Detroit
GM to spend $19 billion through 2035 to source EV battery materials from LG Chem
2025 Cadillac Escalade IQ GM DETROIT – General Motors plans to spend $19 billion over roughly the next decade through a new supplier deal to source critical materials for use in electric vehicle batteries from LG Chem, the companies said Wednesday. The long-term supplier contract will see LG Chem supply GM with more than 500,000 […]
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Ford is reassessing its EV plans, including vertical battery integration
A Ford Mustang Mach-E GT compact sports utility vehicle during the 2022 New York International Auto Show in New York on April 14, 2022. Michael Nagle | Bloomberg | Getty Images DETROIT — Ford Motor is rethinking its electric vehicle strategies, including “reassessing” the need for vertical integration of batteries, CEO Jim Farley said Tuesday. […]
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Ford Motor is set to report earnings after the bell. Here's what Wall Street expects
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT — Ford Motor is announcing fourth-quarter and 2023 earnings after the markets close Tuesday. Here’s what Wall Street expects, based on average analysts’ fourth-quarter estimates compiled by LSEG, formerly […]
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GM to release plug-in hybrid vehicles, backtracking on product plans
General Motors reveals the new 2016 Chevrolet Volt to the media at the 2015 North American International Auto Show on January 12, 2015 in Detroit, Michigan. Getty Images DETROIT – General Motors is changing its product lineup strategy to include plug-in hybrid electric vehicles, CEO Mary Barra told investors Tuesday. Barra did not disclose specific […]
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GM unveils 2025 Chevy Equinox with new rugged design, standard heated seats
The 2025 Chevrolet Equinox RS. Chevrolet DETROIT — General Motors is redesigning its gas-powered Chevrolet Equinox crossover to look more rugged than its predecessors in an attempt to move the vehicle upmarket and attract new buyers. The 2025 Equinox, which GM revealed Tuesday, will feature additional standard safety and convenience features. Brad Franz, director of […]
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Stellantis CEO says automaker won't sell EVs at a loss like other carmakers
Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023. David Dee Delgado | Reuters Stellantis won’t sell electrified vehicles such as hybrids and all-electric models at a loss like other automakers have, CEO Carlos Tavares said Friday. Tavares, who has […]
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10 years in, GM CEO Mary Barra has built her legacy on change and crisis. 2024 will be no different
Mary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Monday marks 10 years of Mary Barra’s tenure as CEO of General Motors, ushering in a crucial year for the Detroit automaker and for her legacy. Over the past decade, Barra has been a dynamic executive, […]
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Flight cancellations pile up as winter storm, 737 Max 9 grounding disrupt travel
An Embraer E175LR passengers aircraft of American Eagles airlines (C) taxxing before take-off to Pittsburg is seen at La Guardia Airport on January 9, 2024. Charly Triballeau | Afp | Getty Images Airlines canceled about 2,000 U.S. flights Friday as they grapple with winter weather and the grounding of Boeing 737 Max 9 planes. Storms […]
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Used car prices are still high, but they're expected to stabilize in 2024
Used cars for sale at Lee Auto Mall on Wednesday, August 16, 2023. (Staff photo by Brianna Soukup/Portland Press Herald via Getty Images) Brianna Soukup | Portland Press Herald | Getty Images DETROIT – Used vehicle prices are expected to stabilize this year, after buyers of pre-owned cars and trucks got more relief in 2023 […]
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A compact crossover is coming for America's pickup trucks. Here are the top-selling cars of 2023
2023 Ford Super Duty F-350 Limited Ford DETROIT – America maintained its love affair with pickup trucks in 2023 — but a top-selling vehicle from Toyota Motor nearly ruined their tailgate party. Sales of the Toyota RAV4 compact crossover came within 10,000 units of Stellantis‘ Ram pickup truck last year, a near-No. 3 ranking that […]
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