There’s news that Ford will cut about 10 percent of its global workforce in an effort to help lift its stock. Ford’s CEO Mark Fields has been out there talking about the future of his company as a “mobility” firm that could offer services like car sharing. These are long-term strategies for Ford’s health, the […]
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 […]
Some interesting news in the automotive space today: Tesla, the maker of high-end electric cars, has now surpassed Ford in terms of market capitalization (the total value of all outstanding shares). It seems investors are betting big that Elon Musk can meet growth targets ahead of the much-anticipated release of the Model 3 sedan later this […]
President Trump told the heads of General Motors, Ford and Fiat Chrysler today that he wants to see new auto plants built in the U.S. He signed an executive order to streamline the permitting process for getting domestic manufacturing projects off the ground, the goal being to reduce what he called the “incredibly cumbersome, long, […]
It’s not even Inauguration Day yet, but we’re getting a pretty clear sense of President-elect Donald Trump’s negotiating style with corporate America. His tweets have chastised manufacturers like Carrier, GM and Ford for outsourcing jobs, prompting those companies to promise to add or retain jobs domestically. And now several others are promising expansions and investments […]
Fiat Chrysler has announced it’ll invest about $1 billion to improve two of its plants in the U.S. It’ll bring 2,000 jobs as well. This comes after news of other automakers changing their operating plans , like Ford canceling a factory in Mexico and investing in a Michigan plant. Of course, hanging over all of […]
