Latest Automobile manufacturing News

Trump slams European automakers, threatens US tariffs

Mar. 22, 2019 3:38 PM EDT

WASHINGTON (AP) — President Donald Trump criticized European auto makers Friday, suggesting he could impose tariffs on imports from companies such as BMW and Mercedes unless they build more plants in the United States. In an interview with Fox Business Network's Maria Bartiromo, Trump said that he has...

GM announces jobs, electric vehicle after Trump criticism

Mar. 22, 2019 12:44 PM EDT

ORION TOWNSHIP, Mich. (AP) — Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of Detroit. The company says it will spend $300 million at its plant in Orion...

Kentucky manufacturing plant to close in September

Mar. 22, 2019 11:12 AM EDT

FRANKLIN, Ky. (AP) — A Kentucky plant that makes audio components for car manufacturers will close later this year. The Daily News reports Harman Becker Automotive will close its doors in Simpson County in September after nearly 20 years in business at the location. A statement from Connecticut-based...

Ford CFO Shanks retires; former Snap CFO Stone to take over

Mar. 21, 2019 10:24 AM EDT

Ford Motor Co. said its chief financial officer, Bob Shanks, will retire in December, capping a 42-year career at the automaker. The Dearborn, Michigan-based company on Thursday said that Tim Stone will succeed Shanks as chief financial officer. Stone will come to Ford in April and takes over as CFO on June 1....

Trump says Ohio workers 'better love me,' renews McCain feud

Mar. 20, 2019 6:57 PM EDT

LIMA, Ohio (AP) — President Donald Trump on Wednesday brought his re-election campaign to Ohio — a state essential to his 2020 strategy — touring a military tank plant and telling many of its cheering workers: "You better love me. I kept this place open." Trump also used the visit to...

Ford repackages investment, boosts new jobs from 850 to 900

Mar. 20, 2019 1:40 PM EDT

DETROIT (AP) — Ford Motor Co. is repackaging a previously announced $900 million manufacturing investment in the Detroit area, boosting the number of jobs added from 850 to 900. Most of the new workers will build a new generation of electric vehicle at Ford's existing factory in Flat Rock, Michigan, south...

BMW warns profits will fall due to costs, trade uncertainty

Mar. 20, 2019 8:58 AM EDT

FRANKFURT, Germany (AP) — German automaker BMW said Wednesday that profits in 2019 would be "well below" last year's and that it planned to cut 12 billion euros ($13.6 billion) in costs by the end of 2022 to offset spending on new technology. The company said profits would be eroded by higher raw materials...

Ford shifting 550 jobs to boost SUV production in Kentucky

Mar. 19, 2019 12:54 PM EDT

Ford Motor Co. said Tuesday it will shift 550 jobs to its Kentucky Truck Plant to boost production of its Expedition and Lincoln Navigator vehicles to meet growing demand for its large SUVs. Growing sales for the Expedition and Navigator are driving a 20 percent production boost at the plant in Louisville, the...

Former VP of United Auto Workers charged in corruption probe

Mar. 18, 2019 3:57 PM EDT

DETROIT (AP) — A former vice president at the United Auto Workers was charged Monday in a scheme with Fiat Chrysler executives to buy meals, golf and other perks with the automaker's money — the highest-ranking official snagged in an investigation that has exposed corruption between labor and...

Trump to GM: Reopen Ohio plant, close one in Mexico or China

Mar. 18, 2019 8:31 AM EDT

WASHINGTON (AP) — President Donald Trump is escalating his pressure on General Motors, as he calls for the company to reopen an Ohio manufacturing plant. Trump tweeted Monday that GM should: "Close a plant in China or Mexico, where you invested so heavily pre-Trump," and "Bring jobs home!" Trump travels to...