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DETROIT AUTOMAKERS
Ford shares soar after Morgan Stanley’s bullish call on energyFord shares jumped as much as 15% after Morgan Stanley highlighted strong potential in its energy storage business. The broker sees possibl...- House lawmakers introducing bill to toughen US ban on Chinese vehiclesU.S. lawmakers are introducing legislation to strengthen the ban on Chinese automakers entering the American market, building on a Biden ad...
- GM to cut some tech jobs: BloombergThe move will affect about 500 to 600 employees, according to the report, which cites people familiar with the matter.
- US industry, lawmakers plead with Trump: Don't open door to Chinese cars at Xi summitU.S. industry groups and bipartisan lawmakers are urging President Trump not to allow Chinese auto investments, citing concerns over market...
- Carmakers bank on $2.3 billion in future tariff refunds, risking Trump's ireCar companies are booking billions in expected tariff refunds. This move boosts their first-quarter profits on paper. However, automakers r...
- Trump-Tehran, EVangelist for Us – time to charge the battery techEven as conflict and chaos linger in West Asia, India is witnessing a happy confluence of choice, cause and cost. This is a once in a lifet...
- Beijing auto show: Chinese EV makers target Europe’s luxury car turfChinese car makers are now targeting premium customers. Brands like Geely and Nio are launching advanced electric and hybrid vehicles. Thes...
- US weighs tougher auto import rules to accelerate reshoringThe Donald Trump administration is considering changes to North American trade rules that could raise tariffs on imported vehicles and push...
- Doug Field, Apple and Tesla veteran, quits as Ford’s EV, tech chiefDoug Field, a former Tesla and Apple executive leading Ford’s EV and tech efforts, will leave next month after nearly five years. Hired to ...
- Trump's 25% auto tariffs could cost US automakers $108 billion, study findsA new analysis reveals that President Trump's 25% auto tariffs, implemented in early April, will significantly increase costs for U.S. auto...
- UAW shuts down Ford's biggest plant; Stellantis talks resumingU.S. auto workers are expected to resume talks with Stellantis, the parent company of Chrysler, after a surprise walkout at Ford's largest ...
- What's at stake as 13,000 workers go on strike at major US auto makersApproximately 13,000 auto workers have gone on strike at three factories after failing to reach an agreement with Detroit's automakers. The...
- About 13,000 workers go on strike seeking better wages and benefits from Detroit’s three automakersThe strike is the first time in the union's history that all three companies have been affected simultaneously. The demands of the UAW incl...
- General Motors lays off several hundred full-time contract workersGeneral Motors Co has laid off several hundred full-time contract workers at its engineering hub in suburban Detroit over the weekend, the ...
- General Motors 2020 profit drops, but it makes $6.43 billion despite pandemicThe Detroit automaker said Wednesday it made $6.43 billion as demand for its vehicles surged late in a year dominated by coronavirus upheav...
- Ford Motor to repay $4bn more in debtFord Motor Co., the only Detroit automaker to avoid bankruptcy protection, said Wednesday it will reduce its huge debt by another $4 billio...
- Nov auto sales in US shrink to worst since '82US auto sales plunged 37% in Nov to their worst level in more than 26 years, dashing expectations that this dismal year for vehicle demand ...
- UAW to renegotiate contract terms, end jobs bankUnited Auto Workers President Ron Gettelfinger said Wednesday that the union is willing to change its contract and will delay billions of d...
- Nissan withdraws from Detroit, Chicago auto showsNissan Motor Co said that it is pulling out of the Detroit and Chicago auto shows, citing the tough economy and the lack of new vehicles to...
- Rising labour cost hits US automakers’ marginsThe three big Detroit automakers will seek unprecedented concessions from the United Auto Workers union in contract negotiations, The Wall ...
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