The CEO of one of the nation’s largest automakers says metal tariffs imposed by the Trump administration earlier this year have cost his company $1 billion in profits and sales. Ford boss Jim Hackett made the comment at a gathering of business leaders in New York on Wednesday. The administration imposed the steel and aluminum […]
President Donald Trump’s tariffs — and talk of more — are driving global automakers to make some big decisions. Volvo, which has a Chinese parent company and makes a couple vehicles on the mainland there, canceled a planned initial public offering of its stock, citing the dark cloud of tariffs. Ford, which makes a version of […]
An “Artificial Intelligence for American Industry” summit is being hosted at the White House today. Executives from Amazon, Facebook, Ford and IBM will be there. One big topic on the agenda? Government regulation. Turns out the federal government hasn’t written any regulations just for artificial intelligence. Click the audio player above to hear the full story.
What do BMW, Cadillac, Ford, Lincoln, Mercedes, Porsche and Volvo have in common? They're all offering car subscriptions that let drivers rent vehicles by the month for a flat fee that includes maintenance and insurance.
Ford Motor Co. announced it’s going to stop making cars for the North American market, save the Mustang and Focus Active. The automaker plans to phase out five of its cars to focus on SUVs, trucks and crossovers. Dan Neil writes about cars for the Wall Street Journal. He talked with Marketplace host Kai Ryssdal about […]
For years, low gas prices fueled sales of SUVs and pickup trucks, and low interest rates made it easier for car buyers to trade up every time some shiny new technology came along. But with gas prices and interest rates rising, and tariffs on imported aluminum and steel driving up costs, automakers are facing an […]
The future of driving may be closer than we thought. General Motors has announced plans to mass produce a fully autonomous car without a steering wheel or pedals in 2019 — if it gets the go-ahead from federal regulators. Ford and other manufacturers aren’t far behind. Click the audio player above to hear the full […]
While some industries may be going through a watershed moment of zero tolerance for sexual harassment, other workplaces may be much slower to change. A recent investigation by the New York Times into two Chicago-based Ford Motor Co. factories shows an entrenched culture of harassment and sexual assault. Senior correspondent Susan Chira, along with her colleague […]
July sales are down across the board for the Detroit Three automakers, 15.5 percent for GM, 10 percent for Chrysler and 7.5 percent for Ford. That makes seven straight months of declines for the U.S. auto industry at large. Now, considering the last two years basically broke every kind of sales record in the books, […]
