GM is unhappy with Facebook’s efforts to keep hateful and disparaging content away from the automaker’s brands and has joined Ford and other companies that have stopped advertising with the social-media company, adding it is in talks with the popular platform about improving efforts to eliminate harmful content.
https://www.autonews.com/marketing/gm-suspends-facebook-ads
Fisker said earlier in July that it was in talks with VW to use the German automaker's MEB EV platform to speed vehicle development and cut costs, but it disclosed a delay in documents filed on Friday.
https://www.autonews.com/executives/fisker-reports-delay-closing-ev-platform-deal-vw http://ifttt.com/images/no_image_card.png
In 2009 the automaker was awarded a $5.9 billion, low-cost government retooling loan in the aftermath of the financial crisis. Ford said the loan, which has $1.26 billion of principal remaining, will be repaid on time by June 2022.
https://www.autonews.com/automakers-suppliers/ford-will-defer-some-quarterly-payments-energy-dept-loan
The automaker lost $1.9 billion before interest and taxes and one-time items in the quarter as revenue fell 50 percent to $19.4 billion. North America, the region that usually carries the bulk of its profits, reported a $974 million loss before interest and taxes.
https://www.autonews.com/automakers-suppliers/ford-posts-surprise-11b-profit-argo-ai-investment-gain
The CEO has for months pushed to lower costs at the automaker's German operations, repeatedly clashing with labor representatives who control nine of the 19 seats on VW's board.
https://www.autonews.com/executives/diess-has-supervisory-boards-full-support-vw-says http://ifttt.com/images/no_image_card.png
Greg Kelly is accused of helping former Nissan boss Carlos Ghosn understate his compensation. He has denied the charge and is out on bail in Japan.
https://www.autonews.com/executives/ghosn-aides-trial-start-september-report-says http://ifttt.com/images/no_image_card.png
All the world's automakers have been in crisis at one time or another in the past few years, but it so happens that the virus hit just as the alliance faced its own reckoning after the messy ouster of its architect Carlos Ghosn.
https://www.autonews.com/executives/renault-nissan-alliance-woes-compounded-pandemic http://ifttt.com/images/no_image_card.png
GM postponed the original May debut because of the coronavirus pandemic. The pickup could better position GM to compete against off-road rivals, such as the Ford Bronco.
https://www.autonews.com/cars-concepts/hummer-ev-be-unveiled-fall
A former accountant drafted to overhaul Porsche's U.S. management, Schwab oversaw the U.S. introduction of the Boxster and Cayenne, fueling a sales boom while fostering a new base of fans.
https://www.autonews.com/executives/fred-schwab-who-helped-rescue-porsches-us-fortunes-dies http://ifttt.com/images/no_image_card.png
In a tweet, the CEO said the electric vehicle maker is "trying to accelerate sustainable energy, not crush competitors."
https://www.autonews.com/executives/teslas-musk-says-hes-open-supplying-batteries-rivals http://ifttt.com/images/no_image_card.png
Elon Musk’s compensation package -- the largest corporate pay deal ever struck between a CEO and a board of directors -- includes 20.3 million options, split into 12 tranches, that could yield the Tesla founder more than $50 billion if all goals are met.
https://www.autonews.com/executives/musk-weeks-away-next-multibillion-dollar-payout http://ifttt.com/images/no_image_card.png
Thierry Bollore will replace Ralf Speth, who is scheduled to retire, the company said in a stock exchange filing. The move will be effective Sept. 10.
https://www.autonews.com/executives/jaguar-land-rover-be-led-ex-renault-chief-bollore http://ifttt.com/images/no_image_card.png
Alarm bells are ringing, but Ford hasn’t said exactly what will happen in Canada once the current Edge ends production.
https://www.autonews.com/manufacturing/threat-fords-canada-assembly-plant-real
Alan Wexler will be charged with creating, executing and sustaining corporate strategies and identifying growth and innovation opportunities throughout GM.
https://www.autonews.com/executives/gm-taps-consulting-firm-executive-lead-growth-innovation http://ifttt.com/images/no_image_card.png
Former Daimler CEO Dieter Zetsche is due to become the automaker's chairman next year, but some shareholders are not happy about the plan.
https://www.autonews.com/executives/daimler-stands-plan-appoint-zetsche-chairman http://ifttt.com/images/no_image_card.png
The automaker will use two dog-like robots, nicknamed "Fluffy" and "Spot" to create a virtual scan of its Van Dyke Transmission Plant in Michigan.
https://www.autonews.com/manufacturing/ford-pilots-four-legged-robots-help-scan-plant-floors
Ford dealers say parts they need for a common repair are taking weeks to arrive as vehicles pile up in their service centers. One service manager called the situation a "nightmare."
