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Keyword: automakers

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  • California grants another extension to BYD in delivering $1B order of N95 masks

    06/06/2020 3:50:28 AM PDT · by blueplum · 8 replies
    LATimes via msn ^ | 06 Jun 2020 | Melody Gutierrez
    Two months after Gov. Gavin Newsom announced a nearly $1-billion deal with Chinese automaker BYD to purchase respirators, California has yet to receive any of the much-needed N95 masks. And on Friday, state officials announced that they would give the company a second extension to deliver on its promise... ...While state lawmakers said they understood the state's desire to buy the critical supplies, the governor received bipartisan blowback for how his administration handled the deal. Lawmakers said they learned about the $1-billion contract at the same time as the public, when Newsom went on MSNBC's The Rachel Maddow Show...The governor’s...
  • Kudlow says GM CEO offers to make ventilators in shuttered auto factories

    03/18/2020 4:45:10 PM PDT · by yesthatjallen · 66 replies
    The Hill ^ | 03 18 2020 | Zack Budryk
    White House economic adviser Larry Kudlow said Wednesday that General Motors CEO Mary Barra offered the automakers’ shuttered factories to produce ventilators to address the coronavirus crisis. Barra reportedly made several suggestions for how GM could assist the government, including using factory space for ventilator production, a person familiar with the matter told Bloomberg, adding that the government has yet to formally request the use of GM facilities. The automaker “is working to help find solutions for the nation during this difficult time and has offered to help, and we are already studying how we can potentially support production of...
  • GM Wants to Produce a Lot of (electric) Cars — and Less of Everything Else

    02/07/2020 6:23:52 AM PST · by karpov · 95 replies
    Barron's ^ | February 6, 2020 | Al Root
    General Motors, the auto maker that sells millions of cars and trucks each year, has a new production target: zero. CEO Mary Barra hasn’t lost her mind. Instead, GM’s goal is a future with zero crashes, zero emissions and zero congestion, the company said at an investor event following the release of its fourth-quarter earnings. It’s a bold vision to say the least. Zero EmissionsNo greenhouse gases coming from a tail pipe, of course, is all about vehicle electrification. GM, it seems, is leaving the traditional motor behind. “We believe climate change is real, it’s a global concern and the...
  • GM to revive Hummer name with electric pickups, SUVs: sources

    01/10/2020 1:17:46 PM PST · by Oldeconomybuyer · 36 replies
    Reuters ^ | January 10, 2020 | by David Shepardson
    General Motors Co will revive the Hummer name to sell a new family of electric pickup trucks and sport utility vehicles and will tout the return with a Super Bowl ad featuring NBA star Lebron James, two people briefed on the matter said on Friday. The vehicles will be sold under the GMC nameplate. Reuters reported in October that GM planned to build a new family of premium electric pickup trucks at its Detroit-Hamtramck plant beginning in late 2021 and was considering reviving the Hummer name, citing several people familiar with the plans.
  • Ford to add 3,000 jobs in the Detroit area, invest $1.45B

    12/17/2019 9:45:03 AM PST · by McGruff · 6 replies
    AP ^ | 12/17/2019 | TOM KRISHER
    Ford Motor Co. is adding 3,000 jobs at two factories in the Detroit area and investing $1.45 billion to build new pickup trucks, SUVs, and electric and autonomous vehicles. The company said Tuesday that about $750 million will go the Michigan Assembly Plant in the Detroit suburb of Wayne, where 2,700 jobs will be added during the next three years. Another $700 million will be invested in the truck plant in Dearborn, Michigan, where 300 new jobs will be added. Hiring will begin next year.
  • ‘Ford v Ferrari’ shows how masculinity can make the world a better place

    11/23/2019 6:21:06 PM PST · by Rummyfan · 44 replies
    NY Post ^ | 23 Nov 2019 | Kyle Smith
    The new film “Ford v Ferrari” is a celebration of three of the most important energy sources in the world: capitalism, gasoline and testosterone. The race-car drama flattened the latest tired, feminist iteration of “Charlie’s Angels” last weekend at the box office, proving that there’s an appetite for stories that haven’t been told a thousand times before and also for good old star luster, embodied by Christian Bale as British racer Ken Miles and Matt Damon as the Texas racer turned car designer Carroll Shelby. Yet “Ford v Ferrari” isn’t just a fun movie about pressing the pedal to the...
  • GM Hits Fiat Chrysler with Bombshell Corruption Lawsuit

