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Workers from two Chicago plants have sued Ford Motor Co. for sexual and racial harassment. After an investigation made by the U.S. Equal Employment Opportunity Commission the company agreed to pay $10.1 million to settle the scandal. The investigation yielded reasonable cause that personnel at the Chicago Assembly Plant and the Chicago Stamping Plant had subjected African-American and female employees to racial and sexual harassment -- violating Title VII of the Civil Rights Act of 1964. The agency also said the company retaliated against employees who complained about harassment or discr...
Chevrolet aims to update its lineup by adding a budget V8 Camaro. Offering a cheaper V8 would be fantastic both from an enthusiast standpoint and from a sales perspective. Everyone likes the current Camaro with its 455-hp V8, but the $37,995 price makes it a tough sell when it's a full $2,000 more than the now more powerful 2018 Ford Mustang GT. It's also almost $4,000 more than both the outgoing 2017 Mustang GT and the Challenger R/T, the most affordable V8 Challenger. We think that if Chevy could offer a bare-bones model for a couple-thousand dollars less, perhaps without...
Fiat Chrysler Automobiles got an offer from a well-known Chinese automaker to buy it, but at a small premium over its market value. Of course the offer was rejected because of the price offered, but what’s more important here is that the Chinese powers started to show interest in Fiat. Meanwhile, other sources independently identified executives from other large Chinese automakers conducting their own due diligence on a potential purchase of FCA, including meeting last week with representatives of U.S. retail groups about a potential acquisition. A source said FCA executives h...
The average fuel economy of new light vehicles sold in the U.S. in July was 25.4 mpg, up 0.3 mpg from June, the University of Michigan Transportation Research Institute said Tuesday. The increase is attributed to a decreased proportion of light trucks in the market in July compared to June. Year-over-year U.S. light-vehicle sales slid 6.9 percent in July, with car deliveries descending 14.8 percent. Across the truck segment, pickup sales dropped 1.1 percent while crossover sales increased 1.2 percent last month. Light-truck sales, including crossovers, were down 1.9 percent. July...
Genesis has amazing plans for this month, first of all it will announce a new retail strategy for the U.S., it will accelerate the separation of the automaker from the Hyundai marque, and of course will cut the number of dealerships to sell Genesis models. The transition, which was supposed to be several years off, likely will be messy and costly for Hyundai and the culled Genesis dealers. It comes less than two years after Hyundai announced the creation of the Genesis brand, barely a year after it officially put the G80 and G90 sedans on sale and just ahead of the launch of a critical ne...
