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.
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 vehicles.
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.
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.
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.
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 rising interest rates.
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.
G.M. Said to Reach Tentative Deal With U.A.W.
General Motors became the last of the three large U.S. automakers to reach a tentative agreement on a new contract with the United Automobile Workers union.
U.A.W. Reaches Tentative Deal With Stellantis, Following Ford
Stellantis, the parent of Chrysler, Jeep and Ram, and the United Automobile Workers union said they had reached a deal on a new contract similar to the one that the union reached with Ford.
G.M. Profit Down 7% in Strike-Affected Quarter
The carmaker reported $3.1 billion in profit from July through September, which included two weeks of walkouts by the United Automobile Workers.