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 is laying off more than 1,000 salaried […]
GM lays off more than 1,000 salaried software and services employees Read More »
Cadillac Opulent Velocity concept EV Cadillac DETROIT — General Motors on Friday revealed a new all-electric Cadillac concept car designed to preview how the automaker plans to keep its high-performance V-Series vehicles relevant for EVs. The vehicle is called “Opulent Velocity.” True to the name, Cadillac says it’s a balance of ultra-luxury and performance for
Cadillac reveals new ‘Opulent Velocity’ performance EV concept Read More »
NASHVILLE, Tenn. — Former President Donald Trump’s highly anticipated keynote address at the biggest bitcoin gathering of the year late last month started over an hour late. As the crowd of investors, enthusiasts and the crypto-curious grew increasingly antsy in Nashville, Elon Musk’s private jet was touching down 200 miles away in Memphis, Tennessee. It
Musk-Trump alliance: Why the onetime enemies are teaming up to win the White House Read More »
2023 Ford Super Duty F-350 Limited Ford DETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor. The Dearborn, Michigan-based automaker has turned its fleet business, which includes sales to commercial, government and rental customers, into an earnings powerhouse. And Ford’s
Ford turns ‘dirty’ business into a profit driver. GM and Stellantis are taking notice Read More »
New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot on October 03, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images DETROIT – The last time shares of Ford Motor dropped by more than 18% in a day, as they did last week, the U.S. automotive industry was on
Ford, GM, Stellantis face a daunting second half of 2024 Read More »
A Ford Bronco on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future performance. Shares of Ford were off by more than 17% in early
The Ford display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor came in well short of Wall Street’s second-quarter earnings expectations, while beating on revenue, due to warranty costs that have plagued the automaker for several years now. The automaker increased its target for
Ford shares plummet 12% after massive earnings miss Read More »
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024. Michael Wayland / CNBC DETROIT – General Motors said Tuesday it is again slowing its plans for all-electric vehicles by further delaying a second U.S. electric truck plant and the Buick brand’s first EV. The six-month delay
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023. Brandon Bell | Getty Images DETROIT — General Motors is set to report second-quarter results before the bell Tuesday. Wall Street expects GM to be the standout among the traditional Detroit automakers, with
General Motors is set to report earnings before the bell Read More »
GM CEO and Chair Mary Barra speaks during an “EV Day” on March 4, 2020, at the company’s tech and design campus in Warren, Michigan, a suburb of Detroit. GM General Motors‘ goal of being capable of producing 1 million all-electric vehicles in North America by the end of 2025 in heavily in doubt, following
GM’s 2025 EV production capacity target in doubt after Barra comments Read More »
