by Joseph Szczesny | Jan 24, 2019
Ford Motor Co. posted a loss of $100 million or 3 cents per share in the fourth quarter despite a small increase in revenue while financial results for the full years showed the company’s profits were cut in half as it reported earnings of $3.7 billion for 2018...
by Joseph Szczesny | Jan 23, 2019
A series of wildcat strikes in the maquiladora plants in Matamoros, Mexico, along the U.S.-Mexican border near Brownsville, Texas, could threaten auto production across North America. More than 30,000 Mexican workers have been involved in the strikes, which have hit...
by Joseph Szczesny | Jan 22, 2019
General Motors is warning that it will need to restructure its operations in Brazil after three years of heavy financial losses. In a message posted at Brazilian plants, GM’s top executive in Brazil and Argentina, Carlos Zarlenga, said after running up a heavy loss...
by Joseph Szczesny | Jan 21, 2019
The United Auto Workers has succeeded in reversing plant closing decisions in the past and union leaders believe they can pressure General Motors Co. into reversing its decision to close factories in the United States and Canada. Frank Stuglin, a member of the...
by Joseph Szczesny | Jan 21, 2019
In another sign of potential weakness in the North American automotive market, Nissan Motor Co., which is in midst of a tumultuous management shakeup, is planning to cut up to 700 contract workers as trims production at its assembly plant in Canton, Mississippi. Other...
by Joseph Szczesny | Jan 18, 2019
Throughout the course of its 30-year run, the North American International Auto Show in Detroit’s Cobo Center became known as a “designers’ show” because of the large number of concept cars that emerged during the annual press preview. For 2019, the...
by Joseph Szczesny | Jan 17, 2019
The Union Auto Workers and union activists are planning demonstration ahead of North American International Auto Show charity preview to protest General Motors’ plans to close five plants. The UAW is organizing a candlelight vigil at the Labor Monument on Jefferson a...
by Joseph Szczesny | Jan 17, 2019
General Motors fumbled its recent announcement about its plans to close plants in the U.S. and Canada, GM’s top executive acknowledged. During an appearance at the annual Automotive News World Congress, GM Chairman and CEO Mary Barra said the timing of the...
by Joseph Szczesny | Jan 16, 2019
The Automotive Hall of Fame will induct four new members into its ranks next including Richard E. “Dick” Dauch, co-founder of American Axle Manufacturing; Janet Gutherie, the first woman to qualify for the Indianapolis 500; Sergio Marchionne, former CEO of Fiat...
by Joseph Szczesny | Jan 15, 2019
While automakers may have you believe that self-driving vehicles are right around the corner, at least one auto supplier believes that it will be well into the next decade before autonomous vehicles will be capable of venturing beyond a well-defined area and take to...
by Joseph Szczesny | Jan 15, 2019
Ford of Europe is poised to eliminate more than 1,050 jobs at the Brigend Engine Plant in Wales, according to the British union representing representing them. The company confirmed last week that it was poised to eliminate hundreds of jobs across its operations in...
by Joseph Szczesny | Jan 14, 2019
Volkswagen AG that it will spend $800 million to build two electric vehicles at its U.S. assembly plant in Chattanooga, Tennessee, as part of the company’s global effort to broaden the appeal of electric vehicles. “The U.S. is the world’s second-largest market for...
