Tag: GM

These companies might close, lay off US workers because of Trump’s trade war

Many companies are holding out hope that the trade negotiations end quickly but have warned that job cuts and price increases could be imminent. BMW and General Motors sent their warnings in writing to the Department of Commerce. “This is hurting the economy but so far it’s manageable,” says Mark Zandi, chief economist of Moody’s… Continue reading These companies might close, lay off US workers because of
Trump’s trade war

GM squeezes pounds and pennies to attack Ford’s pickup profit machine

FORT WAYNE, Ind. (Reuters) – When General Motors Co (GM.N) engineers were developing the 2019 Chevrolet Silverado and GMC Sierra pickup trucks, some of them joined public tours of Ford Motor Co’s (F.N) Dearborn, Michigan factory to watch aluminum-bodied F-series trucks go down the assembly line. FILE PHOTO: General Motors reveals its 2019 Chevrolet Silverado… Continue reading GM squeezes pounds and pennies to attack Ford’s pickup profit machine

New York City Council votes to cap licenses for ride-hailing services like Uber and Lyft

The New York City Council has approved legislation that will halt the issuing of new licenses for ride-hailing services like Uber and Lyft. The stated goal of the policy is to give the city time to study the industry’s impact. During that time, ride-hailing companies would only be able to add new vehicles if they’re… Continue reading New York City Council votes to cap licenses for ride-hailing services like Uber and Lyft

UPDATE 7-U.S. SEC examining Musk’s tweets on taking Tesla private -WSJ

(Reuters) – U.S. regulators are asking Tesla Inc (TSLA.O) why Chief Executive Elon Musk announced his plan to take the electric carmaker private on Twitter and whether his statement was truthful, the Wall Street Journal reported on Wednesday. Musk announced his plan on his personal Twitter account on Tuesday, and the U.S. Securities and Exchange… Continue reading UPDATE 7-U.S. SEC examining Musk’s tweets on taking Tesla private -WSJ

UPDATE 4-Tesla board evaluating CEO Musk’s idea to take company private

(Reuters) – Tesla Inc’s (TSLA.O) board said it was evaluating taking the company private, a day after Chief Executive Elon Musk surprised shareholders with the idea of launching the biggest leveraged buyout of all time. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space… Continue reading UPDATE 4-Tesla board evaluating CEO Musk’s idea to take company private

Noble M500 borrows its engine from the Ford GT, headlights from the Corvette

It’s been a while since we’ve heard anything from British boutique automaker Noble, maker of hardcore performance cars like the current M600. But the company is back with a new supercar called the M500, which Noble described on Twitter as a “friendlier little brother to the M600.” But only a little friendlier. The M500 will… Continue reading Noble M500 borrows its engine from the Ford GT, headlights from the Corvette

Ford to launch new basic SUV as part of China revival effort

BEIJING (Reuters) – Ford Motor (F.N) said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the U.S. automaker attempts to revive its slumping business in the world’s biggest auto market. FILE PHOTO: A Ford logo is pictured at a car… Continue reading Ford to launch new basic SUV as part of China revival effort

UPDATE 1-Ford to launch new basic SUV as part of China revival effort

BEIJING (Reuters) – Ford Motor (F.N) said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the U.S. automaker attempts to revive its slumping business in the world’s biggest auto market. FILE PHOTO: A Ford logo is pictured at a car… Continue reading UPDATE 1-Ford to launch new basic SUV as part of China revival effort

No need to buy a Cadillac, Mercedes-Benz or Volvo when you can simply subscribe

In a world awash in hassles, this seemed like a dream come true. A near-new Cadillac delivered to your home, office or wherever else you’d like. No insurance or maintenance to worry about. If there are issues, a “concierge” is an email or phone call away. Grow tired of the car? Just go to the… Continue reading No need to buy a Cadillac, Mercedes-Benz or Volvo when you
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