INSIDER
Ford Motor Companyโs Mustang Mach-E latest recall: Electrical connector issues causing sudden, dangerous acceleration changes
Read full article: Ford Motor Companyโs Mustang Mach-E latest recall: Electrical connector issues causing sudden, dangerous acceleration changesFord Motor Company is recalling about 50,000 Mustang Mach-E as there seem to be electrical connector issues causing sudden and dangerous acceleration changes. National Highway Traffic Safety Administration states itโs a real problem keeping the vehicle under control as the battery sometimes sending it into wild fits of speed or cutting off.
Shaky start for Stellantis bid to grab larger China stake
Read full article: Shaky start for Stellantis bid to grab larger China stakeMoves by carmaker Stellantis to consolidate its position in fast-growing China seem to be off to a rocky start after one of its joint venture partners said it hadnโt been consulted before an announcement of plans to grab a controlling stake.
GM to upgrade Indiana foundry to support electric pickup
Read full article: GM to upgrade Indiana foundry to support electric pickupGeneral Motors is planning a $51 million upgrade at its aluminum die casting foundry in southern Indiana to support manufacturing of the upcoming electric Chevrolet Silverado pickup.
NACTOY names 23 semifinalists for 2022 Car, Truck and Utility Vehicle of the Year awards
Read full article: NACTOY names 23 semifinalists for 2022 Car, Truck and Utility Vehicle of the Year awardsThe North American Car, Truck and Utility Vehicle of the Year (NACTOY) Awards organization announced its list of semifinalists Tuesday at the inaugural Motor Bella event at M1 Concourse in Pontiac.
Computer chip shortage continues to plague the Big Three, auto industry
Read full article: Computer chip shortage continues to plague the Big Three, auto industryThe semiconductor shortage that has hampered the auto industry, created vehicle shortages and higher prices isnโt likely to end any time soon.
New documentary shows progress at Stellantis Mack Assembly Plant in Detroit
Read full article: New documentary shows progress at Stellantis Mack Assembly Plant in DetroitWhen Stellantis merged with Fiat Chrysler, it didnโt waiver on the deal with the city of Detroit to revitalize not only the Mack engine plant but the surrounding area.
Taiwan chipmaker TSMC says profit up 11.2% as demand rises
Read full article: Taiwan chipmaker TSMC says profit up 11.2% as demand risesTSMC, the biggest contract manufacturer of processor chips for Apple Inc. and other global brands, says its latest quarterly profit rose 11.2% over a year earlier to $4.8 billion as demand for smartphones and consumer electronics increased.
GM, Ford outdo each other with electric vehicle investments
Read full article: GM, Ford outdo each other with electric vehicle investmentsGeneral Motors will raise spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology.
Semiconductor chipmaker TSMC says revenue up 16.7% as demand surges
Read full article: Semiconductor chipmaker TSMC says revenue up 16.7% as demand surgesTaiwan Semiconductor Manufacturing Co., the worldโs biggest contract producer of processor chips, says its revenue rose 16.7% in the latest quarter over a year earlier as the global economy rebounded from the coronavirus pandemic and demand surged.
Honda recalls more than 600K vehicles in US for fuel pumps
Read full article: Honda recalls more than 600K vehicles in US for fuel pumpsFILE- This Feb. 14, 2019 file photo shows a Honda logo at the 2019 Pittsburgh International Auto Show in Pittsburgh. Honda has plans to sell two all-electric SUVs in the U.S. for the 2024 model year, and it soon will offer hybrid gas-electric versions of its top-selling models. (AP Photo/Gene J. Puskar, File)DETROIT โ Honda is recalling more than 628,000 vehicles in the U.S. to replace fuel pumps that can fail, causing the engines to stall. Owners will be notified by mail in late May and dealers will replace the fuel pumps for free. Owners of these models can determine if their vehicles are involved by keying in their vehicle identification number at www.recalls.acura.com or www.recalls.honda.com.
