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Neal E. Boudette
Posts
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Automakers Rerouting Shipments After Baltimore Bridge Collapse
The city’s port ranks first in the country for the volume of automobiles and light trucks it handles.
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Automakers say they are rerouting car shipments away from Baltimore.
The New York Times - Business: This post first appeared in The New York Times - Business. Read the original article.
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VW Workers in Chattanooga Seek Vote to Join Union
The United Automobile Workers union said that 70 percent of the 4,000 eligible Volkswagen workers at a Chattanooga factory had signed cards expressing support.
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Toyota’s Hybrid-First Strategy Is Delivering Big Profits
Toyota, the world’s largest automaker, has been criticized for selling few electric vehicles, but its decision to focus on hybrids is paying off financially.
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Rivian Will Delay Construction of a $5 Billion Factory in Georgia
The money-losing electric vehicle company, which makes vans, trucks and S.U.V.s, is trying to preserve cash as it works to produce and sell more affordable...
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How Ford’s F-150 Lightning, Once in Hot Demand, Lost Its Luster
Some buyers said the electric Lightning did not meet expectations, and Ford has slashed its production plans for the pickup because sales are lagging.
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Ford Reports Quarterly Loss but Says Sales Grew
Ford Motor attributed the loss in the fourth quarter to charges related to pension plans and a restructuring of overseas operations.
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G.M. Profits Hurt by Unsold Electric Vehicles and Strike
The automaker has placed a bet on battery-powered cars, but it has struggled to produce and sell the vehicles in large numbers.
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General Motors Reports a 14% Jump in U.S. Auto Sales in 2023
The nation’s largest automaker sold more cars in 2023 than a year ago as supply chain chaos ended, but sales are now under pressure from...
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Ford Will Cut Planned Electric F-150 Production as Demand Slows
Ford and other automaker have had to readjust their electric vehicle production plans because sales have been weaker than they had expected.