Ford said the "remeasurement loss" on pension and retirement liabilities is expected to reduce its quarterly net income by about $1.7 billion, although Ford said it will not impact its total adjusted earnings.
Continue Reading the above article 'Ford expects $2.2 billion Q4 hit due to pension pl...
VW pleaded guilty after being charged with 60 counts of breaching the Canadian Environmental Protection Act and providing misleading information.
Continue Reading the above article 'VW pleads guilty, faces $196 million fine in Canad...
The automaker agreed to voluntarily reduce the remaining value of its state tax credits from $2.6 billion is part of a deal that will require the company to maintain an in-state workforce of at least 34,750 and invest $3.5 billion in Michigan facilities by 2029.
Continue Reading the above article 'GM's remaining Mich. tax credits valued at $2.27 b...
The automakers and other companies are restricting non-essential travel to Wuhan, the epicenter of the contagion that so far has killed nine people and seen cases spread across the region and even to the U.S.
Continue Reading the above article 'GM, Ford limit China travel to guard against deadl...
The settlement says Tesla may "operate under existing Michigan law; sell cars to Michigan customers as long as the sales contract indicates the sale took place in a state other than Michigan; and, indirectly own service and repair facilities in Michigan through a subsidiary."
Continue Reading the above article 'Michigan, Tesla settle suit over direct vehicle sa...
The restraining order will be in place until a preliminary injunction hearing is held Feb. 11 before a judge in Delaware.
Continue Reading the above article 'Delaware judge delays DealerSocket's acquisition o...
President Trump, during a meeting with reporters on Wednesday, said this about Elon Musk: “I was worried about him, because he’s one of our great geniuses, and we have to protect our genius."
Continue Reading the above article 'Trump praises Musk, wants to protect 'genius'...
Maserati tapped former Mitsubishi executive Bernard Loire as its new chief commercial officer, while Paolo Tubito, an ex-Nike executive, becomes its chief marketing officer.
Continue Reading the above article 'Maserati hires sales, marketing leaders...
About 500 jobs will be lost at JLR's plant in Halewood, England, which builds the Range Rover Evoque and Land Rover Discovery Sport.
Continue Reading the above article 'Jaguar Land Rover to cut jobs at UK factory...
Mike Manley said he doesn't expect any major obstacles that could delay a final agreement with the Peugeot owner.
Continue Reading the above article 'Fiat Chrysler CEO hopes to seal PSA merger by earl...