GM shifting groups of salaried Michigan employees, aims to maintain benefits of remote work
Read full article: GM shifting groups of salaried Michigan employees, aims to maintain benefits of remote workThis image provided by General Motors shows the GM Logo. (General Motors via AP)DETROIT โ General Motors plans to move around groups of salaried workers in Michigan to โincrease collaborationโ among its teams, the automaker announced Thursday. GM stressed its global headquarters will remain at the RenCen and itโs an โimportant elementโ of the automakerโs future. We are seeking to maintain the benefits of remote work, while also ensuring our teams get the benefit of in-person collaboration,โ reads a statement from GM on Thursday. It has been more than a year now since GM asked thousands of employees to work from home, if possible, when the coronavirus (COVID-19) pandemic swept the globe.
GM extends shutdowns at several plants due to semiconductor shortage
Read full article: GM extends shutdowns at several plants due to semiconductor shortageDETROIT โ General Motors is extending shutdowns at plants in Kansas, Canada and Mexico due to a semiconductor shortage. โGM has not taken downtime or reduced shifts at any of its truck plants due to the shortage. GM had to shut down its Fairfax, Kansas plant that builds the Cadillac XT4 and the Chevy Malibu. AdWhat caused the semiconductor shortage? Industry officials said semiconductor companies diverted production to consumer electronics during the worst of the COVID-19 slowdown in auto sales last spring.
UAW President on Biden supply chains order: โImportant stepโ
Read full article: UAW President on Biden supply chains order: โImportant stepโ(AP Photo/David Zalubowski, File)President Joe Biden signed an executive order Wednesday intended to boost manufacturing jobs by strengthening U.S. supply chains for advanced batteries, pharmaceuticals, critical minerals and semiconductors. There are 12.2 million manufacturing jobs in the United States, down from 17 million in 2000, according to the Bureau of Labor Statistics. United Auto Workers (UAW) President Rory L. Gamble released a statement Wednesday calling this executive order an โimportant stepโAdHere is Gambleโs full statement:โThe UAW is working with and supports President Biden in issuing his executive order on strategic supply chains which comes at a critical time for UAW members, retirees, and their families. The Biden Administrationโs review of key U.S. supply chains, including semiconductor manufacturing, electric car batteries, medical supplies, and rare earth elements is an important step. Over the last year in dealing with the coronavirus pandemic, our nation has repeatedly experienced the pitfalls of offshoring critical supply chains.
Magna announces $70 million EV battery facility for Michigan
Read full article: Magna announces $70 million EV battery facility for MichiganMagna International is breaking ground on a $70 million manufacturing facility in St. Clair, Mich. where it plans to build complex battery enclosures for the all-new 2022 GMC Hummer EV. This investment is expected to create 304 jobs in St. Clair over the next five years. AdIn St. Clair, Magna said it plans to construct a 345,000-square-foot facility with the ability to support an expansion of up to 1,000,000 square feet. AdMeanwhile, it was announced earlier this year that the Hummer EV would be built under the GMC brand name at GMโs โFactory Zeroโ facility at the Detroit-Hamtramck assembly plant. That was announced right after GM said it would invest more than $2 billion in Detroit to manufacture electric vehicles.
UAW on GMโs 2020 earnings: A testament to our membership
Read full article: UAW on GMโs 2020 earnings: A testament to our membershipDETROIT โ General Motorsโ profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall. The Detroit automaker said Wednesday it made $6.43 billion as demand for its vehicles surged late in a year dominated by coronavirus upheaval. The United Auto Workers union called this profit a โtestamentโ to its membership in a statement released Wednesday morning:โDespite a year of a pandemic and loss of production in 2020, General Motors reported a solid profit for North America. This is a testament to our UAW-GM Membership, who produce some of the finest and most sought-after vehicles in the world, right here in the U.S.A.โRead more here. AdLast year: GM churns out profit in 2019 despite strike, slumping sales
GM 2020 profit drops, but it makes $6.43B despite pandemic
Read full article: GM 2020 profit drops, but it makes $6.43B despite pandemicGeneral Motors net profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall. (AP Photo/Richard Drew, File)DETROIT โ General Motors' profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall. GM predicted the shortage will cost it $1.5 billion to $2 billion in earnings before taxes this year due to lost production. Still, GM expects pretax income for the year of $10 billion to $11 billion, or $4.50 to $5.25 per share. Of that, $6 billion would go to electric vehicles and $1 billion would go to autonomous, Chief Financial Officer Paul Jacobson said.
