Gotion halts Michigan factory plans
Chinese battery parts manufacturer Gotion Inc. is reassessing plans for a $2.4 billion factory in Michigan's Big Rapids area after scrutiny from a township board. The company, which originally planned...
GM aims to avoid pickup truck stockpile
"We're committed to actively managing production levels to balance supply with demand," Jacobson said on the call."Within this portfolio target, trucks are expected to run at higher levels, reflecting greater...
Car dealerships acquired in Ohio, Texas and New York
An Ohio village's only new-car dealership entered a revival era after an ownership change in October. Bill Harris Dealerships on Oct. 31 purchased Cal Hans Ford in Loudonville, Ohio, a...
On warranty reimbursement rates, car dealers battle automakers
"We knew in 2018 that it was a provision that we really didn't want to accept, but we did accept it as a compromise. As a result of 2018, our...
Jeep’s Belvidere Assembly Plant — an uncertain future
Plus, he said the charging infrastructure isn't up to par. Logan believes there is a need for a "universal charger" that can be used no matter what vehicle a person...
Ford China appoints Sam Wu as new chief
Ford Motor Co. promoted Sam Wu to head up its China business as the U.S. automaker seeks to reverse a more than five-year sales slump in the world's largest auto...
Carvana Q4 earnings: Business ‘firmly in retreat’ as debts comes due
Some of Carvana’s largest creditors have banded together in an effort to secure more favorable terms ahead of a potential restructuring. CEO Ernie Garcia told analysts on a conference call...
Ford extends F-150 Lightning production pause
Ford Motor Co. is extending the downtime at an F-150 Lightning plant in Dearborn, Mich., for an additional week following a battery fire in a truck earlier this month. The...
Hyundai plans to divest Alabama unit following child labor reports
Following Reuters' first story on child labor at SMART last July, as many as 10 Hyundai suppliers in Alabama have been under investigation by state or federal authorities for child...
Musk trial win a ‘non sequitur’ in Twitter sitter case
The U.S. Securities and Exchange Commission said Elon Musk is reading too much into his win at a securities fraud trial in San Francisco if he thinks the result has...