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Marketplace Morning Report
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Make Me Smart with Kai and Molly
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Marketplace Morning Report
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Ford invests $500 million in Rivian EV pickup truck

by Meghan McCarty Carino Apr 24, 2019
Will battery charge pose a challenge?
Rivian Unveils First-Ever Electric Adventure Vehicle Before Its Official Reveal At The LA Auto Show at Griffith Observatory on November 26, 2018 in Los Angeles, California.
Phillip Faraone/Getty Images for Rivian

Why Detroit is going all-in on heavy-duty trucks

by Ben Bradford Feb 6, 2019
General Motors this week announced plans to build a new heavy-duty Chevy Silverado pickup truck in Michigan as it cut 4,000 jobs.
The heavy-duty chassis of the new General Motors 2020 Chevy Silverado HD is shown at the GM Flint Assembly Plant on February 5, 2019 in Flint, Michigan.
Bill Pugliano/Getty Images

Kansas City’s auto industry is thriving thanks to the popularity of trucks

by Peggy Lowe Jan 24, 2019
While layoffs in the auto industry have dominated headlines, there are places where the U.S. automotive industry is doing pretty well.
Kansas City's auto industry is booming thanks, in part, to the popularity of pickup trucks like the Ford F-150.
JEFF KOWALSKY/AFP/Getty Images

Ford plans to close plants and slash its workforce in Europe

by Justin Ho Jan 10, 2019
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…

Why is the Motor City encouraging e-scooters?

by Eli Newman Dec 28, 2018
For a city that built its name on car production, it might seem a little counterintuitive that Detroit would take such a liking to electric scooters. But Ford Motor Co. is getting into the game with its recent acquisition of e-scooter…
A user rides a Spin scooter in San Francisco.
Justin Sullivan/Getty Images

Why American auto companies no longer want to sell actual cars

by Janet Nguyen Nov 26, 2018
The Big Three — Ford, GM and Chrysler — are moving away from car sales in the U.S. and instead focusing on bigger vehicles like SUVs and pickup trucks for the American market.
Chevrolet Cruze cars offered for sale in Lyons, Illinois.
Scott Olson/Getty Images

Ford jumps into scooter wars with purchase of Spin

by Meghan McCarty Carino Nov 8, 2018
The automaker will compete with rideshare giants Uber and Lyft and early innovators Bird and Lime
A user rides a Spin scooter in San Francisco.
Justin Sullivan/Getty Images

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U.S.-imposed tariffs are hitting American firms’ bottom line

by Renata Sago Sep 27, 2018
The CEO of one of the nation’s largest automakers says metal tariffs imposed by the Trump administration earlier this year have cost his company $1 billion in profits and sales. Ford boss Jim Hackett made the comment at a gathering…
Jim Hackett, president and chief executive officer, Ford Motor stands outside the headquarters as they celebrate the production of the 10,000,000 Mustang on August 8, 2018 in Dearborn, Michigan.
JEFF KOWALSKY/AFP/Getty Images

Trade war forces automakers Ford and Volvo to cancel big plans

by Scott Tong Sep 10, 2018
President Donald Trump’s tariffs — and talk of more — are driving global automakers to make some big decisions. Volvo, which has a Chinese parent company and makes a couple vehicles on the mainland there, canceled a planned initial public offering…
This photo taken on May 22, 2018 shows an imported Ford Mustang displayed at a showroom in Nantong in China's eastern Jiangsu province
/AFP/Getty Images

The White House hosts an artificial intelligence summit

by Nancy Marshall-Genzer May 9, 2018
An “Artificial Intelligence for American Industry” summit is being hosted at the White House today. Executives from Amazon, Facebook, Ford and IBM will be there. One big topic on the agenda? Government regulation. Turns out the federal government hasn’t written any regulations…