Volkswagen AG officials are reportedly headed to Dearborn this week to meet with their Ford Motor Company counterparts. On the agenda is a continuation of of the two firms discussing partnership opportunities, but reports suggest talks surrounding electric vehicles have had to evolve. On a broad basis, the two automakers are still discussing how they can partner up regarding electric… Read More...
General Motors is expected to layoff approximately 4,000 employees this coming Monday. The cuts are part of a previously announced restructuring that will shed about 8,100 people from the company's roster. Multiple media outlets are reporting Monday's plan, but the automaker has declined to confirm the reports. The reports suggest the cuts will start as early as 7:30 a.m. and… Read More...
Ford Motor Company CEO Jim Hackett did not mince his words in a recent e-mail to all company employees. Hackett referred to the company's 2018 performance as "mediocre" and explained that the company's full-year profit of $7 billion is simply not enough. The e-mail, sent to employees on Thursday and seen by Reuters, outlined how the automaker cannot accept 2018-like… Read More...
Ford Motor Company and Volkswagen AG have formally announced the beginning of a new global alliance between the two automakers. Today the companies laid out the first formal agreements, providing the groundwork for them to co-develop commercial vans and midsize pickups. The new alliance is expected to begin bearing fruit in 2022, when the jointly-developed commercial vans and midsize pickups… Read More...
After months of speculation, Ford Motor Company and Volkswagen AG are expected to formally announce a new global alliance Tuesday at the Detroit Auto Show. Executives from both automakers confirmed bits and pieces of the alliance at their respective debuts. Ford Executive Chairman Bill Ford told reporters, "The talks are going really well. We’re going to have more to say later… Read More...
Fiat Chrysler Automobiles will pay around $650 million in settlements to the U.S. government surrounding allegations it cheated on emissions tests for its diesel V-6 engine. The engine is found is 104,000 Jeep and Ram vehicles in the U.S. According to an Associated Press report, FCA will fork over $311 million in fines to the federal and California governments for the actual… Read More...
Ford Motor Company and Volkswagen Group may make a substantial joint announcement at next week's Detroit Auto Show. Sources say the two automakers have come to an agreement regarding a more comprehensive alliance than one already confirmed regarding commercial vehicles. “A global alliance is expected to be announced,” one person familiar with the alliance talks told Reuters. Thus far reports have failed… Read More...
General Motors has announced the appointment of Mark Reuss as company president. The role change is effective immediately and will give Reuss purview over additional elements of the company. Reuss has been leading GM's Global Product Group and Cadillac brands, but will now assume responsibility for the company's Quality organization. Reuss assumed responsibility for the Cadillac brand back in June… Read More...
General Motors says the company has 2,700 job openings for 3,300 factory workers slated for layoff within the next year. The news comes a few weeks after the automaker announced plans to reduce its workforce by 14,000 people, including 8,000 white-collar employees. GM says this week it has conducted an analysis of its headcount needs at its remaining U.S. plans,… Read More...
Ohio's U.S. Senators are asking General Motors to commit to producing all of its electric vehicles in the U.S. The lawmakers are also seeking additional details from the automaker regarding planned production cuts in the U.S. Reuters reports Republican Senator Rob Portman and Democrat Sherrod Brown sent a letter to GM demanding answers by a December 21st deadline. The two… Read More...
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