Detroit

A Ford Mustang Mach-E GT compact sports utility vehicle during the 2022 New York International Auto Show in New York on April 14, 2022.Michael Nagle | Bloomberg | Getty ImagesDETROIT — Ford Motor is rethinking its electric vehicle strategies, including "reassessing" the need for vertical integration of batteries, CEO Jim Farley said Tuesday.The Detroit automaker previously confirmed plans to delay or cut $12 billion in spending on all-electric vehicles, but the comments made Tuesday are the most detailed about Ford's…

Ford CEO Jim Farley at the company's Dearborn, Michigan, plant where it's building the electric F-150 Lightning on April 26, 2022.CNBC | Michael WaylandDETROIT – Ford Motor is announcing fourth-quarter and 2023 earnings after the markets close Tuesday.Here's what Wall Street expects, based on average analysts' fourth-quarter estimates compiled by LSEG, formerly known as Refinitiv:Adjusted earnings per share (EPS): 14 centsAutomotive revenue: $40.12 billionThose results would mark a 73.4% decrease in adjusted EPS compared…

General Motors reveals the new 2016 Chevrolet Volt to the media at the 2015 North American International Auto Show on January 12, 2015 in Detroit, Michigan.Getty ImagesDETROIT – General Motors is changing its product lineup strategy to include plug-in hybrid electric vehicles, CEO Mary Barra told investors Tuesday.Barra did not disclose specific details of the plans other than that PHEVs, which include an internal combustion engine along with battery technologies, will be rolled out on "select vehicles" in North America…

The 2025 Chevrolet Equinox RS.ChevroletDETROIT — General Motors is redesigning its gas-powered Chevrolet Equinox crossover to look more rugged than its predecessors in an attempt to move the vehicle upmarket and attract new buyers.The 2025 Equinox, which GM revealed Tuesday, will feature additional standard safety and convenience features.Brad Franz, director of Chevy car and crossover marketing, said the changes to the Equinox are meant to boost the appeal of the vehicle, which GM introduced about 20 years ago. The…

Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023.David Dee Delgado | ReutersStellantis won't sell electrified vehicles such as hybrids and all-electric models at a loss like other automakers have, CEO Carlos Tavares said Friday.Tavares, who has been skeptical around consumer adoption of EVs, said the company is currently making money on its electrified vehicles and will continue to do so with its next-generation vehicles, which…

Mary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022.Source: NYSEDETROIT — Monday marks 10 years of Mary Barra's tenure as CEO of General Motors, ushering in a crucial year for the Detroit automaker and for her legacy.Over the past decade, Barra has been a dynamic executive, guiding the company through high-profile crises as the first female leader of a major automaker. Under her stewardship, GM has seen record profits, cultural changes and major achievements, including beating Wall Street…

Automakers are looking to an old friend to help offset rising labor costs: robots.For decades, car companies have increased automation inside their factories. Now, auto executives are looking more closely at this approach, to address a rising labor bill and take advantage of more sophisticated technology. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Automakers are looking to an old friend to help offset rising labor costs: robots.For decades, car companies have…

"You owe me this favor, bro. I was there for you when you won it," rapper tells Matthew Stafford. "Can you just let us have this one?" Eminem, in addition to being a Rock and Roll Hall of Fame-inducted rapper, is also a long-suffering Detroit Lions fan. In a promo cut before the team’s playoff game Sunday against the Los Angeles Rams, Eminem asks former Lions (and now Rams) quarterback Matthew Stafford to help him and Detroit out. “Stafford, what’d I say?” Eminem asks in the video NBC shared…

An Embraer E175LR passengers aircraft of American Eagles airlines (C) taxxing before take-off to Pittsburg is seen at La Guardia Airport on January 9, 2024.Charly Triballeau | Afp | Getty ImagesAirlines canceled about 2,000 U.S. flights Friday as they grapple with winter weather and the grounding of Boeing 737 Max 9 planes. Storms in the Midwest helped drive more than 4,500 delays, with major disruptions around Chicago and Detroit, major hubs for the largest U.S. carriers, according to flight-tracker FlightAware.About 40%…

A for sale sign hangs outside a home on the west side of Detroit, Michigan.Fabrizio Costantini | Bloomberg | Getty ImagesHome prices are rising faster and faster each month, fueled by a decline in mortgage rates.On a national level, home prices jumped 5.2% in November compared with the same mont a year earlier, according to a new report from analytics firm CoreLogic. That's up from a 4.7% annual gain in October.States in the Northeast led the gains, with Rhode Island (11.6%), Connecticut (10.6%), and New Jersey (10.5%)…