Ford, Misty Copeland launch Mustang Mach-E social challenge to honor women
Read full article: Ford, Misty Copeland launch Mustang Mach-E social challenge to honor womenBut in a new campaign for the Ford Mustang Mach-E, itโs women that Ford wants to appeal to. The carmaker has teamed up with ballerina Misty Copeland to kick things off. Copeland made history as the first Black woman to be a principal dancer at a prestigious dance company. Together, Copeland and Ford have launched a social media challenge called the โMustang Mach-E #ShowSomeMuscleโ social media challenge. Ford says the challenge provides a platform for women in the workplace and at home to flex their muscles and shine a light on their resiliency and achievements.
VW recalls Beetles to replace Takata air bag inflators
Read full article: VW recalls Beetles to replace Takata air bag inflators(AP Photo/Jens Meyer, FILE)DETROIT โ Volkswagen is recalling over 105,000 Beetles with faulty Takata front driverโs air bags that can explode and hurl shrapnel. Dealers will replace the front driver's air bags at no cost to owners starting on Feb. 12. But it's recalling them at the behest of the U.S. National Highway Traffic Safety Administration, which is concerned that the air bags could explode over time. Exploding Takata inflators caused the largest series of auto recalls in U.S. history, with at least 63 million inflators recalled. About 100 million inflators have been recalled worldwide.
General Motors, Nikola partner for Hydrotec fuel cell system in semi trucks
Read full article: General Motors, Nikola partner for Hydrotec fuel cell system in semi trucksDETROIT โ General Motors announced Monday it has signed a non-binding memorandum of understanding with Nikola Corporation for a global supply agreement to provide its Hydrotec fuel cell system for Nikolaโs Class 7/8 semi-trucks. โThis supply agreement recognizes our leading fuel cell technology expertise and development,โ said Doug Parks, GM executive vice president of Global Product Development, Purchasing and Supply Chain. GM and Nikola will discuss the appropriate scope of services that GM would provide for the integration of the fuel cell system into Nikolaโs vehicles. GM and Nikola will also discuss the potential of a supply agreement for GMโs versatile Ultium battery system for Nikolaโs Class 7/8 trucks. GMโs Hydrotec fuel cell system will be engineered at its Michigan technical facilities in Pontiac and Warren and manufactured at its Brownstown Charter Township battery assembly plant.
Toyota adds 1.5M US vehicles to recalls for engine stalling
Read full article: Toyota adds 1.5M US vehicles to recalls for engine stallingDETROIT โ Toyota is adding 1.5 million U.S. vehicles to recalls from early this year to fix fuel pumps that can fail and cause engines to stall. The company says the latest recall brings the total to 5.8 million Toyota and Lexus brand vehicles that need to be repaired worldwide. The recall affects more than 40 vehicles in the U.S. dating to the 2013 model year, covering much of the Toyota and Lexus model lineup. Toyota said in a statement Wednesday that the fuel pumps can suddenly stop operating, and that can cause the vehicles to stall. Toyota began recalling the vehicles in January with about 700,000, and added 1.2 million in March.
Big Three expected to have 100 electric vehicles on the road within 5 years
Read full article: Big Three expected to have 100 electric vehicles on the road within 5 yearsFord Motor Company and GM have recently announced major plans and shown what they intend to do with electric vehicle manufacturing. But that doesnโt mean the internal combustion engine is going the way of the buggy whip. GM is ready to give the Hummer a new life as an electric SUV, Cadillac will build its luxury Lyriq SUV as an electric SUV and Ford is ready with the Mustang Mach-E and an electric F-150. Guidehouse Insights auto analyst Sam Abuelsamid said the Big Three are expected to have 100 new electric vehicle offerings in the next five years and 300 worldwide. This will change manufacturing considering it takes far fewer parts to make an electric vehicle.
