DETROIT ― Kermit Williams is a political organizer with the Oakland Forward Action Fund, a grassroots organization that focuses on the Black community in some of Detroit’s northern suburbs. Following Joe Biden’s dismal performance in last month’s presidential debate, Williams said he felt pretty rattled — until he spoke to his mother. “She put it … Read more
DETROIT ― An energetic, fast-talking President Joe Biden rallied supporters here Friday night with sharp attacks on his rival, Donald Trump, and a vision for the second term he remains intent on pursuing. “There’s a lot of speculation lately, What’s Joe Biden going to do?” Biden said, kicking off a half-hour address to a crowd … Read more
Vehicles are offered for sale at a GM dealership on June 20, 2024 in Lincolnwood, Illinois. Scott Olson | Getty Images DETROIT – General Motors reported its best quarterly sales in more than three years, including notable increases in full-size pickup trucks and all-electric vehicles. The Detroit automaker on Tuesday reported sales of 696,086 for … Read more
Employees on the assembly line produce cars in Mazda’s “Family” line of vehicles at China First Automobile Works (FAW) Group Haima Automobile Co., Ltd. April 6, 2005 in Haikou, Hainan Province, China. China Photos | Getty Images DETROIT – The traditional Detroit automakers – General Motors, Ford Motor and Stellantis – should exit the Chinese … Read more
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022. Massimo Pinca | Reuters DETROIT – Since spearheading a merger to create Stellantis in 2021, CEO Carlos Tavares has been on a cost-cutting mission. That’s beginning to pay dividends for the company and investors. How the trans-Atlantic … Read more
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024. Michael Wayland / CNBC DETROIT – General Motors is trimming its expected sales and production of all-electric vehicles this year, as U.S. adoption of EVs occurs slower than expected. GM Chief Financial Officer Paul Jacobson said the … Read more
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT – General Motors on Tuesday announced a new $6 billion stock repurchase authorization has been approved by its board. The new buyback authorization comes as an accelerated $10 billion share repurchase program announced in November 2023 is … Read more
United Auto Workers President Shawn Fain testifies about the toll of working hours on laborers before the Senate Senate Health, Education, Labor, and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill on March 14, 2024 in Washington, DC. Chip Somodevilla | Getty Images DETROIT – United Auto Workers President Shawn Fain is … Read more
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Ford Motor’s U.S. new vehicle sales rose 11.2% last month compared to May of last year, boosted by strong sales growth for all-electric and hybrid models. The Detroit automaker on Tuesday reported roughly … Read more
Ford Motor is turning an abandoned train station used for decades as an infamous symbol of Detroit’s downfall and blight into a new technology campus for the automaker and mixed-use property for the city. Michael Wayland / CNBC DETROIT – Ford’s latest project out of the Motor City is the restoration and reopening of an abandoned … Read more
