In this article F Follow your favorite stocksCREATE FREE ACCOUNT Business colleagues sitting at conference table seen through glass wall. Morsa Images | Digitalvision | Getty Images Ford director Kimberly Casiano was the first Hispanic woman to serve on a Fortune 100 top five corporate board. A founding member of the Latino Corporate Directors Association,
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Top executives at Toyota‘s North American operations anticipate new-vehicle average transaction prices will break the $50,000 barrier and continue to rise, that demand will outstrip supply again this year even as the supply chain recovers and that there now may be as many as 6 million potential new-vehicle buyers sidelined by inventory and pricing. Speaking
2:46 AM ET Former Formula One world champion Jenson Button said that he suffered heat exhaustion and nearly retired from the race before finishing 18th at his NASCAR debut in Texas on Sunday. The 43-year-old Briton, who won the F1 world championship in 2009, said he feared fainting while driving his Ford Mustang during the
A trial kicks off in San Francisco federal court on Monday to determine how much money Tesla Inc. must pay to a Black elevator operator who a jury determined was subjected to severe racial harassment while working at the electric auto maker’s flagship assembly plant. The trial is scheduled to last five days. Last year,
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT The Chevrolet Camaro ZL1 starts at about $62,000 and is powered by a 650-horsepower V8 engine, a considerable upgrade over the roughly $26,000 base model. Source: General Motors DETROIT – General Motors will end production of the Chevrolet Camaro in its current form early next year, as
DETROIT — The election of Shawn Fain as the UAW‘s fifth president in five years could upend what are already expected to be difficult contract negotiations between the union and Detroit 3 automakers later this year. But his razor-thin margin of victory over incumbent Ray Curry — Fain won by fewer than 500 votes and
In this article F Follow your favorite stocksCREATE FREE ACCOUNT John Lawler, Chief Financial Officer of Ford, rings the opening bell at the New York Stock Exchange (NYSE), March 23, 2023. Brendan McDermid | Reuters Ford Motor disclosed on Thursday that its electric vehicle unit, called Ford Model e, lost $2.1 billion in 2022 —
Automotive customers want what they want from suppliers. At one time or another over the years, automakers have made the delivery of lightweighting solutions, technology advances and the construction of global sourcing footprints their top supplier priority. Ralf Göttel, CEO of Benteler Group, an Austrian global supplier of metal automotive parts, spoke with Automotive News
Club holdings Apple (AAPL) Ford Motor (F) and Estee Lauder (EL) were in the news Thursday. Here are the headlines and the implications for the Club’s investment thesis for each name. Apple AAPL YTD mountain Apple’s stock performance year-to-date. The news: Apple is planning to ratchet up spending on movies to release in theaters, and
9:17 PM ET Associated Press AUSTIN, Texas — A.J. Allmendinger dominated early, then had to fight to retake the lead at the start of the final stage to earn his 11th career NASCAR Xfinity series road course victory Saturday at the Circuit of the Americas. Allmendinger bumped Sheldon Creed out of the lead with 14
DETROIT — Shawn Fain, a member of the UAW international staff in the Stellantis department who ran as a change agent for a union rocked by scandal, will become the next UAW president following a historic election that broke the so-called Reuther Administrative Caucus’ decades-long stranglehold on power. Fain, 54, won a runoff against incumbent
Supporters wave signs during an address at the Time Warner Cable Arena in Charlotte, North Carolina, on September 5, 2012 on the second day of the Democratic National Convention (DNC). Mladin Antonov | AFP | Getty Images DETROIT – United Auto Workers members have ousted their president in the union’s first direct election, ushering in
5:19 AM ET Brazil’s triple Formula One champion Nelson Piquet must pay $953,050 (5 million Brazilian Reals) in moral damages for racist and homophobic comments against Mercedes driver Lewis Hamilton, a Brazilian court ruled on Friday. In an interview in November 2021, Piquet used a racial slur referring to the seven-time world champion, when commenting
Swiss instrument supplier Inficon has been detecting air leaks for years — on air conditioners, refrigeration, airbags and transmission housings — to look for manufacturing flaws and toxic chemicals. Now the auto industry is asking the company to find leaks in a booming new segment: electric vehicle batteries. And it’s not about air getting out.
Customers browse in a used car lot on February 15, 2023 in Glendale, California. Mario Tama | Getty Images All new vehicles become used cars and trucks once they’re sold. It’s an obvious statement, but one that needs to be laid out to explain the root cause for ongoing inventory and pricing issues in the
4:03 PM ET The Las Vegas Aces, the reigning WNBA champions, have added to their championship credentials. Seven-time Super Bowl champion Tom Brady acquired a minority stake in the team whose majority owner is Las Vegas Raiders owner Mark Davis. “I have always been a huge fan of women’s sports, and I admire the work
Paul Napleton and stepson Danny Randolph of Napleton Auto Group acquired five dealerships in three transactions last year to grow their partnership. Paul Napleton is the brother of Edward Napleton, CEO of Napleton Automotive Group, based in Oakbrook Terrace, Ill. Napleton and Randolph on Aug. 29 acquired Don McCue Chevrolet in St. Charles, Ill., from
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford’s BlueOval City electric vehicle and battery manufacturing campus in West Tennessee is scheduled to begin production in 2025. It will be home to Ford’s second-generation electric truck, code named Project T3, and will be capable of producing 500,000 EV trucks a year at full