FCA plans May 18 restart; UAW not opposed to new target
DETROIT — The UAW said Tuesday that it continues to talk with the Detroit 3 automakers about protecting workers even as Fiat Chrysler Automobiles announced plans to resume production at...
Aptiv Q1 revenue, operating income take hit from pandemic
Much like most major auto suppliers, Aptiv withdrew its full-year guidance. Aptiv also is not providing a second-quarter guidance because of uncertainties resulting from the pandemic. Aptiv also sought to...
FCA posts $1.8 billion loss in Q1 as pandemic hits sales, production
Fiat Chrysler Automobiles on Tuesday posted a first-quarter loss of $1.84 billion from continuing operations as the coronavirus pandemic tanked sales and shuttered its plants. Net revenue declined 16 percent...
Hertz prepares to file bankruptcy, report says
Hertz Global Holdings Inc. is preparing to file for bankruptcy if the company fails to rework its debt and can’t get lenders to extend a grace period on a missed...
Farley buys $1 million in Ford stock
DETROIT -- Ford Motor Co. COO Jim Farley spent the equivalent of almost his entire 2019 salary to purchase $1 million of stock in a show of confidence in the...
Hyundai, Kia restart U.S. plants for one shift
Hyundai reopened its manufacturing plant in Montgomery, Ala., on Monday, and corporate sibling Kia did the same in West Point, Ga., with both automakers keeping the plants to a single...
GM’s big SUVs improve towing power, city fuel economy
DETROIT — General Motors says its next-generation full-size SUVs can tow more and get better fuel economy in city driving than the current versions, despite being significantly bigger. Highway mileage...
Industry groups call for liability protections during coronavirus crisis
Major industry groups are urging congressional leaders to provide "limited and rational safe harbors" for businesses to protect them from coronavirus-related lawsuits. In a letter sent Sunday to Congress, the...
VW to choose new brand to lead affordable EV project
FRANKFURT -- Volkswagen Group is reconsidering which of its brands will develop a new family of small electric vehicles after its Spanish unit, Seat, lost the project. VW Group CEO...
Intel buys Moovit transit app for $900M to help develop robotaxis
JERUSALEM -- Chipmaker Intel Corp. said it acquired Israeli public transit app developer Moovit for about $900 million to expand its portfolio of self-driving technologies. The deal, announced Monday after...