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Ford

Ford commits $11.4 billion for shift to electric vehicles

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A monumental announcement by Ford CEO Jim Farley sees the carmaker investing $11.4 billion into electrified mobility. The investment will create roughly 11,000 new jobs and is by far the largest commitment to EV tech development and manufacturing by any automaker in the US. The release details plans for several new initiatives by Ford. A […]
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Ford

Ford ends production in India after $2 billion in losses...

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The fifth-largest carmaker in the world, Ford, is pulling the plug on manufacturing in India. In an announcement on Thursday, Ford CEO Jim Farley indicated that the car company would wind down its factories by the end of Q2 2022. An unsustainable market has been mentioned as the reason for Ford’s decision. Over the past […]
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A handful of C-suite roles change in auto industry this...

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In the past few days, significant roles in the automotive industry have shuffled. The moves impact major carmakers like Ford, Mercedes-Benz, and Chrysler as well as tech companies like Apple. For all the hires involved, it centers on growing their brands through unprecedented changes. Doug Field joins Ford Ford has procured another great mind in […]
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Ford lightning

Ford doubles F-150 Lightning production target on strong demand

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It’s been just over three months since Ford announced the all-electric version of their best-selling pickup, the F-150 Lightning. Deliveries are expected to start in the spring of 2022, and the Blue Oval company added 500 new jobs in the Rouge Electric Vehicle Center to assemble these pickups. But months before the first delivery rolls […]
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Q2 profit

Carmakers exceed expectations for Q2 profit in the US

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As anticipated, the first few days in August have second-quarter financial reports rolling in from carmakers. In large part, Q2 2021 has been one of the best on record with profits exceeding the forecasts set earlier in the year as the chip shortage was factored in. GM, Stellantis, Toyota, Hyundai, Mazda, and others are into […]
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Auto industry leaders ruffle feathers with recent tweets

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Elon Musk hasn’t particularly cared about tradition and has often upset those who have enjoyed the control they had on their business environment. Recently, MSNBC wrote, “Elon Musk’s tweets are moving markets — and some investors are worried.” The truth is, even the media are concerned because, unlike decades ago, they aren’t the only funnel of information […]
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General Motors

General Motors CEO Mary Barra’s pay increased to $23.7M in...

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General Motors CEO Mary Barra experienced a pay raise in 2020. Barra remained the highest-paid CEO of the major Detroit automakers last year, earning $23.7 million, a 9.4% jump in her seventh year at the head of General Motors.  The automaker released her compensation in its annual proxy statement, which included a base salary of […]
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Ford CEO Jim Farley jabs Tesla for FSD testing

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Tesla might have led the way with battery electric technology, but Ford isn’t going to take the fight lying down. With the release of the Mustang Mach-E, Ford’s CEO Jim Farley has decided to take a few swings at the pioneer. Farley’s hope is that consumers will see that Ford doesn’t approach testing the same […]
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Ford

Ford to allow 30,000 executives to utilize a hybrid work...

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Ford Motor Company announced on Wednesday that roughly 30,000 white collar workers will have the choice for when, if, and how often they will return to work in their office. Since beginning a work from home strategy in March 2020 at the beginning of the pandemic, a date to return to working at their office […]
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Wrapping up the 2021 NADA Virtual Show

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The first ever virtual National Automobile Dealers Association (NADA) show is coming to an end. The virtual experience began on Tuesday, February 9 and ran through Thursday, February 11. The three-day event highlighted the direction of the retail automotive industry in 2021. Originally scheduled to take place in New Orleans, LA, the NADA show was […]
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