    11/21/2019 8:58:43 AM PST · by fishtank · 14 replies
    IEN ^ | 11-21-19 | Alex Shanahan, Anna Wells
    GM Hits Fiat Chrysler with Bombshell Corruption Lawsuit by Alex Shanahan, Anna Wells 11-21-2019 "GM says Fiat Chrysler has been in cahoots with the UAW for years, and it's cost them billions."
  • California to stop buying GM, Toyota and Fiat Chrysler vehicles over emissions fight

    11/18/2019 12:41:10 PM PST · by SunkenCiv · 110 replies
    Reuters via Yahoo ^ | November 18, 2019 | David Shepardson (editing by Tom Brown)
    California said on Monday it will halt all purchases of new vehicles for state government fleets from GM, Toyota and Fiat Chrysler and other automakers backing President Donald Trump in a battle to strip the state of authority to regulate tailpipe emissions. Between 2016 and 2018, California purchased $58.6 million in vehicles from General Motors Corp, $55.8 million from Fiat Chrysler Automobiles $10.6 million from Toyota Motor Corp and $9 million from Nissan Motor Co. Last month, GM, Toyota, Fiat Chrysler and members of the Global Automakers trade association backed the Trump administration's effort to bar California from setting tailpipe...
  • Fiat Chrysler agrees mega-merger with Peugeot, Citroen and Vauxhall- [tr]

    10/31/2019 6:21:39 AM PDT · by C19fan · 68 replies
    UK Daily Mail ^ | October 31, 2019 | Simon Lambert
    Two of the world's biggest car companies Fiat Chrysler and PSA - the owner of Peugeot, Citroen and Vauxhall - confirmed that they have agreed a merger today. The move would tie together Fiat Chrysler's major position in North America and PSA's status as Europe's second largest carmaker, to create the world's fourth biggest vehicle firm. The firms say that they could save £3.2billion (€3.7billion or $4.1billion) in costs with the merger, but claim they could do this without any factory closures. However, the deal is likely to face fierce scrutiny as employees and unions fear that it would lead...
  • UAW to go on strike after negotiations with GM fall through

    09/15/2019 8:34:09 AM PDT · by springwater13 · 152 replies
    The UAW announced Sunday morning that it would strike "effective at midnight tonight" after contract negotiations fell through. During a press conference on Sunday, the union's vice president said it informed GM that its membership would follow through after the contract ended Saturday at 11:59 p.m.. "This is our last resort," said VP Terry Dittes. A spokesman said the strike impacts about 48,000 UAW workers at GM plants across the country.
  • Trump attacks General Motors over China, US employment

    08/30/2019 11:06:05 AM PDT · by Berlin_Freeper · 20 replies
    cnbc.com ^ | August 30, 2019 | Michael Wayland
    President Donald Trump on Friday attacked General Motors for its significant presence in China and questioned whether the automaker should move the operations to the U.S. Trump, in a tweet, said GM, “once the Giant of Detroit, is now one of the smallest auto manufacturers there. They moved major plants to China, BEFORE I CAME INTO OFFICE. This was done despite the saving help given them by the USA. Now they should start moving back to America again?” Many of the claims in the tweet against the Detroit automaker were misleading or inaccurate, according to industry data and officials.
  • Lee Iacocca Dead at 94

    07/02/2019 6:31:46 PM PDT · by blueyon · 74 replies
    TMZ ^ | 7/02/19 | TMZ???
    Auto industry icon Lee Iacocca -- forever connected to the Ford Mustang and former chairman of Chrysler -- has died ... according to a family source. A family member tells TMZ Iacocca passed away, but could not provide any further detail. Iacocca is credited with saving Chrysler from bankruptcy back in the 1980s ... and he's often referred to as the father of the legendary Ford Mustang. While he was always known within the auto industry ... he became a household name across America when he starred in a series of TV advertisements for Chrysler.
  • Sen. Gary Peters proposes federal agency to boost manufacturing industry

    06/21/2019 9:09:27 AM PDT · by Cletus.D.Yokel · 37 replies
    https://www.mlive.com/#news ^ | 21JUN2019 1106 | Malachi Barrett
    Michigan automakers, parts suppliers and advanced manufacturers have worked hard to innovate, Peters said, but need a strategy backed by policy guidelines and federal investment to remain world leaders in manufacturing. “Other nations identify their goals, their plans, and then execute,” Peters said. The United States, on the other hand, has no comprehensive national manufacturing policy and no key person in charge of guiding U.S. manufacturers through the tumultuous changes that lie ahead."
  • Tesla is at risk of bankruptcy if the stock falls by 20%

