Plunging Pickup Truck Sales Threaten Detroit’s Profit Engine
Sales of pricey pickup trucks at Stellantis, Ford and GM faltered in the first quarter, a sign that high borrowing costs are eroding Americans’ appetite for automakers’ main profit driver.
C.H. Robinson’s CEO Sees Freight Rebound in Second Half of 2024
C.H. Robinson Worldwide expects the freight recession will linger into next year, but sees a recovery taking hold in the second half of 2024.
Ford Electric F-150 Sales Drop 46% as Deliveries Delayed
Ford Motor Co. reported sales of its F-150 Lightning plug-in pickup fell 46% in the third quarter as the automaker expanded its factory and delayed delivery of trucks for “quality checks.”
GM Rolls Out Electric Silverado Pickup Truck
General Motors Co. is finally pushing into the heart of the electric pickup market with its Chevrolet Silverado work truck starting production this month.
Automakers Weigh the Electrification of Pickups
The Detroit Three automakers are pushing toward an electrified future, but they’re not yet putting their gas and diesel-powered pickup trucks on the back burner.
Foxconn Starts EV Production in US With First Lordstown Pickups
Taiwan’s Foxconn Technology Group has started building electric vehicles for Lordstown Motors Corp., a milestone as the company better known for making iPhones diversifies its operations.
Ford to Invest $700 Million in Kentucky Plant to Build Big Pickups
Ford Motor Co. is investing $700 million at its sprawling truck factory in Louisville, Ky., and adding 500 workers to help build a redesigned version of its largest F-Series pickups.
Ram Teases Electric 1500 Pickup, Launches New Site
Ram’s electric pickup truck still is two years away, but the “Built to Serve” brand is giving the public a tease of a concept vehicle and an opportunity to share what they want from the EV.
Makers of Electric Pickups Target Work Truck Crowd
Automakers are targeting the job site with electric pickup trucks.
GM to Beat Profit Targets as Truck Plants Ramp Up
General Motors Co. will boost output at two truck plants, allowing the company to beat its first-half forecast of $5.5 billion in profit and to hit the high end of its full-year target of around $11 billion.