Lee Iacocca, the auto industry executive and master pitchman who put the Mustang in Ford’s lineup in the 1960s and became a corporate folk hero when he resurrected Chrysler 20 years later, has died in Bel Air, California. He was 94.
President Donald Trump revealed at a Saturday night rally in Wisconsin that Japanese Prime Minister Shinzo Abe told him earlier that Japanese auto manufacturers are investing $40 billion in U.S. manufacturing facilities.
U.S. workers with the United Auto Workers (UAW) are suing General Motors (GM), noting that the multinational corporation has continued employing temporary workers instead of hiring recently laid off Americans.
The multinational corporate business model of outsourcing and offshoring Americans’ jobs overseas to cheap labor foreign countries is responsible for General Motors’ recently announced mass layoffs of American workers, a trade analyst says.
The most severe impact would be on the province of Ontario, where the Canadian auto sector is concentrated. Economic growth there would drop by two percentage points and one in five manufacturing jobs would be at risk.
The president has asked the Environmental Protection Agency and several other agencies to pursue plans to use environmental laws to tighten standards on imported cars.
EPA chief Scott Pruitt announced on Monday that he will revise emissions and gas mileage standards for automobiles.
Henry Olsen, author of “The Working Class Republican: Ronald Reagan and the Return of Blue-Collar Conservatism,” challenged popular conceptions of Ronald Reagan, during a Friday interview on SiriusXM’s Breitbart News Tonight with Breitbart Senior Editor-at-Large Rebecca Mansour.
In his speech in Ypsilanti, Michigan, President Trump addressed what is arguably the most important economic-policy idea in U.S. history. In the years to come, the pro-growth, pro-jobs, pro-profits alliance that Trump espoused in Ypsilanti will become permanently embedded in Republican thinking—and, quite possibly, Democratic thinking as well.
President Donald Trump met with automaker CEOs and workers in Detroit, promising to work with them to keep more jobs and factories in the United States. “We’re going to do some wonderful work with you, but you’re going to have
The auto industry is barreling headfirst toward a driverless future – and a cybersecurity nightmare, as Charlie Miller and Chris Valasek showed off for the second year in a row how easy it is to hack into a smart car.
Volvo Trucks North America has confirmed that it will be reducing production of several truck lines and will therefore be laying off 1 in 4 workers beginning in February of next year.
(Ferenstein Wire)—A brand new taxi design was unveiled last week to mixed fanfare, as the tech-enabled Nissan NV 200 “Taxi of Tomorrow” runs on a decidedly 19th-century technology: fossil fuel combustion.
As Donald Trump continues to surge in the polls, a staple of Trump’s campaign rhetoric remains his emphasis on bringing manufacturing jobs back to the United States and confronting foreign competitors like China and Mexico over their unfair trading practices.
(Ferenstein Wire) — Self-driving cars will save the average driver about $1,000 annually, or cost $250 a year total, according to estimates from auto insurance startup Metromile.
In a Saturday editorial board piece, The New York Times scolded the auto loan industry, proclaiming that its practices are a “bastion of predatory lending and racial discrimination.” And emulating its favorite leftist, Massachusetts Sen. Elizabeth Warren, the Times relies on a thoroughly discredited “study” that features the unsupported claim that auto loans cost Americans nearly “$26 billion” in unfair charges a year.
With the strike ban that was a pre-condition of the GM and Fiat Chrysler federal bailouts expiring, United Auto Workers (UAW) locals are collecting food and encouraging union members to save for a potential strike when the Big Three four-year labor agreement expires on September 14.
The value of Venezuela’s bolivar currency collapsed this month, as air carriers and U.S. automakers announce they will only do business in U.S. dollars.
Thanks in part to a decades-old GM ignition switch problem in millions of vehicles, more older-model cars were recalled this year than ever before in history.
