Reuters — About 5,000 General Motors salaried workers took buyouts to leave the company, putting the company well on the way to hitting a US$2 billion cost-cutting target, the automaker’s chief financial officer said Tuesday. GM shares were trading down nearly two per cent at midday, even though CFO Paul Jacobson said demand for GM’s […] Read more
GM buyouts cut 5,000 jobs, CFO says
Not much more room seen to raise prices
Ford hikes electric F-150’s price again to battle high costs
Reuters — Ford Motor Co. has raised the base price of its popular F-150 Lightning electric pickup truck again, the automaker’s website showed on Thursday, the latest in a series of price hikes aimed at offsetting high costs. The base variant of Ford’s electric F-150 truck now starts at $59,974, excluding shipping and taxes, up […] Read more
GM to chase rivals with US$105,000 electric Silverado
Less expensive retail Silverado EV to follow in 2024
Detroit | Reuters — General Motors’ US$35 billion electric vehicle strategy will face its biggest test in 2023 when it launches an electric version of its Chevrolet Silverado pickup with a six-figure price tag, more than a year after rivals Ford and Rivian Automotive. GM CEO Mary Barra on Wednesday told the annual CES technology […] Read more
GM’s pickup money machine gets a technology tuneup
Silverado ZR2 to appeal to extreme off-roading segment
Detroit | Reuters — General Motors will give its best-selling Chevrolet Silverado large pickup truck models a makeover next spring to fix competitive shortcomings that have left Chevy in third place in one of the most lucrative vehicle market segments in the world. Catching up with rival trucks from Stellantis NV and Ford Motor Co., […] Read more
Ford recalls Super Duty pickups on post-crash fire risk
Reuters — Ford Motor Co. said Friday it would recall 547,538 of its Ford Super Duty pickup trucks across the U.S., Canada and Mexico, citing the risk of a post-crash interior fire. The second-largest U.S. automaker said the recall covers certain models between the years 2017 and 2019 with carpet flooring that could experience a […] Read more
Heavy factory, dealer discounts fuel U.S. truck price war
Reuters — Heavy discounts of up to US$16,000 per vehicle are fueling a “truck war” among full-size pickups sold in the U.S. by the Detroit Three, a Reuters analysis shows. Strong U.S. sales this year of the highly profitable big trucks have helped offset lagging passenger car sales. But it is not clear how much […] Read more
Ford recalls F-250s that could roll while in park
New York | Reuters — Ford Motor Co. is recalling about 52,600 F-250 pickup trucks sold in the U.S. and Canada because the vehicles could roll after the driver moves the automatic transmission lever into park position, the company said on Saturday. The recall, the third announced by Ford this week, affects 2017 model year […] Read more
Cyber-Savvy Farmer
