Ford CEO Jim Farley says Chinese automakers such as BYD are its greatest EV rivals
Ford CEO Jim Farley used Warren Buffett-backed BYD as the prime example of a Chinese automaker that has successfully developed
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Detroit
GM will introduce an all-electric Cadillac Escalade ‘IQ’ later this year
GM said the new SUV will be called the "Escalade IQ," which continues Cadillac's EV naming strategy that so far
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Americans are keeping their cars longer amid sky-high prices, rising interest rates
Rising vehicle ages are good news for aftermarket parts suppliers like AutoZone, O'Reilly Automotive and Advance Auto Parts. Source link
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UAW withholding Biden reelection endorsement until EV concerns are addressed
UAW President Shawn Fain says the union wants a "just transition" for workers, as the government uses taxpayer money to
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Ford posts stellar first quarter, boosted by fleet and legacy truck divisions
Ford is reporting its quarterly financial results by business unit, instead of by region, for the first time. Source link
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Ford cutting price of electric Mustang Mach-E by thousands of dollars
Ford will lower pricing of the Mach-E by $1,000 to $4,000. The cuts will make the starting price of the
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GM expands high-end Chevy Silverado HD lineup with new ZR2 off-road model
Automakers such as GM, Ford Motor and others have been growing off-road vehicle offerings as a way to boost profits.
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GM overtakes Ford as second-best seller of EVs in U.S. but still trails Tesla by a wide margin
General Motors pulled ahead of Ford Motor to become the country's second-best seller of electric vehicles during the first quarter.
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GM says 5,000 salaried workers will take buyouts, expects $1 billion charge in first quarter
About 5,000 white-collar workers at GM opted to participate in a buyout program to lower the automaker's global headcount and
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