David Welch and Keith Naughton
Michigan’s Extended Order Keeps Auto Industry’s Restart in Limbo
Michigan Gov. Gretchen Whitmer sits in a Ford Ranger pickup truck during the North American International Auto Show in Detroit in 2019. (Sean Proctor/Bloomberg News)
Michigan Gov. Gretchen Whitmer extended her stay-home order another two weeks to May 15 and kept the state’s carmakers and suppliers in limbo over how soon they’ll be able to reopen.
April 24, 2020GM, Ford Credit Arms May Lose Billions on Used-Car Price Plunge
GM vehicles are displayed at a car dealership in Illinois in 2019. (Daniel Acker/Bloomberg News)
General Motors Co.’s and Ford Motor Co.’s finance arms likely face multibillion-dollar losses linked to the dramatic drop in used vehicle prices, JPMorgan Chase & Co. analysts said.
April 20, 2020Fear of an Impending Car-Price Collapse Grips Auto Industry
(Bloomberg News)
The auto industry — already fretting lengthy factory shutdowns and depressed new-vehicle demand — is starting to sound the alarm about a potential used-car price collapse that could have far-reaching consequences for manufacturers, lenders and rental companies.
April 13, 2020GM Losing Patience With UAW Over Nearly Monthlong Strike
General Motors CEO Mary Barra (Bryan Mitchell/Bloomberg News)
General Motors Co.’s chief labor negotiator suggested the United Auto Workers is dragging its feet in responding to the automaker’s latest contract offer in a show of frustration with a strike that’s lumbering toward the one-month mark.
October 11, 2019Ford Partners With Postmates in Path to Driverless Delivery
Ford partnered with Domino’s in 2017 for autonomous pizza delivery trials. Photo by Ford Motor Co.
Ford Motor Co. is expanding its driverless delivery experiment beyond pizza by partnering with Postmates to test what it will take to eventually remove the driver from on-demand distribution.
January 9, 2018