Ford Getting Ready for the Post-Pandemic Chapter

Ford Getting Ready for the Post-Pandemic Chapter

The fallout from pandemic created by COVID-19 will weigh heavily on Ford Motor Co.’s results for the second quarter but the company is moving forward with plans that will put the company on much stronger footing in the future, Ford executives told stockholders during...
China to Remain Critical Automotive Powerhouse

China to Remain Critical Automotive Powerhouse

A new report from the Fitch Group, the financial analysis and debt-rating service, says that manufacturers are moving away from China as a source for critical components but the size and scope the Chinese sales market exerts is an almost irresistible allure to car...
Toyota Gains in Fiscal Year but Warns on Year Ahead

Toyota Gains in Fiscal Year but Warns on Year Ahead

Toyota Motor Corp. ended its 2020 fiscal year, which ended March 31 with 10% increase despite a small dip in global sales, but officials warned annual profit for 2021 would drop by 80%. Toyota’s consolidated vehicle sales were 8.9 million units, down 18,000 from the...
Ex-UAW President Gary Jones Facing Criminal Arraignment

Ex-UAW President Gary Jones Facing Criminal Arraignment

Former UAW President Gary Jones will be arraigned Thursday on charges he conspired with key aides to embezzle more than $1 million dollars in union funds. Jones also was charged with failing to pay income taxes on the money stolen from the United Auto Workers. The...
Lotus Moves Ahead With Plans for Electric Vehicles

Lotus Moves Ahead With Plans for Electric Vehicles

Lotus and British energy company Centrica plc plan to use a new electric vehicle platform as the new model for future EV ownership that includes at home charging and energy storage. The new partnership between Lotus and Centrica’s British Gas subsidiary will help...
Honda Reveals Plan for Restarting North American Plants

Honda Reveals Plan for Restarting North American Plants

Honda has unveiled plans for resuming automobile, engine and transmission production at its plants in the U.S. and Canada this week. Salaried and support associates who have been on furlough from Honda operations in the U.S. began returning late last week, depending...
Nissan Delays Restart of U.S. Operations

Nissan Delays Restart of U.S. Operations

Nissan has decided to delay the restart of the bulk of its manufacturing operations in the United States, while the company’s top executives in Japan continue to revise the company’s strategy. “We’ve extended downtime at our manufacturing facilities for further...
Fiat Chrysler Moves Ahead with Meals for Kids

Fiat Chrysler Moves Ahead with Meals for Kids

Fiat Chrysler Automobiles is partnering with No Kid Hungry to support schools, food banks and community groups across the country to serve 640,000 meals during the crisis created by the pandemic. In response to the coronavirus crisis, FCA announced a commitment to...
GM Retains Faith in Its Electric Future During Pandemic

GM Retains Faith in Its Electric Future During Pandemic

Even with low gasoline price, General Motors Co. will continue to concentrate on the development of electric vehicles as it ramps up operations in the wake of the pandemic lockdown. “We understand the seriousness of the business actions we have taken,” GM Chairman...