CLOSE We sit down with Jim Hackett, Ford Motor Company’s new CEO, to talk about his new position and the company’s future. Kimberly P. Mitchell/Detroit Free Press Ford China CEO and chairman Jason Luo, who began his job just a few months ago, has resigned. (Photo: Key Safety Systems) Ford China CEO and chairman Jason… Continue reading Ford China CEO shocks investors with resignation; company officials focus on future
Author: Detroit Free Press Online
CEO Jim Hackett pushing Ford team as investors watch with caution
Ford Motor Company President and CEO Jim Hackett speaks during the Ford presentation at the 2018 North American International Auto Show in Detroit January 14, 2018. (Photo: Maury/EPA-EFE/REX/Shutterstock) Ford CEO Jim Hackett, eight months into his role, brings an unconventional approach to the auto industry, which leaves colleagues inspired and observers sometimes a bit confused. He has… Continue reading CEO Jim Hackett pushing Ford team as investors watch with caution
Fiat Chrysler shows big profit boost for 2017; workers get $5,500 each
Buy Photo The media crowds around Sergio Marchionne, CEO of Fiat Chrysler Automobiles N.V. and Chairman and CEO of FCA at the 2019 Jeep Cherokee reveal during the 2018 North American International Auto Show held at Cobo Center in downtown Detroit on Tuesday, Jan. 16, 2018. (Photo: Kimberly P. Mitchell, Detroit Free Press)Buy Photo Fiat… Continue reading Fiat Chrysler shows big profit boost for 2017; workers get $5,500 each
Ford UAW workers will get $7,500 profit-sharing checks
But low to moderate gas prices have propelled robust sales of large pickup trucks such as the 2016 Ford F-150 pickup that improved its fuel economy from the prior generation by using aluminum body panels. (Photo: Ford Motor Company) Ford Motor Co. said Wednesday afternoon that its year-end earnings were down slightly from analyst projections due… Continue reading Ford UAW workers will get $7,500 profit-sharing checks
When to expect driverless cars? Journalist says answer is simple
The image of Mike Beebe, CEO of Mayfield Robotics, speaking and Kuri, a personal robot designed by his company, are displayed on a large screen during the Inforum Michigan annual NAIAS breakfast at the Renaissance Center on Friday, Jan. 19, 2018. (Photo: Eric D. Lawrence) When will autonomous vehicles be in regular use on public roads?… Continue reading When to expect driverless cars? Journalist says answer is simple
Bankruptcy judge rules settlement calling for GM to pay $1 billion stock is unenforceable
This file photo, shows a key in the ignition switch of a 2005 Chevrolet Cobalt in Alexandria, Va. General Motors has paid about $2.5 billion to settle claims tied to the defective ignition switches in about 2.5 million vehicles. (Photo: Molly Riley, Molly Riley, AP) Judge Martin Glenn of U.S. Bankruptcy Court in New York… Continue reading Bankruptcy judge rules settlement calling for GM to pay $1 billion stock is unenforceable
France’s PSA Group to offer 40 electric vehicles by 2025
CLOSE Lamborghini unveils the 2019 Lamborghini Urus SUV at the Museum of Contemporary Art Detroit in Detroit, Monday, Jan. 15, 2018. Junfu Han, Detroit Free Press PSA Peugeot Citroen Chief Executive Carlos Tavares arrives to deliver his speech during the presentation of the company’s 2016 full year results, in Paris, Thursday, Feb.23, 2017. (Photo: Christophe… Continue reading France’s PSA Group to offer 40 electric vehicles by 2025
GM sees 2018 profits roughly equal to 2017 with slightly lower U.S. market
General Motors Chairman and CEO Mary Barra told analysts Tuesday GM expects to exceed its 2017 profitability in North America and China. (Photo: Steve Fecht for General Motors) General Motors expects its 2018 profit to be in line with earnings from 2017, details of which it will report Feb. 6. But the automaker will not… Continue reading GM sees 2018 profits roughly equal to 2017 with slightly lower U.S. market
Flint plant to build new engine for Silverado pickup truck
CLOSE The 2019 Chevrolet Silverado revealed at Eastern Market in Detroit on Saturday Jan. 13, 2018. Buy Photo Alan Batey, President of General Motors North America and Chevrolet Brand Chief, talks about the 2019 Chevrolet Silverado during the reveal at Eastern Market in Detroit on Saturday Jan. 13, 2018. (Photo: Eric Seals, Detroit Free Press)Buy… Continue reading Flint plant to build new engine for Silverado pickup truck
Cadillac will follow XT4 with a larger, third-row crossover in early 2019
CLOSE From sleek new sports cars to hefty trucks, the international auto show had something for everyone. USA TODAY Buy Photo A 2018 Cadillac XT5 Platinum Edition is seen on display on Tuesday, January 16, 2018 during the 2018 North American International Auto Show at Cobo Center in Detroit. (Photo: Ryan Garza, Detroit Free Press)Buy… Continue reading Cadillac will follow XT4 with a larger, third-row crossover in early 2019