Detroit
Ford’s sales up 16% in third quarter, despite September decline
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor on Tuesday said its sales in the third quarter increased about 16% compared with a year earlier, despite a larger-than-expected decline in September. The Detroit automaker, which reports sales monthly, said it sold 142,644 vehicles last month, […]
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GM adds former Lyft and Tesla executive Jon McNeill as board member
A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity. Jeff Kowalsky | AFP | Getty Images DETROIT – General Motors on Tuesday said it is adding Jon […]
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General Motors says sales rose 24% in the third quarter
People look at the Cadillac Lyriq electric vehicle at the Cadillac booth at the North American International Auto Show in Detroit, Michigan on September 14, 2022. Geoff Robins | AFP | Getty Images DETROIT – General Motors’ third-quarter vehicle sales increased 24% compared to a year ago, when supply chain issues weighed more heavily on […]
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GM delays return-to-office mandate after employee backlash
General Motors CEO Mary Barra speaks to reporters while she waits for the arrival of President Joe Biden at media day of the North American International Auto Show in Detroit, Michigan, September 14, 2022. Rebecca Cook | Reuters DETROIT – General Motors is conducting damage control around its return-to-office plans after a Friday afternoon message […]
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Ford’s supply chain problems include blue oval badges for F-Series pickups
A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Images DETROIT – Recent supply chain problems for Ford Motor have included a small, yet important, part for the company and its vehicles – the blue oval badges that don nearly every […]
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GM to close reservations for electric Hummer pickup, SUV after topping 90,000
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – General Motors will close reservations for its electric […]
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Ford stock on pace for worst day in more than 11 years after cost warning
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor’s stock is on pace for its worst day in more than 11 years, after the automaker pre-released part of its third-quarter earnings report and warned investors of $1 billion in unexpected supplier costs. Shares of Ford were […]
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Ford warns investors of an extra $1 billion in supply chain costs during the third quarter
2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor on Monday warned investors that the company expects to incur an extra $1 billion in costs during the third quarter due to inflation and supply chain issues. Ford said supply problems have resulted in parts shortages affecting roughly 40,000 to 45,000 vehicles, primarily high-margin trucks […]
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Biden announces first round of funding for EV charging community across 35 states
President Joe Biden introduced Wednesday the release of the 1st round of funding for a nationwide electric vehicle charging network, funding the building of stations in 35 states. “I am delighted to announce that we’re approving funding for the very first 35 states, like Michigan, to create their personal charging infrastructure during their state,” Biden […]
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Chrysler to end production of 300 sedan after rolling out limited edition V-8 model
2023 Chrysler 300C sedan Chrysler DETROIT — Chrysler will bid farewell to its once-prominent 300 sedan by resurrecting a limited edition performance version of the car for its last year of production. The 2023 Chrysler 300C will be powered by a 6.4-liter V-8 Hemi engine that produces 485 horsepower and 475 foot-pounds of torque, according […]
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