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Ford to launch Formula 1 comeback after 20 years

Automotive / Automotive News /

Ford Motor Co. on Friday is returning to Formula 1 after more than 20 years, and just weeks after crosstown rival General Motors Co. said it was joining forces with Andretti Global to launch a bid to compete in one of the world's most prestigious motor races.

Ford is partnering with Red Bull Powertrains to develop a next-gen hybrid power unit ...Read more

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Auto review: TrailSport takes Honda Pilot to higher ground

Automotive / Automotive News /

SEDONA, Arizona — The Honda Pilot is an excellent three-row SUV to drop the kids off at school or take them up Broken Arrow mountain trail to 4,200 feet for one the most breathtaking views in America.

Oh, I’m not kidding.

Broken Arrow is a bucket list item for anyone who enjoys the American West. It’s the exclusive territory of Sedona-...Read more

Mueller/Cadillac/Cadillac/TNS

What counts as an SUV? Treasury shifts definition for EV tax credits after carmaker complaints

Automotive / Automotive News /

WASHINGTON — The U.S. Treasury is changing how it defines a sport utility vehicle Friday after car companies lodged complaints that some vehicles were wrongfully being boxed out of new electric vehicle tax credits.

The change is likely to be the difference between thousands of dollars in consumer discounts. Under new federal tax credits, SUVs...Read more

Tesla launched an EV price war. How Ford is firing back

Automotive / Automotive News /

In January, Tesla Inc. launched the opening salvo in what experts have described as an EV price war when it slashed its pricing by as much as 20%.

Last week, Ford Motor Co. fired back.

On Monday the Dearborn, Michigan, automaker announced across-the-board price cuts on the all-electric Mustang Mach-E. The cuts ranged from $600 to $5,900, with ...Read more

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Auto review: Honda HR-V continues the commuter tradition

Automotive / Automotive News /

In 2023, with gas prices elevated and interest rates still rising, the cost to drive continues to go up and up. It's a good thing, then, that Honda's mindset has not changed. It continues to produce affordable vehicles that last a long time and meet or exceed commuters' expectations, all while looking good.

For years, Honda has set the ...Read more

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Auto review: A return to form for the 2023 BMW X1

Automotive / Automotive News /

As an identical twin, I often get mistaken for my brother. It’s something that twins get used to.

I bet that if the 2023 BMW X1 could speak, it would say that it’s often mistaken for 2003 BMW X3. After all, the new X1 is about the same size as its forebear, being 2.7 inches shorter and the same width, yet able to schlep an additional 8 ...Read more

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Ford posts $2 billion loss in 2022

Automotive / Automotive News /

Ford Motor Co. posted a $2 billion net loss last year, down from 2021's $17.9 billion in profits that had been bolstered by gains on the automaker's investment in electric-vehicle startup Rivian Automotive Inc.

The Dearborn automaker's 2022 earnings were hit by a $7.4 billion mark-to-market net loss in Rivian and a $2.7 billion impairment from ...Read more

Ford hourly workers to get $9K in profit sharing despite headwinds

Automotive / Automotive News /

Ford Motor Co. will pay profit-sharing bonuses of up to $9,176 to hourly autoworkers in the U.S. for 2022, the automaker said Thursday.

The Dearborn automaker employs about 56,000 hourly workers in the U.S. Profit-sharing checks to eligible workers will be distributed in early March.

Under the automaker's contract with the United Auto Workers,...Read more

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Rivian laying off 6% of its workforce as EV manufacturer aims to cut costs

Automotive / Automotive News /

Startup electric truck manufacturer Rivian said Wednesday it is laying off 6% of its workforce, including a small number of nonmanufacturing employees at its downstate Normal assembly plant.

California-based Rivian has about 7,000 employees at its assembly plant and 14,000 across the company, meaning about 840 total positions are being ...Read more

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Motormouth: Alternative to spare tire?

