General Motors is a technology company that makes cars, and the skills its employees had yesterday are continuously becoming outdated.
Experts say that is the underlying message of GM CEO Mary Barra's move on Oct. 31 to offer voluntary buyouts to GM's North American salaried workers with 12 or more years of experience with the company.
On the ...Read more
Tesla's numbers are closely watched because its success hinges on producing as many Model 3s and its other vehicles as possible. But at what cost?
A new report says the medical clinic at the electric-car maker's Fremont factory is denying some workers care, and is instead designed to minimize worker-injury reports. It is not the first report to...Read more
I'm one of those annoying people who goes to the gourmet ice cream shop and orders a scoop of vanilla on a cake cone. Not interested in the fancy homemade waffle cone; a sometimes-stale, low-calorie cake cone works for me.
So I totally understand people who avoid complicated choices.
In food. In clothes. In cars.
But what I don't understand ...Read more
The Cuesta Grade humbles.
The steepest section of the 101 Freeway in the state, it ribbons through a series of craggy rises just north of San Luis Obispo, Calif.
Econoboxes struggle along in the far right lane, their thrashing motors no match for the 7 percent grade. Big rigs are forced to pull over to the side of the road, engines overheating...Read more
Tesla released its 10-Q financial report for the recently completed third quarter, adding detail to the profitable, cash-flow positive preliminary report it issued Oct. 24.
Here are three big takeaways:
–– Government credits boosted earnings far more than first reported.
In its initial report, Tesla announced that it booked $52 million in...Read more
DETROIT --General Motors salaried workers heard the news of voluntary buyouts in an email Wednesday morning. And many didn't wait long to track down what they needed to do.
"I was trick or treating with my kids and they're emailing me saying 'Hey, what do you think of this?'" said Michael Foguth, a financial planner who has GM clients.
With tariffs hurting its sales in China, Tesla said Friday that it plans to make 3,000 Model 3 cars a week in Shanghai during the initial phase of its planned factory there.
Tesla's plans are in the early stages. It secured land for its first plant outside the United States, called the Gigafactory 3, just last month.
"In China, which is the ...Read more
Jeff Majchrzak's voice was equal parts frustration and amusement.
"I've got swollen lug nuts," the retired Detroit firefighter said in his voicemail. "Seriously. I don't know what to do."
I shushed my inner 10-year-old and listened. When he didn't ask if my refrigerator was running or I had Prince Albert in a can, I took a chance that this ...Read more
The effects of a hurricane can be felt long after the winds and the rains die down.
Hurricanes Irma in Florida and Harvey in Texas last year left behind a large number of flood-damaged vehicles that are now appearing with "for sale" signs.
A study published in the Carfax web pages for used vehicles shows there are nearly 500,000 such vehicles ...Read more
PHILADELPHIA -- Mike Risich is founder of a 9-year-old software company that has earned recognition five years in a row as one of Philadelphia's fast-growing companies.
What's particularly impressive about that is his Bolt On Technology is centered on auto repair, a service industry replete with customer doubt -- some would use a much stronger ...Read more
Q: The friends we travel with just had a shackle bolt fail on their fifth wheel trailer and it could have been pretty catastrophic. The mobile repair guy installed a new bolt and shackle and told us we both should look into "wet bolts" What are these?
A: Shackles and bolts attach the leaf springs of a trailer to the frame. Shackles ...Read more
Fiat Chrysler Automobiles is recalling more than 88,350 2019 Jeep Cherokee SUVs because they can stall.
The recall is limited to 2019 Cherokees with the 2.4-liter engine. The company said it is unaware of any accidents or injuries related to the problem.
"These vehicles may – in rare instances – exhibit engine stall during deceleration, ...Read more
When a company beats Wall Street analysts' earnings expectations, its stock price tends to rise.
When Tesla announced third-quarter results last week, it didn't merely beat analyst expectations -- it trounced them. Cable TV tickers flashed the news worldwide. The company's stock price didn't simply rise; it soared.
"They pulled this off very ...Read more
WASHINGTON ––A push on Capitol Hill to speed development of self-driving vehicles may not cross the finish line in time for this Congress, casting doubt on the future of unusually bipartisan legislation.
To get a final bill to President Donald Trump this year, the Senate must pass still-pending autonomous vehicle legislation quick enough ...Read more
Viasat is best known for powering fast in-flight Wi-Fi on commercial airlines and government VIP aircraft. Now the satellite Internet provider is dipping its toes in the connected car market.
Bentley Motors, a subsidiary of Volkswagen, said this week that it has hired Viasat to deliver fast, reliable and secure in-car Wi-Fi for its new Bentley ...Read more
MIAMI –– Walking around The Auto Firm, Alex Vega's shop in the heart of Kendall, is like strolling through a toy store for adults.
There are ultra-modern vehicles like a Polaris Slingshot and classics like a 1969 Oldsmobile and one of the Volkswagen vans so loved by hippies in the 1960s and '70s.
Each has something special: the touch of ...Read more
It's autumn, time to nab one of these great convertibles for less than $35,000.
Does it seem like crazy is the new normal? Whatever part of American life one considers, it seems as we've all lost our collective minds. So, excuse me if I sound as if I've lost mine when I suggest that now is a great time to buy a new convertible. Sounds whacky? ...Read more
DETROIT -- General Motors said it is offering voluntary buyouts to salaried workers in North America, acknowledging Wednesday that if it does not get enough takers, it may consider layoffs early next year.
Shortly after reporting better-than-expected third quarter earnings, CEO Mary Barra sent an email to all 50,000 salaried GM employees in ...Read more
DETROIT -- Fiat Chrysler Automobiles said it made $642 million in its first quarter after the death of CEO Sergio Marchionne.
That profit was held down by what the company estimates the diesel emissions scandal in the U.S. will cost it -- $812 million).
The company is not acknowledging guilt.
"This charge does not represent an agreed ...Read more
FORT LAUDERDALE, Fla. –– AutoNation, the nation's largest auto retailer, is investing in Vroom, one of the largest online retailers of used cars.
Fort Lauderdale-based AutoNation said Tuesday that it invested $50 million in New York-based Vroom, which gives it an ownership stake of 7 percent and further extends AutoNation's focus on ...Read more