Ford profits slide 86% on restructuring charges

  Source: Detroit News | Ian Thibodeau   Dearborn — Ford Motor Co. said Wednesday its annual profits would be lower than analysts expected as the company’s second-quarter profits slid 86% due to the automaker’s ongoing
read more

‘Gut-wrenching’ day as production ends at Ohio GM assembly plant

  Source: NBC News The last Chevrolet Cruze built at GM’s plant near Youngstown came off the assembly line Wednesday. Employees frustrated and uncertain as production ends at By Associated Press
read more

Millennial Repo

  via: Lew Rockwell By Eric Peters Eric Peters Autos   An interesting data nugget percolated the other day about a “sharp worsening” – that is to say, an increase – in the number of
read more

The $70 Million “Investment”

  Source: Lew Rockwell By Eric Peters Eric Peters Autos   Electric cars continue to cost lots of money – contrary to the now-forgotten original point of the exercise, which was
read more

Bad guys, beware: Ford Interceptor reporting for duty

  Source: Detroit News| Henry Payne Dearborn — Developing an all-new Ford Explorer SUV not only meant engineers could design a roomier, techier three-row ute for families — it also meant they could
read more

Dracula and the Dawning Sun

  via: Lew Rockwell By Eric Peters Eric Peters Autos Did you know that the percentage of new cars sales that are actually leases has risen from about 3-5 percent in the early-mid 2000s
read more

Jaguar Land Rover to ‘axe up to 5,000 jobs’

  Source: The Guardian   Analysts say carmaker will outline job cuts in new year as part of drive to combat Brexit and falling sales Angela Monaghan Jaguar Land Rover is
read more

Guillotines and Red Octobers

  Source: Lew Rockwell By Eric Peters Eric Peters Autos The French would be in the streets. Of course, they are in the streets – but that’s in France. What about here? General Motors just announced it
read more

GM to lay off up to 14K workers, close as many as 5 plants

  Source: Yahoo Finance Tom Krisher, AP Auto Writer Associated Press DETROIT (AP) — General Motors will cut up to 14,000 workers in North America and put five plants up
read more

General Motors wanted at least 7K workers to take a buyout; layoffs loom

  Source: Detroit Free Press | Jamie L. LaReau VIDEO: General Motors is offering voluntary buyouts to 18,000 workers. Wochit  General Motors hoped at least 7,000 white-collar workers would sign up by noon
read more

FORD CEO FRANKLY ADMITS THAT THE CAR OF THE FUTURE IS A SURVEILLANCE DEVICE THAT YOU PAY TO SPY ON YOU

  via: BLACKLISTED NEWS SOURCE: BOING BOING The era of finance capitalism is marked by a curious shift in the desire of the business world: to get out of the business
read more

Average New Car Payment Hits Record High $525 Per Month

  Source: Zero Hedge   Automotive loan amounts and monthly payments continue to reach record highs, but US consumers seem unfazed. According to Experian’s latest State of the Automotive Finance Market report, Americans
read more

Ford profits down nearly half due to supplier fire, China

  Source: Detroit News Ford Motor Co. blamed a May supplier fire that disrupted F-150 production for days, as well as poor performance in China for second-quarter for profits that were down nearly $1
read more

Ford announces $1.7B quarterly profit, deep cuts to car lineup

  Source: Detroit Free Press | JC Reindl and Eric D. Lawrence The company that put Americans in cars affirmed Wednesday that those vehicles are going the way of the Model T and
read more

Trump EPA About To Sweep Away Obama’s ‘Aggressive’ Global Warming Regulations on Cars

  Source: Western Journal | By Michael Bastasch The Environmental Protection Agency will revise Obama-era greenhouse gas emissions regulations on cars and light duty trucks, deeming them too aggressive for automakers to meet
read more

Fiat Chrysler will invest $1B in Warren Truck plant; bring Ram work back from Mexico

Source: Detroit Free Press | Eric D. Lawrence Mike Manley, head of the Jeep and Ram brands for Fiat Chrysler Automobiles, says a new Wrangler and Ram 1500 and refreshed Cherokee will
read more

Build Fast, Fix Later: Tesla Employees Say 90% Of Model S/X Cars Fail Quality Checks After Assembly

  Source: Zero Hedge Last month we highlighted a report from Automotive News which suggested that Tesla’s Model 3 production misses might have been the result of a rather basic and embarrassing
read more

US CREDIT CARD DEBT RISES ABOVE $1 TRILLION AS STUDENT, AUTO LOANS HIT ALL TIME HIGH

  Source: BLACKLISTED NEWS | SOURCE: ZERO HEDGE Earlier in 2017, using the latest Fed data newspapers and financial media reported that US consumer credit card debt had risen above $1 trillion
read more

Tesla sales stopped dead in Hong Kong after a tax break for electric cars was scrapped

  Source: Business Insider | By TONY YOO The Hong Kong government’s decision to scrap a tax break for electric vehicles has reportedly had a dramatic effect on sales of Tesla cars
read more

15K salaried Ford workers offered buyouts

  Source: The Detroit News Ford Motor Co. has begun issuing buyout offers to 15,000 salaried employees in an effort to cut 1,400 positions from its corporate staffing in the
read more

 
%d bloggers like this: