automaker News Updates

Business, Technology, Autonomous

Jim Farley Becomes New Ford CEO, Pledges Stronger Profit Margins

On his first day in Ford’s top job, CEO Jim Farley is replacing the company’s chief financial officer and announcing other structural and management changes.

October 1, 2020
Business

US Automakers Dig Out of Pandemic Hole as Prices Soar

Automakers are climbing out of the ditch they fell into this spring, with U.S. auto sales expected to rebound strongly in the third quarter thanks to cheap borrowing costs and a shift toward private transportation amid the pandemic.

September 30, 2020
Business, Technology, Logistics

Ford CEO’s Vow for Flawless Launches Tested by High-Stakes F-150

Ford Motor Co. is gearing up for an intricate, two-phase overhaul of factories for its most profitable vehicle, putting to the test a pledge by incoming CEO Jim Farley for flawless execution.

August 24, 2020
Business

GM’s CFO Resigns to Join Fintech Startup Stripe

General Motors Co.’s chief financial officer is stepping down after two years to take a job at a financial technology company in an unexpected move prompting the automaker to appoint an acting successor.

August 11, 2020
Government, Business, Fuel

Automakers Split in Legal Fight Over Trump’s Fuel Economy Rules

Four automakers backing a California effort to curb tailpipe emissions will break with some big rivals in the legal battle over the Trump administration’s relaxation of fuel efficiency standards.

June 26, 2020
Government, Business

DOJ Defends Autos Probe Ahead of House Inquiry on Enforcement

The U.S. Justice Department denied politics played a role in its decision last year to open an antitrust investigation of four automakers that reached an agreement with California on fuel-efficiency standards.

June 22, 2020
Business, Equipment, Safety

Detroit Carmakers to Resume Pre-COVID Output to Meet Demand

Detroit’s automakers are gearing up for full production as they race to make up for lost output and meet stronger-than-expected demand.

June 19, 2020
Business, Equipment, Safety

Ford Sees Plants Resuming Pre-Virus Production Within Weeks

Ford Motor Co. expects its U.S. plants will come all the way back from coronavirus-related shutdowns within the next month, a top executive said.

June 10, 2020
Business

VW Board Backs CEO to Ease Tensions After Turmoil

Volkswagen AG’s supervisory board accepted an apology from CEO Herbert Diess, with the unusual public statement reflecting the tension caused by an internal dust-up.

June 9, 2020
Government, Business

SUVs and Trucks Solidify Command of Recovering US Auto Market

Sport utility vehicles and trucks are dominating U.S. auto sales like never before as carmakers start to recover from the biggest shock to their industry in decades.

June 3, 2020