GM investing $71 million in two Ohio manufacturing plants
Read full article: GM investing $71 million in two Ohio manufacturing plants(Copyright 2020 The Associated Press. All rights reserved)OHIO โ General Motors announced today plans to invest $71 million into two Ohio manufacturing facilities, including $39 million at its Toledo transmission plant and $32 million at its Defiance casting plant. Work will begin immediately at the two locations. These investments will enable GM to retain 240 US manufacturing jobs. READ MORE: Automotive News
Ford to build electric truck center in Dearborn, add 300 jobs
Read full article: Ford to build electric truck center in Dearborn, add 300 jobsDEARBORN, Mich. โ Ford says it will add 300 jobs at a new factory thatโs being built to assemble batteries and manufacture an electric version of the F-150 pickup truck. The new plant -- called the Rouge Electric Vehicle Center -- is being built at the Ford Rouge complex in Dearborn, Michigan, where Ford is starting to produce a new version of the F-150 thatโs due in showrooms this November. This short video shows an animation of the center construction:โWe are proud today to announce for our Ford UAW members and our nation that Ford is building this new plant to assemble the truck of the future -- a battery electric Ford F-150," reads a statement from United Auto Workers (UAW) Ford Vice President Gerald Kariem. Ford says the new electric truck will go on sale in mid-2022. Hereโs some bonus video from Ford showing the all-electric F-150 prototype testing:
Hyundai warns owners to park outside, recalls 180,000 SUVs
Read full article: Hyundai warns owners to park outside, recalls 180,000 SUVsDETROIT โ For the second time this month, Hyundai is telling some SUV owners to park outdoors because an electrical short in a computer could cause vehicles to catch fire. The Korean automaker is recalling about 180,000 Tucson SUVs in the U.S. from 2019 through 2021 to fix the problem. Hyundai says on Friday that it knows of a dozen engine fires caused by the problem but no injuries. In April of 2019, NHTSA opened two new investigations into fires involving Hyundai and Kia vehicles after getting complaints of more than 3,100 fires and 103 injuries. NHTSA had previously said it would incorporate the noncrash fires into a 2017 investigation that examined recalls of Hyundai and Kia vehicles for engine failures.
Ex-UAW president Dennis Williams charged with corruption in federal probe
Read full article: Ex-UAW president Dennis Williams charged with corruption in federal probeDennis Williams is the 15th person to be charged in an investigation of the senior ranks of the venerable labor union. He retired as UAW president in 2018, handing the reins to Gary Jones, who was promoted to the top job from the union's St. Louis-area regional office. More than $22,000 in union money was used to rent a villa for Williams for a four-month period in 2016-17, the charging document states. Ten union officials and a late officials spouse have pleaded guilty since 2017, although not all the crimes were connected. In June, current UAW President Rory Gamble met with Schneider to discuss an independent monitor to oversee the union.
Honda reaches $85 million settlement over Takata airbags
Read full article: Honda reaches $85 million settlement over Takata airbagsNEW YORK Honda has reached an $85 million settlement with multiple states over allegations that it hid safety failures in the airbags of certain Honda and Acura vehicles sold in the U.S. The settlement was announced by James Tuesday, but involved attorneys general from 48 states. Honda has recalled approximately 12.9 million Honda and Acura vehicles equipped with the defective inflators since 2008. Under a separate class action settlement, Honda customers are entitled to restitution for damages or injuries that occurred as a result of the defective airbags. More: Takata airbags coverage
Cadillac debuts LYRIQ show car, a fully electric crossover vehicle
Read full article: Cadillac debuts LYRIQ show car, a fully electric crossover vehicleDETROIT Cadillac is diving into the world of electric cars with its debut of the LYRIQ show car, a full electric luxury crossover vehicle. Led by LYRIQ, Cadillac will redefine American luxury over the next decade with a new portfolio of transformative EVs, said Steve Carlisle, executive vice president and president, GM North America. READ: More automotive coverageThe car will have DC fast charging rates over 150 kilowatts and Level 2 charging rates up to 19 kW2. It will also have rear-wheel drive and performance all-wheel drive configurationsLYRIQ will offer the enhanced version of Super Cruise3, a hands-free driver assistance feature. LYRIQ was conceived to make every journey exhilarating and leverages more than a century of innovation to drive the brand into a new era, while rewarding passengers with a more personal, connected and immersive experience, said Jamie Brewer, Cadillac LYRIQ chief engineer.
