US Automakers Dig Out of Pandemic Hole as Prices Soar
Automakers are climbing out of the ditch they fell into this spring, with U.S. auto sales expected to rebound strongly in the third quarter thanks to cheap borrowing costs and a shift toward private transportation amid the pandemic.
Ford CEO’s Vow for Flawless Launches Tested by High-Stakes F-150
Ford Motor Co. is gearing up for an intricate, two-phase overhaul of factories for its most profitable vehicle, putting to the test a pledge by incoming CEO Jim Farley for flawless execution.
GM’s CFO Resigns to Join Fintech Startup Stripe
General Motors Co.’s chief financial officer is stepping down after two years to take a job at a financial technology company in an unexpected move prompting the automaker to appoint an acting successor.
Automakers Split in Legal Fight Over Trump’s Fuel Economy Rules
Four automakers backing a California effort to curb tailpipe emissions will break with some big rivals in the legal battle over the Trump administration’s relaxation of fuel efficiency standards.
DOJ Defends Autos Probe Ahead of House Inquiry on Enforcement
The U.S. Justice Department denied politics played a role in its decision last year to open an antitrust investigation of four automakers that reached an agreement with California on fuel-efficiency standards.
Detroit Carmakers to Resume Pre-COVID Output to Meet Demand
Detroit’s automakers are gearing up for full production as they race to make up for lost output and meet stronger-than-expected demand.
Ford Sees Plants Resuming Pre-Virus Production Within Weeks
Ford Motor Co. expects its U.S. plants will come all the way back from coronavirus-related shutdowns within the next month, a top executive said.
VW Board Backs CEO to Ease Tensions After Turmoil
Volkswagen AG’s supervisory board accepted an apology from CEO Herbert Diess, with the unusual public statement reflecting the tension caused by an internal dust-up.
SUVs and Trucks Solidify Command of Recovering US Auto Market
Sport utility vehicles and trucks are dominating U.S. auto sales like never before as carmakers start to recover from the biggest shock to their industry in decades.
European Auto Industry Buckling Up for at Least 35,000 Job Cuts
The extent of the devastation wrought on the European car industry by the coronavirus pandemic came into sharp focus May 29 when a sampling of major vehicle and parts manufacturers from France to Sweden revealed plans for at least 35,000 job cuts.