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Industry expert discuses uncertainty at Van Andel Global Trade Center's 27th annual Michigan Automotive Suppliers Symposium at Grand Valley State University.
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Officials with the Ford Motor Company are reportedly talking with the Trump administration about devising a path for China to build vehicles in the U.S.
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Company officials say they expect to post a net loss for all of last year
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The car company has lowered profit sharing for UAW workers
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The concern is escalating as Michigan readies for the Detroit Auto Show, which runs from Jan. 17-25
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Part of the shift is to make gas-powered SUVs and pickup trucks at its Orion Township plant, which was previously being reconfigured to make electric vehicles until demand for such cars weakened
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A delay may give car buyers a little more time to decide before vehicle prices are expected to rise significantly
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Carlos Tavares received criticism from dealers and union officials over a product line-up many saw as too expensive for customers looking to find bargains
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The Detroit automaker said it took in $48.8 billion in revenue from July through September, 10% more than last year, aided by U.S. average vehicle sale prices that were steady at over $49,000.
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Automakers sold nearly 3.8 million vehicles in the first quarter versus a year ago. With inventory on dealer lots growing toward pre-pandemic levels, auto companies were forced to reduce prices