2022 Ford F-150 Lightning Ford DETROIT — The electric Ford F-150 Lightning was named MotorTrend’s 2023 truck of the year Tuesday, topping traditional pickups with internal combustion engines fro...
Tag: Detroit
GM, Stellantis rank worst for fuel efficiency, even amid EV push
GMC vehicles sit on display at the Sterling McCall Buick GMC dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images DETROIT – General Motors may be transitioning to an all-elec...
Dallas Mavericks ‘Touched Base’ With The Detroit Pistons About Trading For Nerlens Noel
NEW YORK, NEW YORK – NOVEMBER 11: Nerlens Noel #3 of the Detroit Pistons looks on during a break in … [+] the action during the second quarter of the game against the New York Knicks at Ma...
Detroit Pistons Guard Killian Hayes Is Finally Turning Heads
MIAMI, FLORIDA – DECEMBER 06: Killian Hayes #7 of the Detroit Pistons shoots over Victor Oladipo #4 … [+] of the Miami Heat during the first quarter of the game at FTX Arena on December 06...
Used vehicle demand and prices continue to decline from record highs
A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale prices of used vehicles reached thei...
Ford CEO says 65% of U.S. dealers agree to sell EVs
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – About 65% of Ford Motor’s dealers have agreed to sell elect...
Ford says making its own parts for electric vehicles could offset job losses
Ford CEO Jim Farley (left) with Michael Wayland / CNBC DETROIT – Ford Motor is attempting to build as many of its own parts as possible for its electric vehicles to offset an expected 40% reduction in...
Why investors have jumped off the Carvana bandwagon
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC DETROIT – Last year, Carvana CEO and cofounder Ernie Garcia went on a victory lap. He touted the company’s “landmark” second-quarter resu...
Derek Jeter promotes Jeep Grand Wagoneer SUV
Derek Jeter will star with his wife, fashion model and television host Hannah Jeter, in the Grand Wagoneer’s new “Eyes Wide Open” campaign as part of a long-term partnership. Jeep DE...
GM temporarily suspends advertising on Twitter following Musk takeover
DETROIT — General Motors is suspending its advertising on Twitter following Elon Musk’s takeover of the social media platform, the company told CNBC on Friday. The Detroit automaker, a rival to ...
Chrysler owner Stellantis offers buyouts to some U.S. employees
The sign is seen outside of the FCA US LLC Headquarters and Technology Center as it is changed to Stellantis on January 19, 2021 in Auburn Hills, Michigan. – Newly-created European carmaker Stel...
AutoNation, Lithia rally despite Wall Street’s ‘demand destruction’ theory
Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT – Shares of AutoNation, Group 1 Automotive and other automo...
Ford Motor (F) earnings Q3 2022
2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor is set to report its third-quarter earnings after the bell on Wednesday. Here’s what Wall Street is expecting, according to Refinitiv consensus...
Ford reveals 2023 Escape to sell alongside Bronco Sport SUV
2023 Ford Escape ST-Line Elite Ford DETROIT — Ford Motor is updating its popular Escape as part of a two-pronged sales strategy alongside the newer, more rugged Bronco Sport in the highly competitive ...
Biden’s EV tax credit rules deal ‘astronomical’ blow to business
DETROIT – The Biden administration’s elimination of tax credits for imported electric vehicles deals a massive blow to Hyundai Motor’s business, an executive for the automaker said Wednesd...
GM’s Cadillac Celestiq EV costs $300,000 and is customizable
2024 Cadillac Celestiq Cadillac DETROIT – Cadillac is testing the limits of its brand allure and pricing power with the 2024 Celestiq – a large, bespoke electric car that will start at more than $300,...
GM’s Chevrolet Trax crossover comes with new tech, design, lower price
2024 Chevrolet Trax ACTIV GM DETROIT — General Motors on Wednesday revealed a new version of its Chevrolet Trax — the brand’s entry-level crossover — with new technologies and a more aggressive ...
Michigan’s Romney Was Brainwashed—By The Income Tax
Over the summer I played golf at a course near Nashville. The club paired me with a thirtysomething gentleman. The two of us exchanged questions about what we do. His answer: “I’m an autoworker.” Of c...
Lyft president still thinks driverless cars will dominate ride-share
Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angele...
GM, Ford shares tumble after UBS downgrades cite weakening demand
The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Mo...
New cars are finally back in stock, but they come at a steep price
Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT — New cars are slowly becoming more widely available, as su...
Ford ups starting price of electric F-150 Lightning to $51,974
Ford F-150 Lightning pickup trucks are shown at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor is increasing the sta...
Ford’s sales up 16% in third quarter, despite September decline
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor on Tuesday said its sales in the third quarter increased about 16% compared with a year earlier, despite a l...
GM third quarter sales rise 24% over 2021 totals
People look at the Cadillac Lyriq electric vehicle at the Cadillac booth at the North American International Auto Show in Detroit, Michigan on September 14, 2022. Geoff Robins | AFP | Getty Images DET...
Kygo And Blu DeTiger To Headline Forbes’ Under 30 Summit Music Festival In Detroit
Forbes Under 30 Summit 2022 Forbes Featured speakers at the Forbes Under 30 Summit will include Megan Thee Stallion, Benito Skinner, Hailey Bieber, Josh Silverman, Ashley Tisdale, Michael Tubbs and mo...
Ford’s supply chain problems include blue oval badges for F-Series pickups
A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Images DETROIT – Recent supply chain problems for Ford Motor have included ...