Ford's salaried job cuts are aimed at improving the automaker’s efficiency and are not related to rising costs from the coronavirus pandemic, Bloomberg reported. An announcement could come as early as this week, people familiar with the matter said.
A spokesman declined to disclose the number of jobs being axed but noted the cuts do not affect the automaker's assembly plant in Spartanburg, S.C.
The success of the splits for Tesla and Apple could lead CEOs of other companies with high-priced stocks to consider their own splits. Tesla's stock has surged more than 70 percent since its split was announced on Aug. 11.
The automaker, which had been producing the devices in conjunction with General Electric, shipped its final unit on Friday to help fight the coronavirus pandemic.
The automakers said they plan demonstration testing of the mobile power generation system, so it can be delivered "anytime and anywhere."
The success of the splits for Tesla and Apple could lead CEOs of other companies with high-priced stocks to consider their own splits. Tesla's stock has surged more than 70 percent since its split was announced on Aug. 11.
The e-commerce platform for buying and selling used cars plans a new inspection, reconditioning and distribution facility near Cleveland.
Private equity firm Grouper plans to acquire all of Shiloh's assets in a bankruptcy court sales process for about $218 million in cash. GM is the supplier's largest customer, generating 17.4 percent of its revenue last year.
Masuko joined Mitsubishi Motors in 2004 and became president in 2007. He oversaw the creation of the partnership between Mitsubishi and Nissan. He died last week at age 71.
Private equity firm Grouper plans to acquire all of Shiloh's assets in a bankruptcy court sales process for about $218 million in cash.
The Second U.S. Ciricut Court of Appeals in a 3-0 decision said NHTSA did not make a timely decision to reconsider the penalties.
The $1.5 billion raised in NIO’s latest stock offer will be partly used to increase the company’s interest in NIO China. Funds will also be spent on R&D into autonomous driving technologies as well as other general corporate purposes.
Masuko resigned from the automaker just weeks ago citing health reasons. He was 71.
The automaker has pioneered new production techniques to churn out sporty, niche vehicles for the GR performance subbrand in the latest push to deliver ever-better, more exciting cars.
The Lunar Cruiser -- an extraterrestrial shoutout to the brand's Earth-bound Land Cruiser -- will be the ultimate test of Toyota's talent in making durable, reliable vehicles.
For dealerships, the storm arrived at a time of low used-vehicle inventory and high prices because of the ongoing coronavirus pandemic.
Gentex's Full Display Mirror houses a recorder that can store as much as two hours of driving video taken from front- and rear-facing cameras. It automatically captures accident video.
Add mayfly mayhem to the list of auto industry woes in 2020. GM blames the insects for stubborn black residue on more than 2,600 Chevrolet Tahoes and GMC Yukons.
As its rivals pour billions into battery plants, Ford is content to supply its EVs through more traditional means.
In the past couple weeks, retail used-vehicle prices have been climbing faster than wholesale prices, which have been at record levels.
CEO Makoto Uchida predicts the carmaker's flagging fortunes will start to turn around in the January-March quarter, putting the company on track to return to profitability.
Despite a delay caused by the COVID-19 pandemic, the exotic brand's electrified future is coming into better focus, thanks to its upcoming plug-in hybrid model.
The compact crossover goes on sale late this year in the U.S., though initial supplies from the single German factory supplying Europe and North America may be constrained. The ID4 is to be revealed globally Sept. 23.
The automaker's Five Continents Drive came to an inglorious early end this year because of COVID-19. But the seven-year road trip was still a big success. Now comes the second phase.
With the rise of digital sales, such information has never been more important to the wholesaling process.