    05/23/2019 6:08:16 AM PDT · by artichokegrower · 32 replies
    American Thinker ^ | May 23, 2019 | Chriss Street
    Tesla CEO Elon Musk, who borrowed $517 million on margin to buy more stock, potentially would be forced to liquidate all his shares and risk bankrupting Tesla if the price falls by 20 percent.
  • Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

    05/20/2019 8:19:49 AM PDT · by yesthatjallen · 49 replies
    Reuters ^ | May 20, 2019 | Ben Klayman
    Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually. Ford Chief Executive Officer Jim Hackett said in an email to employees that the cuts include both voluntary buyouts and layoffs, and a spokesman added it freezes open positions as well. About 2,300 of the affected people are employed in the United States, the spokesman said. “To succeed in our competitive industry, and position Ford to...
  • After second recall, Toyota Prius electrical system is still overheating

    04/15/2019 2:31:04 AM PDT · by Libloather · 60 replies
    LA Times ^ | 4/14/19 | RALPH VARTABEDIAN
    Jordan Felo had just finished hiking in the local mountains outside Portland, Ore., several weeks ago and was headed home in his 2010 Toyota Prius when it suddenly lost power and slowed to a crawl. Felo had taken the Prius to a Toyota dealer a few weeks earlier for a 2018 safety recall. New software was installed to fix an overheating problem in the electrical power system. Yet when Felo hit the accelerator pedal, a key electronic component called an inverter overheated and fried itself. “I was lucky nobody was behind me because I would have been rear-ended,” recalled Felo,...
  • Lawyer for Nissan's ex-chair Ghosn clarifies bail conditions

    04/07/2019 4:57:36 AM PDT · by grey_whiskers · 7 replies
    Associated Press ^ | April 6, 2019 | YURI KAGEYAMA
    TOKYO — A lawyer for Nissan former Chairman Carlos Ghosn, who was taken back into custody last week, has outlined the conditions for his initial release on bail in an effort to clarify what he called incorrect speculation in the Japanese media. Ghosn, accused of financial misconduct, was arrested in November, but released in March. He was detained again on fresh allegations Thursday. It is unusual in Japan for a suspect who cleared bail to be arrested again.
  • Tesla vehicle sales dropped 31% last quarter

    04/04/2019 9:36:56 AM PDT · by Lurch Addams · 53 replies
    CNN ^ | 4/03/2019 | CNN
    Tesla on Wednesday reported a massive drop in auto sales for last quarter, though the company said it's confident it will still reach its annual sales goal. About 63,000 vehicles were delivered to customers in the first three months of 2019 — a 31% drop compared to the prior quarter. The total sales figures included about 50,900 Model 3 sedans, Tesla's best-selling vehicle, and 12,100 luxury Model S sedans and Model X SUVs.
  • Ford to build new factory in Michigan for autonomous vehicles; 900 new jobs expected

    03/20/2019 10:07:02 AM PDT · by SeekAndFind · 34 replies
    CNBC ^ | 03/20/2019 | Phil Le Beau
    Ford is building a new plant in Michigan for autonomous vehicles as the company realigns some factories to focus on its future lineup of self-driving and electric cars. The new facility, scheduled to open in the next two years, will take new commercial-grade hybrid models and incorporate the self-driving technology needed to turn them into autonomous vehicles. Ford is still considering where to build the AV finishing center and has not said how many people will work there. “This facility will be about more than just putting the brains into these autonomous vehicles,” said Joe Hinrichs, Ford’s president of global...
  • Trump calls GM's CEO Mary Barra in push to reopen Ohio auto plant

    03/18/2019 10:47:23 AM PDT · by Red Badger · 26 replies
    FOX News ^ | 03-18-2019 | Staff
    WASHINGTON – President Donald Trump stepped up his pressure on General Motors to reopen an Ohio manufacturing plant that recently closed and put 1,700 people out of work. Trump's arm-twisting came in a series of separate tweets on Saturday and Sunday . He capped his weekend rant against the GM with a tweetdisclosing that he had vented his frustrations during a conversation with the company's CEO, Mary Barra. "I am not happy that it is closed when everything else in our Country is BOOMING," Trump wrote. "I asked her to sell it or do something quickly. She blamed the UAW...