Detroit (Reuters) - Ford Motor Co on Tuesday estimated financial results for 2017 and 2018 that fell short of investor expectations, in a downbeat forecast that contrasted with a more positive outlook from rival automaker General Motors Co. Ford Chief Financial Officer Bob Shanks told analysts at an investor conference in Detroit
Author: Jack Smith
Jeep updates Cherokee compact SUV to compete in hot market
U.S. automakers bet on diesel trucks after VW scandal
General Motors Executive Vice President for Global Product Development Mark Reuss talks about the 2019 Chevrolet Silverado pick-up truck at Eastern Market before the start of Press Days of the North American International Auto Show in Detroit, Michigan, U.S., January 13, 2018. REUTERS/Rebecca Cook DETROIT (Reuters) - U.S. automakers are unveiling
Airbus A380, Once the Future of Aviation, May Cease Production
A380’s Days May Be Numbered, Airbus Says The days may be numbered for the world’s largest passenger aircraft. Airbus, the European aerospace group that makes the A380 superjumbo, said on Monday that it would have to end production of the plane if its only major customer, Emirates, did not order more. “If we
Ford plans $11 billion investment, 40 electrified vehicles by 2022
Bill Ford, executive chairman of the Ford Motor Company and Jim Hackett (R), President and CEO, present the 2019 Ford Ranger during the Ford press preview at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2018. REUTERS/Rebecca Cook Detroit (Reuters) - Ford Motor Co will significantly increase its
Volkswagen brand car sales hit record 6.23 million in 2017
Detroit (Reuters) - Volkswagen’s core autos division increased vehicle sales to a record 6.23 million cars last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe. Although the emissions test-cheating scandal of September 2015 has cost the German group
GM’s latest car gives up steering wheels, pedals — and human control
General Motors just unveiled a self-driving car with no steering wheel or pedals - or basically any other manual controls. It's called the Cruise AV The future of driving doesn’t involve driving — at all. That’s the big takeaway from a first peek inside General Motors new autonomous car, which lacks the
Reinvented Ranger pickups will move Ford into midsize truck market
Earth’s magnetic shift to cost Wichita airport
Wichita, Kansas (AP) - The Wichita Eisenhower Nation airport will have to renumber its runways due to the slow but constant shift in the Earth’s magnetic poles that’s altered pilots’ compass headings. Airport officials told members of the Wichita Airport Advisory Board this week that the compass headings of the airport’s
Boeing’s cargo UAV a shot in the arm for drone delivery market
CAV prototype in the lab, courtesy of Boeing Chicago (ACN) - A working prototype cargo drone unveiled today by Boeing marks the entry of the world’s largest aircraft manufacturer into the unmanned electric air cargo air vehicle space. While analysts have predicted for some time now that drones are on course to