Automotive / Automotive News /

Q: Several weeks ago, I wrote you concerning the lack of spare tires in new vans. I purchased a 2019 Pacifica. During the last couple of months, I have visited several auto parts stores looking for “canned flat tire sealer” to carry in the van. Is this a good alternative to have in the van in case of a flat? Would you have any ...Read more

Hyosub Shin/The Atlanta Journal-Constitution/TNS

Rivian opponents refile lawsuits to challenge Georgia's site takeover

Automotive / Automotive News /

A group of residents near the future $5 billion Rivian electric vehicle plant east of Atlanta is taking Georgia state and local officials back to court.

Six people, who either live in or own property in Morgan County near the 2,000-acre project site, filed lawsuits Friday accusing the state of illegally circumventing local zoning codes and land...Read more

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GM says fourth battery plant 'very much on track,' envisions others

Automotive / Automotive News /

General Motors Co. is still planning a fourth battery plant and even more beyond that despite the reported breakup with supplier and partner LG Energy Solution.

GM and LG Energy Solution through their Ultium Cells LLC joint venture initially planned to have four U.S. battery cell manufacturing plants together. Last week, the Wall Street Journal...Read more

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GM hourly workers to get biggest profit-sharing checks ever, over $12,000

Automotive / Automotive News /

General Motors Co. will deliver its largest profit-sharing payouts ever to employees next month ― up to $12,750 this year to about 42,300 eligible hourly workers, according to the company's financial results released Tuesday.

Employees will receive their share in their Feb. 24 paychecks. For every $1 billion GM makes in North America, the ...Read more

GM reports nearly $10 billion in profit in 2022 despite headwinds

Automotive / Automotive News /

General Motors Co. booked $9.9 billion in net income last year, down from 2021's $10 billion despite chronic supply chain woes, rising interest rates and a slowing economy.

Revenue for the year was $156.7 billion, up from the $127 billion GM collected in 2021. GM met its projected guidance of earnings before taxes with a record $14.5 billion. ...Read more

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With EV batteries in demand, some in GOP say 'no' to China

Automotive / Automotive News /

Two senior Republicans in Congress, Rep. Frank D. Lucas of Oklahoma and Sen. John Barrasso of Wyoming, criticized the Energy Department in December after it awarded $200 million in grant funding to Microvast, a Texas-based lithium battery company with links to China, to build a new battery manufacturing plant in Tennessee.

And this month, ...Read more

GM hires former Tesla leader for executive post

Automotive / Automotive News /

General Motors Co. has hired Zach Kirkman as vice president of corporate development and global mergers and acquisitions, GM CFO Paul Jacobson announced in a LinkedIn post Monday.

Kirkman previously served as head of corporate development, mergers and acquisitions at Tesla Inc. and "brings an extensive background assessing and executing M&A, ...Read more

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GM launches production of Hummer EV SUV

Automotive / Automotive News /

General Motors Co. began production of the 2024 GMC Hummer EV SUV on Monday and customers will start to receive deliveries at the end of the first quarter, the brand said.

The Hummer SUV will be built alongside the pickup version at GM's Factory Zero Detroit-Hamtramck Assembly Center. Production at the plant was halted for several weeks last ...Read more

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Musk faces SEC probe for role in Tesla self-driving claims

Automotive / Automotive News /

U.S. regulators are investigating Elon Musk’s role in shaping Tesla Inc.’s self-driving car claims, the latest effort by watchdogs to scrutinize the actions of the world’s second-richest person.

The review is part of an ongoing Securities and Exchange Commission probe of the company’s statements about its Autopilot driver-assistance ...Read more

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Full Size Mazda CX-9 delivers for the consumer

Automotive / Automotive News /

In Grasso’s Garage this week, it’s Mazda back and better than ever. Their full size SUV, the 2023 CX-9 is exactly how they keep consumers and families coming back for more, and for good reason.

Whether price is your top priority, or dependability or appearance, Mazda really delivers. Its shark-like front fascia and outstanding reliability ...Read more

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Auto review: A bit of good news courtesy of the 2023 Mazda CX-5

Automotive / Automotive News /

How rarely do we genuinely hear good news? It seems that most news sources delight in torturing their readers or viewers with journalism sure to outrage, titillate, disgust, annoy or anger their readers. I don’t know about you, but I am ready to hear something happy.

So, it’s with great delight that I can report that for 2023, the Mazda CX-...Read more