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 Michael Strong | Jul 30, 2020
Volkswagen is the latest automaker reporting negative second quarter results, largely stemming from the impact of the COVID-19 pandemic around the world. The company posted an adjusted operating loss of 1.7 billion euros, or $2 billion, for the period, which is down...
by Paul A. Eisenstein | Jul 29, 2020
General Motors was able to circle the wagons and beat back the full brunt of the coronavirus pandemic during the second quarter, solidly outperforming the gloomy outlook forecast by Wall Street. With factories shuttered for two months and sales sagging to Great...
by Joseph Szczesny | Jul 13, 2020
General Motors is scaling back production of midsized pickup trucks as concerns that COVID-19 continue to cast a long shadow over the industry’s production plans. GM confirmed that it is temporarily dropping the third shift, employing 1,250 workers, at its truck...
by Paul A. Eisenstein | Jul 10, 2020
Ford Motor Co. senior management has rejected calls by some of the carmaker’s employees to abandon the police vehicle market in the face of the systemic brutality that has triggered more than a month of unrest across America. One letter circulated by Ford employees...
by Joseph Szczesny | Jul 7, 2020
General Motors Co. appears to have won a small victory in its legal battle with Fiat Chrysler Automobiles N.V. as the U.S. Sixth Circuit Court of Appeals accepted GM’s petition to set aside a judge’s order mandating GM CEO Mary Barra and FCA CEO Mike Manley meet face...
by Joseph Szczesny | Jul 1, 2020
The United Auto Workers and the U.S. Attorney’s office in Detroit will continue to discuss ways to reform the union in the wake of the initial meeting between UAW President Rory Gamble and Matthew Schneider, the U.S. attorney for the Eastern District of Michigan. The...
by Joseph Szczesny | Jun 24, 2020
A federal judge has labeled the lawsuit General Motors filed against Fiat Chrysler Automobiles, claiming the FCA had conspired with corrupt officials from the United Auto Workers to put GM at competitive disadvantage on labor costs, “a waste of time.” Following a...
by Paul A. Eisenstein | Jun 16, 2020
It has been a “tragic year,’ between the coronavirus pandemic, the collapse of the U.S. economy and the “brutal” murders of black Americans at the hands of police, said General Motors CEO Mary Barra. During an online meeting with members of the Detroit Automotive...
by Joseph Szczesny | Jun 15, 2020
In an unusual joint announcement, U.S. Attorney Matthew Schneider and UAW President Rory Gamble revealed they planned to meet June 30 to begin negotiations on reform of the United Auto Workers Union. The joint statement said they “(s)eek to work together to restore...
by Paul A. Eisenstein | Jun 12, 2020
General Motors said Friday that it will not close its big assembly plant in Wentzville, Missouri, despite five workers there testing positive for COVID-19, the disease caused by the coronavirus. But the new outbreak – and the rising number of infections and deaths...
