global trade. Sign up here. Most Read from Bloomberg Canada braced for economic turmoil and laid out a retaliation plan after President Donald Trump signed an executive order imposing 25% tariffs on almost everything the US imports from the country, and 10% on energy. Prime… Continue reading ‘Complete Betrayal’: Canada Reels as Trump Tariff Rattles Major Trading Relationship
Tag: Ford
Linamar announces $1.1-billion project to support rapidly changing global automotive market
A Linamar Corp. facility in Guelph, Ont. (Credit: Stephen C. Host/The Canadian Press files) Guelph, Ont.-based Linamar Corp. says it will spend $1.1 billion at a series of facilities across Ontario so it can produce the next generation of “propulsion agnostic” automotive parts. In addition to its $800 million investment, the federal government is committing… Continue reading Linamar announces $1.1-billion project to support rapidly changing global automotive market
UK Car Parts Maker Dowlais Agrees to $1.2 Billion Merger With American Axel
(Bloomberg) — American Axle & Manufacturing Holdings Inc., a maker of drivetrain components, has agreed to combine with UK peer Dowlais Group Plc in a transatlantic automotive deal. Most Read from Bloomberg A cash-and-share deal valued at about £1.16 billion ($1.44 billion) represents a premium of around 25% to Dowlais’ Jan. 28 closing share price,… Continue reading UK Car Parts Maker Dowlais Agrees to $1.2 Billion Merger With American Axel
Dongfeng Motor shares surge as restructuring plans prompt merger speculation
HONG KONG (Reuters) -Shares of Dongfeng Motor soared as much as 85.8% in Hong Kong on Monday after the Chinese automaker said its parent was planning a restructuring, stoking speculation that some of the state-owned players could be merged as competition grows. The stock jumped to HK$6, its highest since July 2022, shortly after the… Continue reading Dongfeng Motor shares surge as restructuring plans prompt merger speculation
Why GM stock has gotten hit hard on earnings
General Motors’ (GM) hot stock has sprung a leak after its latest earnings report on Tuesday. Shares of the auto giant fell as much as 11% on Tuesday and closed down 9%. It marked the worst day for the stock since March 2020. The stock shed another 1% through midday trading on Wednesday. The stock… Continue reading Why GM stock has gotten hit hard on earnings
GM CEO Mary Barra: I’ve talked to President Trump about tariffs
General Motors (GM) chair and CEO Mary Barra has made her case on tariffs to President Trump. “We’ve done a lot of scenario planning and we know the levers that we can pull to minimize any impact. But having the opportunity to talk to the president, I really believe he wants a strong manufacturing sector… Continue reading GM CEO Mary Barra: I’ve talked to President Trump about tariffs
BYD Starts New EV Price War With Free Smart-Driving System
(Bloomberg) — BYD Co. opened a new front in China’s electric vehicle price war — adding advanced driver-assistance features across most of its lineup for no extra cost and sending its shares to a record. Most Read from Bloomberg At a highly anticipated event on Monday evening in Shenzhen, BYD said it will make its… Continue reading BYD Starts New EV Price War With Free Smart-Driving System
@niche: Morgan Appoints Senior Automotive Industry Veteran as new Chairman003741
We are excited to welcome Steven Armstrong as our new Chairman. Steven brings a wealth of skill and experience gained over 35 years in senior leadership roles across the global automotive industry. Notably, he served as COO, President, and later Chairman of Ford of Europe. Armstrong’s proven expertise will be pivotal in ensuring the ongoing… Continue reading @niche: Morgan Appoints Senior Automotive Industry Veteran as new Chairman003741
@Ford: Sam Wu
Sam Wu has been president and CEO of Ford China since March 2023, and also leads Ford’s International Markets Group. He reports directly to Jim Farley, president and CEO of Ford Motor Company, and serves as an elected company officer. Wu joined Ford Motor Company in 2022 as the managing director and chief operating officer… Continue reading @Ford: Sam Wu
@Ford: Sherry House
As Chief Financial Officer for Ford Motor Company, House has overall responsibility for Ford’s Finance functions, including Accounting, Financial Planning and Analysis, Treasury, Tax, Investor Relations, Economics, and Audit, as well as the Ford Credit business. Previously, as Vice President, Finance for Ford from June 2024 to February 2025, House oversaw financial planning and analysis… Continue reading @Ford: Sherry House