Select Page
GM Sells Lordstown Plant to Workhorse

GM Sells Lordstown Plant to Workhorse

Now that the ink on its contract with the UAW is dry, General Motors pulled the trigger on another deal, selling its Lordstown, Ohio plant to an electric vehicle maker. No terms were released on the sale to Lordstown Motors, the company created by Workhorse Group to...
Toyota Exceeds Analysts Estimates with Q2 Profits

Toyota Exceeds Analysts Estimates with Q2 Profits

Toyota Motor Co. celebrated beating analysts’ estimates for its second quarter by announcing a $1.8 billion share buyback. Operating profit rose 14% to 662.3 billion yen, or $6.1 billion, for the quarter ended Sept. 30, marking Toyota’s best second quarter since...
Former UAW VP Ashton Charged in Federal Probe

Former UAW VP Ashton Charged in Federal Probe

Federal prosecutors have charged Joe Ashton, a former United Auto Workers vice president who served as director of General Motors Co., with money laundering and wire fraud in the wide-ranging probe into corruption among leaders of the UAW. Ashton, who served as head...
Infiniti Outlines Its Electric Future

Infiniti Outlines Its Electric Future

Infiniti will launch at least three new battery-powered models over the next several years and they will offer buyers two distinct drivetrain options, company officials confirmed at a background briefing. Based on an all-new architecture specifically developed for...
Fiat Chrysler, Peugeot Agree to Merge

Fiat Chrysler, Peugeot Agree to Merge

As quickly as it became a possibility, the potential merger of Fiat Chrysler and Peugeot appears to have become a reality with the two automakers tentatively agreeing to a merger. Peugeot’s board of directors approved the deal earlier Wednesday while the FCA board is...
Brexit Chaos Rattles Japanese Automakers

Brexit Chaos Rattles Japanese Automakers

While the debate about when and how Great Britain will leave the European Union has upended British politics, it is also frustrating to Japanese carmakers, which represent a hefty piece of the country’s economy. Japanese manufacturers are growing frustrated about...