by Joseph Szczesny | Aug 4, 2020
General Motors has filed an amended complaint in its federal lawsuit against Fiat Chrysler Automobiles, saying it has uncovered new evidence in recent days showing that FCA had set up back accounts in multiple countries to handle bribes to insure the silence of key...
by Paul A. Eisenstein | Aug 4, 2020
Ford Motor Co. Chief Executive Jim Hackett will be stepping down on Oct. 1, with the automaker’s 58-year-old chief operating officer Jim Farley named to replace him. Ford has gone through a series of management changes in recent years, the second-largest Detroit...
by Joseph Szczesny | Aug 4, 2020
July was another tough month for automakers with Subaru and Toyota perhaps taking the biggest hits, reporting sales drops of better than 20% in July while Lexus saw its sales decline 9.9% last month. However, it wasn’t all doom and gloom as Hyundai reported a 1%...
by Michael Strong | Aug 4, 2020
Ford announced CEO Jim Hackett will retire this fall with newly appointed COO Jim Farley taking on the role after the departure. Hackett, 65, came to the automaker in May 2017 after a lengthy career as the top executive at Steelcase in Grand Rapids succeeding Mark...
by Michael Strong | Aug 3, 2020
General Motors Co. has asked the federal judge that dismissed its lawsuit against Fiat Chrysler Automobiles N.V. to reinstate the lawsuit, claiming it has new evidence. The automaker asked Judge Paul Borman to reconsider his earlier judgement on the alleged...
by Joseph Szczesny | Aug 3, 2020
With the threat of “Big Tech” looming over its business, automakers of all sizes are scrambling to shore up their capability to compete in new areas that are likely to define the future of the auto industry. Toyota Research Institute – Advanced Development Inc., also...
by Joseph Szczesny | Aug 3, 2020
Detroit’s three automakers are stepping up their concentration on trucks and SUVs during the second half of 2020 even as the COVID-19 pandemic lingers and electric vehicles absorb an increasing share of their capital spending. Fiat Chrysler, which will soon go through...
by Michael Strong | Jul 31, 2020
Companies big and small have been touting “affordable” electric vehicles for years, and in the near tsunami of new models set to arrive on U.S. shores in the coming years, “affordable” doesn’t seem to be the descriptor one would attach to any of them. However, that...
by Michael Strong | Jul 31, 2020
The sun continues to shine on Ford, the automaker revealing Friday it received approval to defer some quarterly payments due on its U.S. Energy Department retooling loan. The automaker noted it will repay the loan on time by June 2022. Ford was awarded a $5.9 billion...
by Paul A. Eisenstein | Jul 31, 2020
General Motors is partnering up with EVGo, the operator of the country’s largest electric vehicle charging network in a push to make it easier for EV owners to charge up quickly and easily. The two partners said Friday that they plan to add 2,700 high-speed public...
by Paul A. Eisenstein | Jul 31, 2020
Kia already has begun electrifying its line-up and, like most competitors, it plans to roll out an array of new models during the next few years – including a flagship SUV first teased at the Geneva Motor Show in 2019. Now, what is known inside the South Korean...
by Joseph Szczesny | Jul 31, 2020
Fiat Chrysler Automobile N.V. financial results were “significantly” better than expected during the second quarter despite the losses the company suffered as its shipments to dealers dropped by two-thirds due to the impact of the COVID-19 pandemic The company...