BMW reports loss for 2nd quarter but sees rebound in China
Read full article: BMW reports loss for 2nd quarter but sees rebound in ChinaFRANKFURT German automaker BMW lost 212 million euros ($250 million) in the second quarter as the coronavirus pandemic shutdowns cut vehicle sales by a quarter in the April-June period. The company saw a rebound in China, its biggest market. The net loss compared with a profit of 1.48 billion euros in the same period a year ago. The company said a positive trend was emerging in China, which was hit earlier by the virus but also reopened sooner. Sales there rose 17% in the second quarter compared with the year-earlier quarter.
Japans Honda reports loss in April-June as virus hits sales
Read full article: Japans Honda reports loss in April-June as virus hits salesHonda Motor Co. racked up an 80.8 billion yen ($765 million) fiscal first quarter loss, a reversal from a 172 billion yen profit in the previous fiscal year. The crisis has reaffirmed the need for Honda to reshape its operations by beefing up online sales and growing leaner, he said. Nissan Motor Co., already reeling from a scandal surrounding its former executive Carlos Ghosn, racked up a 285.6 billion yen ($2.7 billion) loss and has announced plant closures in Spain and Indonesia. Honda said it is projecting a 165 billion yen ($1.6 billion) profit for the fiscal year through March 2021, down 64% from a year earlier. It expects to sell 4.5 million vehicles in the current fiscal year, down from 4.79 million vehicles in the fiscal year that ended in March.
General Motors targets FCA, former UAW leaders in new court filing
Read full article: General Motors targets FCA, former UAW leaders in new court filingDETROIT General Motors appears to have adopted a scorched earth policy when it comes to its lawsuit against Fiat Chrysler Automobiles. Bribes were paid to individuals working within GM, who then stashed them in secret overseas accounts, GM said in a court filing. GM also claims while Ashton sat as the UAWs member on the General Motors board, he acted as a paid mole, giving GM proprietary information to FCA. GM goes on to say, it was former UAW president Dennis Williams who put Ashton up to all of this. But then, General Motors brought in the name of the long retired former UAW president Ron Gettelfinger, who has to date not been involved in the scandal.
Plant closings send GM to 2Q loss, but signs of improvement
Read full article: Plant closings send GM to 2Q loss, but signs of improvementThe company reported a loss of 50 cents per share excluding one-time items. GM burned through more than $9 billion during the quarter including nearly $8 billion from operations and $1.1 billion in capital spending. GM said sales are showing signs of improvement, and in some areas, such as pickup trucks, have been constrained by low inventory levels as plants came back on line. The company reported strong sales of pickup trucks and new full-size SUVs such as the Chevrolet Tahoe and GMC Yukon. But Japans struggling Nissan reported a $2.7 billion loss (285.6 billion yen) for the period.
GM posts $806m loss in 2020 second quarter
Read full article: GM posts $806m loss in 2020 second quarterREAD: Plant closings send GM to 2Q loss, but signs of improvementIn the second quarter of the year -- during the depths of the pandemic -- GM reported it lost $806 million and spun through billions of dollars in cash. GM looked at it as a glass half-full proposition -- When you have the unprecedented problem of a month in the second quarter with no production or sales around the globe, there is only one way to go: up. But its not going to be totally smooth sailing.There remains uncertainty with COVID-19, particularly in states where GM has assembly plants. GM has plants in Fort Wayne, Indiana where they build trucks and the Corvette plant in Kentucky, Krebs said. GM announced another positive step toward normalcy theyre going to end the 20% salary deferrals many employees took and pay it back at 6% interest.
FCA, Groupe PSA merger officially named Stellantis
Read full article: FCA, Groupe PSA merger officially named StellantisDETROIT The merger between Fiat Chrysler Automobiles (FCA) and Groupe PSA (PSA Peugeot) has born a new name: Stellantis. Actually, its officially STELL/\NTIS, a name rooted in the Latin verb stello meaning to brighten with stars, according to the automakers joint news release on Wednesday. FCA and PSA announced in December they signed a binding merger deal creating the worlds fourth-largest auto company with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies. The companies said the new group will be led by PSAs cost-cutting CEO Carlo Tavares, with Fiat Chryslers chairman John Elkann as chairman of the merged company. Fiat Chrysler CEO Mike Manley will stay on, but it was not announced in what capacity.
