Business May 7, 2020
GM’s strong quarter sparks hope Barra can eke out a 2020 profit despite virus
General Motors Co. and its peers have been battening down the hatches as adverse economic conditions slam the auto industry. But after Chief Executive Officer Mary Barra announced a bigger-than-expected first-quarter profit, some are speculating the carmaker could post positive earnings for the full ...
Business Feb 8, 2020
Trump administration closes antitrust probe of carmakers over emissions pact
The Justice Department has abandoned its antitrust probe of four automakers that sided with California over President Donald Trump in a fight over the future of fuel economy and emissions requirements. The inquiry had targeted Ford Motor Co., Honda Motor Co., BMW AG and Volkswagen ...
Business Feb 5, 2020
Hyundai to halt South Korea output as new coronavirus disrupts parts supply
Hyundai Motor will suspend production in South Korea because the outbreak of the new coronavirus has disrupted the supply of parts, it said, becoming the first major carmaker to do so outside of China. The flu-like virus has killed more than 400 people and its ...
Business / Corporate | FOCUS Nov 18, 2019
Ford bets on an electric Mustang to charge its turnaround
by Joseph White
The Mustang Mach E electric sport utility vehicle that Ford Motor Co. unveiled in Los Angeles on Sunday is more than another car for the storied automaker. The Mach E has become within Ford a high-profile test for a restructuring that has been marred by ...
Business / Corporate | ANALYSIS Jul 22, 2019
Nissan bets the humble sedan will be the next big thing in auto sales
by Ma Jie
At a time when younger people drive less and hail more rides, while SUVs reign supreme thanks to low gas prices, Nissan Motor Co. is betting on the humble sedan. Over the past few decades, the auto industry, especially in North America, has been ditching ...
Business / Corporate Jul 12, 2019
VW and Ford extend collaboration to electric, self-driving cars
by Christoph Rauwald and Keith Naughton
Volkswagen AG and Ford Motor Co. will cooperate on electric and self-driving car technology, sharing costs on a global scale to take a major step forward in the industry's disruptive transformation. VW will invest $2.6 billion in Ford's autonomous-car partner Argo AI in a deal ...
Business Jul 12, 2019
Ford-VW alliance over electric vehicles seen upping pressure on other carmakers
A broader alliance expected between Ford Motor Co. and Volkswagen AG has the potential to transform the global automotive industry and increase pressure on other carmakers in areas including electric and autonomous vehicles, analysts said. If VW agrees to allow Ford to license its electric-vehicle ...
Business / Corporate Jul 3, 2019
Former Chrysler CEO Lee Iacocca, who spoke out against Japanese carmakers, dies at 94
Lee Iacocca, the auto executive and master pitchman who put the Mustang in Ford Motor Co.'s lineup in the 1960s and became a corporate folk hero when he resurrected Chrysler 20 years later, has died in Bel Air, California. He was 94. Two former Chrysler ...
Business Jun 11, 2019
Despite Prius sales slump, hybrids as popular as ever
by Keith Naughton
The Toyota Prius, once revered as the greenest car on the road, has fallen on hard times. Sales are on a six-year losing streak, and now the previously pre-eminent eco-mobile has fallen behind the Ford Fusion hybrid — a model its parent company plans ...
Business / Corporate May 31, 2019
Nippon Steel's reinvention of its namesake metal could make car bodies 30% lighter
by Masumi Suga
Imagine the weight of 24 elephants bearing down on a tiny spot the size of a postage stamp. That's how much pressure Nippon Steel Corp.'s strongest metal can withstand. The firm is pushing the envelope in order to stay relevant as the auto industry, its ...
Business / Corporate Apr 18, 2019
Japanese and other automakers tout SUVs at New York auto show
Automakers on Wednesday gathered at this year's New York International Auto Show where Japanese carmakers unveiled all-new sport utility vehicles amid growing demand for light trucks over passenger vehicles. Toyota Motor Corp. introduced its 2020 Highlander, a midsize family-friendly SUV that ushers in the model's ...