Ford posts $523 million fourth-quarter net loss on accounting charge for pensions, beats analyst estimates
Ford says it swung to a net loss in the fourth quarter.
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Ford says it swung to a net loss in the fourth quarter.
Auto insurance premiums have risen in most U.S. states, taking a larger percentage out of drivers' paychecks each month.
General Motors' net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkers' strike.
General Motors will lay off about 1,300 workers from two of its Michigan plants, according to WARN notices the company has filed with state regulators.
Ford Motor Company said it will match the production of the F-150 Lightning to customer demand after reports that it plans to cut production in half.
United Auto Workers union President Shawn Fain says he met with several non-union autoworkers after workers at Honda, Hyundai and Volkswagen accused the companies of illegal union-busting.
BMW is recalling a small number of SUVs in the U.S. because the driver's air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people.
The United Auto Workers union has announced plans to try to simultaneously organize workers at more than a dozen nonunion auto factories.
General Motors says pretax earnings took a $1.1 billion hit this year from a six-week strike by autoworkers, but the company expects to absorb the costs of a new contract and is even raising its dividend.
Entering contract talks with Detroit's three automakers, Shawn Fain set lofty expectations for what he could gain for his union members — and delivered on many of them.
The companies agreed to dramatically raise pay for top-scale assembly plant workers, with increases and cost-of-living adjustments.
The bearings in some Honda Pilots, Odyssey vans and Ridgeline trucks could fail, causing the engines to stall and increasing the risk of a crash.
United Auto Workers union members approved a new contract with GM, making the company the first Detroit automaker to get a ratified deal.
About 46,000 United Auto Workers at General Motors on Thursday are expected to wrap up voting on a tentative contract agreement in a close race that will decide the fate of the deal that ended a six-week strike.
Stellantis says it will offer buyout or early retirement packages to about 6,400 nonunion U.S. salaried employees.
Hyundai has joined Honda and Toyota in raising factory worker wages after the United Auto Workers union reached new contract agreements with Detroit automakers.
The agreement includes a nearly 20% wage increase for base hourly workers and a 25% wage increase for skilled trades workers. It also includes the cost of living adjustment.
President Joe Biden made a major commitment to cultivate a relationship with the new head of the United Auto Workers before the start of strikes at General Motors, Ford and Stellantis.
From generous pay and benefits to stronger job security, the United Auto Workers union won significant concessions in tentative settlements that have ended their strikes against Detroit's automakers.
Experts said now may actually be a great time to go car shopping at a discount.
UAW President Shawn Fain hails "groundbreaking" agreement with GM and says union is suspending its strike with the Detroit automakers.
With General Motors finally reaching a tentative agreement with the United Auto Workers, the union says reaching a deal with the last of the three major automakers is a huge win.
Britney Johnson is among the thousands of Ford Motor Co. workers who went on strike to force the automaker to improve pay for all.
The pact with Stellantis comes just days after the UAW struck a similar deal with Ford, leaving only GM without an agreement.
Ford has reported significant growth in the third quarter, although its financial results fell short of Wall Street estimates.
