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Ford Motor announced Wednesday that it’s killing sedans from its U.S. dealerships, exception making only its legendary Mustang. By saying good buy to Focus, Fusion, Fiesta, and Taurus, it will double down on trucks and sports utilities. The Focus nameplate will stick around, only in the form of a crossover utility. Ford is not alone, though. Fiat Chrysler Automobiles already cut the Dodge Dart and Chrysler 200, focusing on more profitable Jeep SUVs and Ram pickups. General Motors has been reducing its sedan production, also, cutting back on its Cruze compact production. C...
Only a few hours left until General Motors reports its first-quarter 2018 earnings results, and here’s what to expect. Analysts think GM will report first-quarter earnings of $1.28 per share, on average, down from $1.75 in the first quarter of 2017. They expect GM's revenue to come in at $34.6 billion, down from $41.2 billion a year ago.The reason of the huge drop is that GM sold its European subsidiary, Opel AG, in a transaction that closed early in the third quarter of 2017. On a "continuing operations" basis, excluding Opel's results, GM generated $37.3 billion ...
Ford decided not to go for the nine-speed transmission offered by General Motors. The company opted for 2 new eight-speed transmissions on vehicles such as the Ford Edge, Ford Transit Connect and Lincoln Nautilus. The first of those is based off the nine-speed, dropping one of the gears. The second eight-speed, for higher-performance vehicles such as the upcoming Edge ST and V-6 version of the Nautilus, adapts a six-speed that was co-developed with GM as part of a 2002 tie-up. A third eight-speed is expected for smaller, lower-torque vehicles. Ford Motor Co. agre...
Sedan sales are falling across the industry, and automakers are reacting to this. General Motors reacts by halving Cruze production at its Lordstown, Ohio factory, probably impacting around 1,500 workers there. This factory only produces Cruze, and there are working just under 3,000 employees. The news comes as sedan sales, in general, are down 13.2 percent this year while crossover, SUV, and truck sales grew seven percent. Sales for the Cruze are even worse than the industry average, 28 percent. Last year, Chevy sold just over 184,000 Cruze models. The sales' decline forced the...
Ford is making two safety recalls to fix some mechanical issues that affect the control of the transmission on several 2017 and 2018 models. The manufacturer is aware of one reported injury-causing accident related to the first and largest recall. This safety recall will affect almost 350,00 pickups and SUVs made in 2018. They want to fix a potentially unseated gear shift cable locking clip which can set the transmission in a different gear state than the one that the driver selects. That means the vehicle could move even when in parking mode, with no warning message on the da...
