Mary Barra, CEO of General Motors at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors will offer voluntary buyouts to a “majority” of its U.S. white-collar employees, as ...
Tag: Detroit
Used vehicle prices rising at an unseasonably strong rate
A used car dealership is seen in Annapolis, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at ma...
Ford’s February auto sales jump 22% from subdued 2022 results
Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Mi...
UAW leadership upheaval peaks ahead of automaker negotiations
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – As the United Auto Workers pr...
NBA’s Detroit Pistons Pair With RareCircles For New NFT Launch
The NBA’s Detroit Pistons made a splash at the trade deadline, securing 2020’s #2 draft pick James Wiseman as part of a 4-team trade. Wiseman had a nice showing in his Pistons’ debut, and now the team...
Detroit Mercy’s Antoine Davis May Break Pete Maravich’s NCAA Men’s Basketball Career Scoring Record
Detroit Mercy guard Antoine Davis drives as Youngstown State guard Garrett Covington (32) defends … [+] during an NCAA college basketball game, Thursday, Jan. 12, 2023, in Detroit. Davis, the na...
Ford F-150 Lightning EV production halted until end of next week
Ford CEO Jim Farley pats a Ford F-150 Lightning truck before announcing at a press conference that Ford Motor Company will be partnering with the world’s largest battery company, a China-based c...
Ford halts F-150 Lightning production due to possible battery issue
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – Ford Motor has paused pro...
Ford sets EV battery factory plan with China’s CATL
DETROIT – Ford Motor said Monday it will collaborate with a Chinese supplier on a new $3.5 billion battery plant for electric vehicles in Michigan, despite tensions between the U.S. and China. The ant...
January used vehicle prices pop, according to Cox’s Manheim index
A man shops for used vehicles at the Toyota of Deerfield dealership in Deerfield Beach, Florida. Getty Images DETROIT – Stronger-than-expected demand for used vehicles last month led to the largest in...
Ford sold most of its Rivian stake last year
RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor liquidated most of its ownersh...
Tesla, General Motors get boost from EV SUV tax credit change
A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT –...
Ford (F) earnings Q4 2022
Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford Motor is ...
Michigan’s Cannabis Regulatory Agency Reports Record-High Sales—And Robberies
getty Key takeaways Michigan’s CRA reported that the state brought in over $221 million in revenue for December between adult-use and medical-use marijuana sales While the revenue news was positive, t...
General Motors (GM) earnings Q4 2022
Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT — General Motors is set to report its fourth-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecti...
Ford cuts price of EV Mustang Mach-E, following Tesla’s cuts
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT — Ford Motor is increasing...
Audi’s new EV is SUV with augmented reality that doubles as pickup
Audi Activesphere EV concept Audi Audi’s new concept vehicle is an all-electric luxury SUV that uses augmented reality glasses and can double as a small pickup truck, signaling potential future ...
Tesla’s price cuts could spur an EV pricing war
A Tesla showroom is seen in the City Center shopping center on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts...
10 auto industry predictions for 2023
A customer looks at a vehicle at a BMW dealership in Mountain View, California, on Dec. 14, 2022. David Paul Morris | Bloomberg | Getty Images DETROIT — Wall Street and industry analysts remain on hig...
Used vehicle prices are falling but not enough to offset record highs
A salesman walks past used Toyota Motor vehicles at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020. George Frey | Bloomberg via Getty Images DETROIT — Used vehicle prices ar...
The Good, Bad And Ugly From The Green Bay Packers’ Season-Ending Loss To The Detroit Lions
Green Bay Packers quarterback Aaron Rodgers (12) and Green Bay Packers wide receiver Randall Cobb … [+] (18) walk off the field after losing to the Detroit Lions Sunday night. Copyright 2023 The...
America’s top 10 bestselling cars of 2022: Tesla makes the cut
A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT —...
2022 U.S. auto sales are worst in more than a decade
New Jeeps on display at a New York City car dealership on Oct. 5, 2021. Spencer Platt | Getty Images DETROIT — Automakers are hopeful last year’s new vehicle sales — the worst in more than a dec...
Ford pickup truck sales in December help narrow overall sales decline
2023 Ford Super Duty F-350 Limited Ford DETROIT – Ford Motor narrowed its U.S. sales loss last year to 2.2%, as the automaker notably increased sales of its F-Series pickups to end 2022 with a slight ...
General Motors (GM) sales Q4 2022
2022 GMC Sierra 1500 Denali Ultimate GM DETROIT – General Motors reclaimed its U.S. sales crown from Toyota Motor last year as the Detroit automaker eked out a slight gain in annual U.S. vehicle sales...
Ford F-Series 2022 sales show pickup continued decades-long dominance
2023 Ford F-150 Raptor R Ford DETROIT – The Ford F-Series continued its decadeslong U.S. sales dominance in 2022 despite ongoing parts and supply chain problems, the company said Tuesday. Ford Motor r...
Detroit, Charlotte & Houston Are The Leading Contenders To Land Transcendent Basketball Star Victor Wembanyama
Metropolitan 92’s French power forward Victor Wembanyama reacts during the French Elite basketball … [+] match between Boulogne-Levallois Metropolitans 92 and Fos-sur-Mer at the Palais des...
Auto execs less confident in EV adoption amid economic fears: KPMG
A NYC charging station seen in the Yorkville neighborhood of New York City. Adam Jeffery | CNBC DETROIT — Global automotive executives are less confident about the rate of adoption of electric vehicle...
Calvin Johnson Talks Detroit Lions’ Resurgence, Jared Goff’s Future And His New Cannabis Product
Former Detroit Lions wide receiver Calvin Johnson believes the team is in good hands with head coach … [+] Dan Campbell and quarterback Jared Goff. (Photo by Nic Antaya/Getty Images) Getty Image...