https://www.autonews.com/dealers/repair-parts-shortages-stymie-ford-dealers
The startup, backed by Ford Motor Co., Cox Automotive, Amazon and others, said Friday it began assembling vehicles on a pilot production line at an Illinois plant this week.
https://www.autonews.com/automakers-suppliers/rivian-evs-scheduled-arrive-next-summer
The automaker is seeking to address loan maturities for the first time since downgrades in March removed its last investment-grade rating, Reuters reported.
https://www.autonews.com/automakers-suppliers/ford-gets-commitments-extend-most-535b-loans-report-says
Herbert Diess has repeatedly hailed Tesla’s technological achievements, while Musk has said the VW chief is doing more than any other major automaker to go electric.
https://www.autonews.com/executives/vw-ceo-lauds-musk-over-teslas-earnings-and-value-potential http://ifttt.com/images/no_image_card.png
Anthony Ghosn sent $500,000 to Peter Taylor via the cryptocurrency platform Coinbase after the auto executive escaped Japan in a box smuggled aboard a private plane in December, U.S. attorneys said in a court filing.
https://www.autonews.com/executives/ghosns-son-paid-accomplice-suspect-prosecutors-say http://ifttt.com/images/no_image_card.png
Anthony Ghosn sent $500,000 to Peter Taylor via the cryptocurrency platform Coinbase after the auto executive escaped Japan in a box smuggled aboard a private plane in December, U.S. attorneys said in a court filing.
https://www.autonews.com/executives/ghosns-son-paid-accused-accomplice-prosecutors-say http://ifttt.com/images/no_image_card.png
The automaker said the blockade is affecting operations at its Hermosillo plant, as well as hitting imports and exports to and from the United States.
https://www.autonews.com/manufacturing/ford-says-mexico-rail-blockade-impacting-operations
The backing will help Ford to increase investment in electrification and protect jobs at its UK sites in Essex and Dagenham.
https://www.autonews.com/manufacturing/ford-gets-634m-uk-government-loan-guarantee-protect-exports
Ford and VW say a legal battle between SK Innovation and LG Chem could disrupt supplies of key parts for electric vehicles slated to be built in the U.S.
https://www.autonews.com/automakers-suppliers/s-korean-battery-rivals-us-legal-case-turns-fight-jobs
Tesla’s six-month average market capitalization for the first time has reached $150 billion, triggering the vesting of a second round of options for the CEO, who receives no salary.
https://www.autonews.com/executives/musk-qualifies-21-billion-options-payday http://ifttt.com/images/no_image_card.png
The automaker intends to use the one-off prototype as an example of what EVs can do to build excitement for the launch of the Mustang Mach-E electric crossover this year.
https://www.autonews.com/cars-concepts/ford-mach-e-prototype-packs-7-motors-1400-peak-hp
Ford and VW say a legal battle between SK Innovation and LG Chem could disrupt supplies of key parts for electric vehicles slated to be built in the U.S.
https://www.autonews.com/automakers-suppliers/skorean-battery-rivals-us-legal-case-turns-fight-jobs
Christian Vollmer, former production and logistics boss at Seat, will take the same role at the VW brand.
https://www.autonews.com/executives/vw-brand-gets-veteran-exec-vollmer-production-boss http://ifttt.com/images/no_image_card.png
The two automakers say a legal battle between SK Innovation and LG Chem could disrupt supplies of key parts for electric vehicles slated to be built in the U.S.
https://www.autonews.com/automakers-suppliers/ford-vw-warn-about-korean-companies-battery-dispute
John Mellen will succeed Bradley Gayton, who is leaving to become general counsel of the Coca-Cola Co., while Jonathan Jennings will take over the purchasing duties of Lisa Drake, who recently was promoted to North American COO.
https://www.autonews.com/executives/ford-names-new-general-counsel-purchasing-vp http://ifttt.com/images/no_image_card.png
John Mellen will succeed Bradley Gayton, who is leaving to become general counsel of the Coca-Cola Co., while Jonathan Jennings will take over the purchasing duties of Lisa Drake, who recently was promoted to North American COO.
https://www.autonews.com/executives/ford-names-new-general-counsel-purchasing-vp
WaveSense, a Boston-based startup that uses ground-penetrating radar to create subterranean fingerprints, has added a trio of industry veterans as it pushes toward commercialization.
https://www.autonews.com/executives/former-ford-exec-joe-hinrichs-joins-board-self-driving-radar-startup http://ifttt.com/images/no_image_card.png
The former Nissan chairman told Le Parisien that the alliance had a confidence problem in the market and its management was no longer mixing but keeping a "distrustful distance."
https://www.autonews.com/executives/ghosn-takes-swipe-renault-nissan-newspaper-interview http://ifttt.com/images/no_image_card.png
