Seeing rough road ahead, Ford sheds 7,000 white-collar jobs

Business / Corporate May 21, 2019

Seeing rough road ahead, Ford sheds 7,000 white-collar jobs

Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10 percent of its global salaried workforce. The major revamp, which had been underway since last ...

GM will sell Lordstown plant and invest in Ohio, says Trump

Business May 9, 2019

GM will sell Lordstown plant and invest in Ohio, says Trump

General Motors Co. moved to solve two major political headaches on Wednesday as U.S. President Donald Trump announced the Detroit automaker will sell its Lordstown, Ohio, plant to a company to build electric trucks, while GM said it would maintain some operations at a ...

Toyota, GM and Ford join forces on self-driving safety rules

Business / Corporate Apr 5, 2019

Toyota, GM and Ford join forces on self-driving safety rules

Toyota Motor Corp., General Motors Co. and Ford Motor Co. have decided to join forces to develop standards for the development of self-driving cars. The three said in a statement they are collaborating with automotive industry group SAE International to establish autonomous vehicle "safety guiding ...