Detroit
Why car insurance costs are skyrocketing and leading to higher inflation
RobertCrum | Getty Images DETROIT – Skyrocketing auto insurance costs helped contribute to inflation accelerating at a faster-than-expected pace in March and are adding to the ever more expensive costs for U.S. vehicle owners. On a monthly basis, car insurance prices as part of the consumer price index rose by an unadjusted 2.7%, while the […]
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Ford to delay all-electric powered SUV to target on offering hybrid vehicles throughout its lineup by 2030
Ford CEO Jim Farley at a battery lab for the automaker in suburban Detroit, saying a new $3.5 billion electric powered car or truck battery plant in the state to deliver lithium iron phosphate batteries, Feb. 13, 2023. Michael Wayland/CNBC DETROIT – Ford Motor is delaying generation of a new all-electric powered a few row […]
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GM U.S. vehicle sales fall 1.5% during the first quarter, underperforming other major automakers
The 2024 Buick Envista. GM DETROIT — General Motors on Tuesday reported a 1.5% decline in first-quarter U.S. vehicle sales compared to a year ago, as the overall auto industry normalizes after years of disruptions and volatile results. The Detroit automaker said the decline to 594,233 vehicles sold during the first three months of the […]
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What investors should know about the U.S. easing vehicle emissions rules
President Joe Biden speaks at the United Auto Workers political convention at the Marriott Marquis in Washington, D.C., Jan. 24, 2024. Saul Loeb | AFP | Getty Images DETROIT — The Biden administration’s decision to ease its timeline for all-electric vehicle adoption and give automakers more ways to meet new tailpipe emissions standards is expected […]
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Chrysler parent Stellantis laying off 400 salaried U.S. workers due to 'unprecedented uncertainties'
The Stellantis sign is seen outside the FCA Headquarters and Technology Center in Auburn Hills, Michigan, on Jan. 19, 2021. Jeff Kowalsky | Afp | Getty Images DETROIT – Stellantis is laying off roughly 400 salaried employees in the U.S. in its engineering, technology and software units to cut costs as the automaker faces what […]
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UAW says VW workers at Tennessee plant file for union election
A VW EV ID.4 cross-over at Volkswagen of America plant in Chattanooga, TN, June 8, 2022. Michael Wayland | CNBC DETROIT – Volkswagen workers at a plant in Tennessee have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers, the union announced Monday. The filing comes […]
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GM hires ex-Tesla, Google exec to replace retiring head of manufacturing
General Motors Executive Vice President Global Manufacturing and Labor Relations Gerald Johnson (middle) watches as engineers and technicians set-up and test the machines that will be used to manufacture Level 1 face masks at a plant in Warren, Michigan. Photo by John F. Martin for General Motors DETROIT – General Motors’ long-time head of manufacturing […]
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GM cuts Chevy Blazer EV price as sales restart following software issues
Chevrolet All-Electric Blazer EV Scott Mlyn | CNBC DETROIT – General Motors is reducing the price of its new Chevrolet Blazer EV by thousands of dollars as it restarts sales of the vehicle Friday following an 11-week stoppage to address software issues. Current 2024 Blazer EV models will start at $50,195, or $6,520 less than […]
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Ford sales jump 10.5% in February, led by gains in hybrids and EVs
A 2022 Ford Motor Co. Maverick compact pickup truck during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022. Al Drago | Bloomberg | Getty Images DETROIT – Ford Motor’s U.S. sales jumped 10.5% last month compared with February 2023, led by increases in its hybrid and all-electric vehicles sales. The Detroit […]
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Chrysler reveals new Halcyon concept car as direction for future EVs
The Chrysler Halcyon concept car. Stellantis DETROIT — Chrysler revealed the direction of its future products on Tuesday with a new concept car called “Halcyon,” as the once prominent auto company attempts to drum up attention amid a dearth of new products. The concept car is a sleek, future-looking sports car that’s designed to incorporate […]
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