Electric cars are drawing attention and Chinese automakers are to the fore.
The Ford Motor Co. announced Thursday morning that it’s going to “transform” its operations in Europe. That means the automaker will close plants, stop producing some models and lay off what a Ford executive called a “significant number” of its 50,000 European employees. Ford’s been in Europe for more than a century. It’s also the […]
Car sales figures for last month are coming out today, but automakers are focusing on the future, especially since President Donald Trump has threatened tariffs of up to 25 percent on imported cars. GM says if tariffs land, its cars will cost up to $6,000 more, and the company would have to lay off workers. […]
Car sales in the U.S. are down, compared to last year, for the fourth straight month. That’s largely across the board. Ford, GM, Fiat-Chrysler and Toyota all reported lower sales. That means the bonanza that the auto industry has been enjoying for the past several years may be cooling off. That means dealership lots are […]
Recent sales reports point to a plateau in vehicle sales in the U.S.