Ford, Trudging Into the Future, Ousts Mark Fields as C.E.O. Ford Motor was the American automaker savvy enough to avoid bankruptcy when industry sales collapsed during the 2008 financial crisis. Then it rode economic recovery and cheap gasoline to record sales and profits. But what looks like success can turn […]
Automobiles
GM remains most valuable U.S. car company, Tesla is No. 2 GM remains most valuable U.S. car company, Tesla is No. 2:- Tesla Inc (TSLA.O), whose market capitalization passed that of Ford Motor Co (F.N) on Monday, still trailed General Motors Co (GM.N) as the most valuable U.S. auto firm […]
Juniper Gary Clark joins Tesla as chief information officer Juniper Gary Clark joins Tesla as chief information officer:- Gary Clark, a former IT chief technology officer at Juniper Networks Inc (JNPR.N), joined Tesla Inc (TSLA.O) in February as its chief information officer, according to Clark's LinkedIn profile. Clark succeeds Jay Vijayan, who […]
Honda to begin U.S. production of new 10-speed transmission Honda to begin U.S. production of new 10-speed transmission:- Honda Motor Co Ltd (7267.T) said on Monday it had invested nearly $150 million in two U.S. plants for making 10-speed automatic transmission for front-wheel-drive vehicles. The investment includes $100 million for […]
Takata to plead guilty February 27, court documents Takata to plead guilty February 27, court documents:- Japan's Takata Corp is set to plead guilty Feb. 27 in federal court in Detroit to a single felony count of wire fraud to resolve a U.S. Justice Department investigation into ruptures of its […]
U.S. government agency sued over sale of certified used cars U.S. government agency sued over sale of certified used cars:- The Center for Auto Safety and five other groups filed a lawsuit against the Federal Trade Commission (FTC) on Monday for allowing used cars to be advertised as "certified" or […]
Elon Musk distances himself from Donald Trump Elon Musk distances himself from Donald Trump:- On the same day that Uber‘s Travis Kalanick stepped down from President Donald Trump’s economic advisory council amid ongoing protests, Tesla Inc. chief executive Elon Musk clarified that just because he’s on the same panel doesn’t […]
