Ford, UAW leaders spar as auto strike costs rise
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Ford (F) announces management shuffle as UAW strikes continue
October 18, 2023 12:03 PM EDTFord Motor (NYSE: F), on Wednesday, revealed a restructuring of its management, appointing Kumar Galhotra, the head of the combustion vehicle unit, as the new chief operating officer.
This development comes despite the continued autoworkers strike showing scant indications of resolution.
Galhotra, formerly in charge of the Ford Blue unit responsible for gas and hybrid vehicles, will now oversee the global industrial system of the automaker.
Meanwhile, Andrew Frick, who previously handled sales and... More
General Motors (GM) to delay EV truck production at Michigan plant
October 17, 2023 1:56 PM EDTGeneral Motors (NYSE: GM) revealed Tuesday that the Detroit automaker will delay the production of electric pickup trucks at its Orion Township, Michigan facility as the company deals with "evolving EV demand."
The latest move suggests that electric vehicle production and demand might not be as strong as previously expected. Ford Motor (NYSE: F) announced on Friday that it would temporarily cut... More
Tesla (TSLA) pushes US to adopt stricter fuel efficiency rules
October 17, 2023 12:01 PM EDTProminent electric vehicle manufacturer, Tesla (NASDAQ: TSLA) on Tuesday, called upon the Biden administration to swiftly solidify more rigorous fuel economy standards through 2032 than those initially proposed by U.S. regulators, placing the automaker at odds with major OEMs.
In July, the National Highway Traffic Safety Administration (NHTSA) introduced a proposal to... More
Ford (F) recalls 230K Explorer SUVs for rollaway risk
October 16, 2023 3:11 PM EDTFord is recalling certain 2020-2022 Ford (NYSE: F) Explorers due to the potential risk of rolling away if the parking brake is not engaged.
According to the National Highway Traffic Safety Administration, 238,364 vehicles are affected by this recall. The issue stems from a... More
Ford (F) calls for deal to end UAW strike
October 16, 2023 2:03 PM EDTOn Monday, Bill Ford, the Executive Chairman of Ford Motor Company (NYSE: F), appealed to the United Auto Workers union to cease their 32-day strike and come to terms on a fresh labor agreement.
Ford highlighted the escalating repercussions for both the automaker and the broader U.S. economy.
"We... More
