General Motors Co is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com Inc and United Parcel Service Inc, five people familiar with the plans told Reuters.
Former United Auto Workers president Gary Jones pleaded guilty in federal court on Wednesday to embezzlement of union funds and racketeering. He has also agreed to cooperate with investigators. As part of a plea deal worked out with prosecutors, Jones faces up to five years in p
What happened
Shares of Ford Motor Company (NYSE: F) were trading higher on Wednesday afternoon on signs of an accelerating recovery after U.S. auto sales totals for May turned out to be better than analysts had expected.
Top executives of the Detroit Three automakers and other major Michigan employers on Wednesday condemned racism and injustice in the United States following the death last week of an unarmed black man at the hands of Minneapolis police, carefully joining a charged national debate.
Like many industries during the COVID-19 pandemic, the automotive industry has been hit hard. Manufacturers such as Ford and General Motors temporarily idled plants, dealerships struggled with dwindling foot traffic and cautious consumers, and vehicle rental company Hertz filed
Several automakers on Tuesday reported stronger-than-expected May sales in the United States, and the Detroit automakers said they will work through their annual summer shutdowns to rebuild inventories as demand recovers from coronavirus shutdowns.
The collapse in demand for new vehicles from U.S. rental car fleets hit automakers hard in May, even as consumer sales were stronger than expected as coronavirus stay-at-home orders began to ease.
General Motors Co and Ford Motor Co condemned racial inequality in the United States following the death of George Floyd, an unarmed black man, at the hands of police in Minneapolis last week.
Tens of thousands of workers lined up before dawn to return to work at automotive factories along Mexico's northern border on Monday, the first day that industries joined the country's list of essential activities beginning to reopen.
Lear Corp is implementing costly safety measures that may hurt productivity at its operations in Mexico after suffering the deadliest known factory-related coronavirus outbreak in the Americas, but the U.S. auto parts maker still faces a battle to win back workers' trust.
Since even before its IPO, top electric-car maker Tesla (NASDAQ: TSLA) has faced tough questions about its future. First, people wondered if there was actually a market for electric vehicles. Then, they questioned the battery technology. After that, they were skeptical about t
U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a "bridge" to the post-pandemic world.
U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a "bridge" to the post-pandemic world.
Nissan Motor Co has agreed to settle a long-running dispute with the Indian state of Tamil Nadu after claiming it was owed 50 billion rupees ($660 million) in unpaid dues and damages, six sources told Reuters.
General Motors Co and Ford Motor Co are using fast-payment programs set up with financial lenders to help cash-strapped small suppliers survive production shutdowns caused by the coronavirus pandemic.