Ford brings back Mustang Mach 1
Read full article: Ford brings back Mustang Mach 1After a 17-year hiatus, the all-new Mustang Mach 1 fastback coupe makes its world premiere - becoming the modern pinnacle of style, handling and 5.0-liter V-8 pony car performance. Calling back Chuck Yeagers feat becoming the first to break the sound barrier Mach 1 Ford delivered its original Mach 1 in 1969, setting 295 speed and endurance records in its first model year at the Bonneville Salt Flats. Thanks to its added handling capability, Mach 1 teams earned back-to-back SCCA Manufacturers Rally Championships in 1969 and 1970. Bold styling, great acceleration and speed Mach 1 says it all, said Jim Farley, Fords chief operating officer. Related: Ford unveils new electric SUV: The Mustang Mach-E
China auto sales up 14.5% in May, recovering after pandemic
Read full article: China auto sales up 14.5% in May, recovering after pandemicChinas auto sales surged 14.5% in May, a second straight month of growth as the global industrys biggest market gradually recovers from the coronavirus pandemic, the China Association of Automobile Manufacturers said Thursday. (AP Photo/Mark Schiefelbein)HONG KONG Chinas auto sales surged 14.5% in May, a second straight month of growth as the global industrys biggest market gradually recovers from the coronavirus pandemic. Sales fell 9.6% last year, their second straight annual decline. The downturn is squeezing brands that are investing billions of dollars to develop electric vehicles under pressure to meet government sales targets. Demand for electric vehicles weakened last year after Beijing reduced subsidies that helped to make China their biggest market, accounting for half of global sales.
Ford COO sees three-shift days at some plants as production ramps up
Read full article: Ford COO sees three-shift days at some plants as production ramps upDETROIT Ford expects to have its U.S. factories humming at pre-coronavirus levels by July 6. Many plants reopened working two shifts and have since added production with workers on overtime. He said the company plans to go to three shifts per day at some plants. Ford and the rest of the U.S. auto industry closed factories in mid-March when employees started catching the coronavirus. Ford initially had trouble restarting in Chicago and Dearborn, Michigan, due to employees testing positive for the virus or due to parts shortages.
France unveils $8.8 billion rescue for ailing car industry
Read full article: France unveils $8.8 billion rescue for ailing car industryThe logo of French carmaker Renault is pictured at the Flins plant of French carmaker Renault in Aubergenville, west of Paris, Monday, May 25, 2020. French President Emmanuel Macron is set to unveil sweeping new measures to rescue France's car industry, hammered by virus lockdown and the resulting recession. (AP Photo/Christophe Ena)PARIS French President Emmanuel Macron announced an 8 billion-euro ($8.8 billion) plan Tuesday to save the countrys car industry from huge losses wrought by virus lockdowns, including a big boost for electric vehicles. PARIS (AP) French President Emmanuel Macron is set to unveil new measures Tuesday to rescue the country's car industry, which has been hammered by the virus lockdown and the resulting recession. Macron tweeted that government investment in the national car industry, which includes brands like Peugeot-Citroen and Renault as well as parts suppliers, will increase massively."
General Motors appoints 2 executives, creates new position
Read full article: General Motors appoints 2 executives, creates new positionDETROIT โ General Motors announced two executive appointments Friday, with Brian Sweeney as vice president of Dealer Operations and Innovation โ a newly formed position โ and Steve Hill as vice president of U.S. Sweeney will work closely with Chevrolet, Buick and GMC to โdeliver a world-class customer experience and robust dealer business model,โ announced GM in a news release. Hill will lead Chevrolet in maintaining continuity and sales momentum, the news release stated. โOur dealers are already do an excellent job taking care of our customers and Brian and Steve have played a major role in building that foundation,โ said Barry Engle, executive vice president and president of GM North America. โCompetition is intensifying, customer expectations are rising, and technology is transforming vehicles, dealership operations and the way we engage with customers.