Ford Motor Co
Ford’s February profits bounce 22% from subdued benefits in 2022
Ford Motor Co., CEO Jim Farley presents the thumbs up indication prior to saying Ford Motor will husband or wife with Chinese-dependent, Amperex Technologies, to create an all-electrical vehicle battery plant in Marshall, Michigan, throughout a press convention in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters DETROIT – Ford Motor’s February product sales […]
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General Motors cuts 500 salaried employees
Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors is cutting hundreds of salaried positions as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits. The cuts affect about 500 positions, according to a person familiar with the plans, which were […]
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Biden faucets CEOs of 3M, CVS, FedEx, Citi, some others to be part of his Export Council on trade
US President Joe Biden fulfills with CEOs about the financial state in the South Court docket Auditorium of the Eisenhower Govt Office environment Making, future to the White Residence, in Washington, DC on July 28, 2022. Mandel Ngan | AFP | Getty Photos U.S. President Joe Biden has appointed the heads of Citigroup, United Airways, […]
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UAW leadership faces historic upheaval ahead of union negotiations with Detroit automakers
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – As the United Auto Workers prepares for what are expected to be highly contentious negotiations with the Detroit automakers later this year, the union’s leadership is undergoing its largest upheaval […]
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Ford suspends electric F-150 Lightning production for another week following battery fire
Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Bill Pugliano | Getty Images News | Getty Images DETROIT […]
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Nikola will offer a driver-assist system for its trucks starting next year
Nikola Motor Company Two truck Source: Nikola Motor Company Nikola will begin offering an advanced driver-assist system on its electric heavy trucks starting late next year, the company said Wednesday. The system, made by Plus and called PlusDrive, is similar to the highway driving systems offered by automakers including Tesla, General Motors and Ford Motor […]
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Nikola will offer a hands-free highway driving system for its trucks starting next year
Nikola Motor Company Two truck Source: Nikola Motor Company Nikola will begin offering an advanced driver-assist system on its electric heavy trucks starting late next year, the company said Wednesday. The system, made by Plus and called PlusDrive, is similar to the hands-free highway driving systems offered by automakers including Tesla, General Motors and Ford […]
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Ford warned F-150 Lightning owners about separate EV battery issue before this month’s fire
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – A defective battery that caused a Ford F-150 Lightning in the company’s possession to catch fire earlier this month isn’t the only problem the Detroit automaker has recently […]
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Renault CEO concerns knowledge of electric motor vehicle selling price cuts
Renault CEO Luca de Meo on Thursday questioned the knowledge of cost cuts rivals have been employing in a bid to bolster current market share for their electric auto fleets. “We have noticed competition going price ranges up and down, etcetera, etcetera this is their choice. But I really don’t believe it is really a […]
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5 things to know before the stock market opens Thursday
Traders work on the floor of the New York Stock Exchange. NYSE Here are the most important news items that investors need to start their trading day: 1. Muddling through The bulls are mucking through an inconclusive week. Retail sales came in hotter than expected Wednesday, which should, in theory, feed worries that the Federal […]
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