Latest Automobile manufacturing News

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...

Trump calls GM's CEO in push to reopen Ohio auto plant

Mar. 17, 2019 8:40 PM EDT

WASHINGTON (AP) — President Donald Trump stepped up his pressure on General Motors to reopen an Ohio manufacturing plant that recently closed and put 1,700 people out of work. Trump's arm-twisting came in a series of separate tweets on Saturday and Sunday . He capped his weekend rant against the GM with a...

The Latest: Trump talks to GM CEO about Ohio plant closure

Mar. 17, 2019 8:36 PM EDT

WASHINGTON (AP) — The Latest on President Donald Trump's efforts to get General Motors to reopen its Lordstown, Ohio plant (all times local): 8:30 p.m. General Motors says in a statement released Sunday evening that the future of plants scheduled to be closed "will be resolved between GM and the UAW,"...

President Trump attends church in between negative tweeting

Mar. 17, 2019 4:50 PM EDT

WASHINGTON (AP) — President Donald Trump spent St. Patrick's Day morning worshipping at the "Church of the Presidents" near the White House in between tweeting about everything from "Saturday Night Live" parodies of him to the late Sen. John McCain to the recent closure of a General Motors factory in Ohio....