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We knew that Donald Trump is somehow pressing U.S. automakers to build new factories and offer more jobs, but he may have to settle for plant overhauls and incremental job expansions such as Ford Motor Co.’s planned $1.2 billion investment in three Michigan factories that’s expected to create at least 100 jobs. Trump pushed automakers during a roundtable in Ypsilanti Township earlier this month for more U.S. plants, and in a speech to autoworkers the same day he said plants are coming back — other plants that were expected to be built in other countries are not being bui...
Ford is again ready to invest in its three Michigan facilities approximately $1.2 billion, and this time it is coming with another 130 jobs for Americans. We don’t know how did the automaker make this decision, whether it was pressured by Donald Trump who wants USA automakers to invest in the country more, or it was just a decision took on their own. The investments were in the works well before Trump took office, however. Ford announced plans to upgrade some of its Michigan plants in November 2015 as part of a new contract with the United auto Workers union. Ford Americas Pre...
March U.S. new vehicle sales will be about 1.62 million units, that’s up about 1.9% from 1.59 million units a year earlier. The forecast was base on the first 16 selling days of the month. The seasonally adjusted annualized rate for the month will be 17.3 million vehicles, up from 16.8 million a year earlier. Retail sales to consumers, which do not include multiple fleet sales to rental agencies, businesses and government, were set to increase 1 percent in March. Highlighting "policy uncertainty" over whether Republican U.S. President Donald Trump will press ahead wi...
California environmental regulators, taking a defiant stand against President Donald Trump on climate change, reaffirmed their commitment Thursday to tough standards to reduce greenhouse gas emissions from cars. The California Air Resources Board voted unanimously to move ahead with progressively stricter tailpipe emissions regulations, along with a separate mandate that requires automakers to sell more zero-emissions vehicles. The vote on greenhouse gas restrictions suggests a potentially bruising legal battle with the White House could be coming. Trump last week ordered the U.S. E...
Intel U.S. agreed to buy Israeli autonomous-driving technology company Mobileye with a value of $14.7 billion. The new technology could thrust the U.S. chipmaker into direct competition with rivals Nvidia Corp. and Qualcomm Inc. to develop driverless systems and components for global automakers. The acquisition of Mobileye could propel the world's largest computer chipmaker into the front ranks of automotive suppliers at a time when Intel has been downplaying its core semiconductor business. It also promises to escalate the arms race among the world's carmakers and supp...
