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How recalls can affect a company's bottom line — and future sales

Feb 28, 2024
A recent Toyota recall affects more than 280,000 vehicles. But not all recalls are created equal in terms of how they color a company's brand and long-term customer loyalty.
More than 280,000 Toyota SUVs and pickup trucks were recalled over a software issue. But care recalls are actually pretty common.

As GM announces quarterly results, all eyes are on strike's effects

Oct 24, 2023
Investors — and the union — will be scrutinizing the numbers for clues about how the extended work stoppage is affecting the companies.
Because only two weeks of the UAW strike were in Q3, earnings may not take much of a hit — but keep an eye on forecasts.
Michael Swensen/Getty Images

How are car dealers feeling about the UAW strike?

Sep 15, 2023
Solid Inventory is keeping some worries away for now. But a prolonged strike could hurt the industry, one expert says.
Bill Pugliano/Getty Images

The UAW strike is also about EVs and the future of auto industry jobs

So far, the UAW is holding a limited strike at three plants across three states.
Members of the UAW began striking last night at a select few factories and plants across the Midwest.
Bill Pugliano/Getty Images

EV prices are falling, but remain out of reach for many potential buyers

Jul 17, 2023
The industry may need to cut costs to bring down stickier prices.
Ford's F-150 Lightning electric pickup (above) is part of recent price drops in the electric vehicle space.
Spencer Platt/Getty Images

Ford on EVs: Think of us as a startup

Mar 23, 2023
The company expects to lose another $3 billion this year in its transition from internal combustion cars to electric.
Ford expects its EV business to start turning a profit by 2026. Above, an electric F-150 charges.
Spencer Platt/Getty Images

Sales of fully electric vehicles nearly doubled in 2022. Which carmakers came out on top?

Jan 6, 2023
EVs account for about 5% of car purchases, according to automotive website Edmunds. Rivals to Tesla are making inroads.
Tesla still holds an estimated 60% of the EV market, but its share has been declining.
Brandon Bell/Getty Images

For public good, not for profit.

To make the most of a new Ford electric truck plant, Tennessee neighbors need sewer help

Dec 21, 2022
Ford needed a sewer line to build its $5.6 billion plant in Tennessee. But neighboring communities now have to build their own wastewater system to accommodate new residents who come for the new plant jobs.
The town of Mason has its own utility system including water and sewer. Utilities have been the most difficult hurdle to overcome in developing the West Tennessee megasite.
Blake Farmer/WPLN News

Auto industry's transition to electric is changing its approach to staffing

Nov 1, 2022
Analysts say rightsizing is part of a bigger shift playing out in the auto industry.
Ford decided to offer "underperforming" white-collar workers the option of undergoing a special review process or leaving with severance.
Scott Olson/Getty Images

Ford announces layoffs amid transition to electric vehicles

Aug 23, 2022
One of America's largest automakers announced that it would cut 3,000 jobs to lower costs amid its shift toward EVs.
Ford announced 3,000 job cuts Monday as the automaker shifts focus to connected and electric vehicles.
Bill Pugliano/Getty Images