In order to prepare for the future, Ford will embark on a plan to bolster its bread-and-butter business of selling lucrative trucks and SUVs. CEO Jim Hackett, who took over America’s second-largest automaker in May, laid out his vision for the future Tuesday evening during a presentation to investors. But much
Author: Jack Smith
Airbus says it has capacity to raise A350 production above targeted levels
A logo of Airbus is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse PARIS (Reuters) - Airbus said on Wednesday it had the capacity to push the production of its A350 planes above its targeted level of 10
Honda to cut Japanese production by a quarter as domestic sales stagnate
Big-Rig Orders Post Another Monthly Increase on Improving Freight Market
Trucking companies accelerated big-rig orders for the fourth consecutive month, bolstered by strong manufacturing activity and an improving freight market. In September North American carriers ordered 22,100 Class 8 trucks, the heavy-duty vehicles used to haul freight long distances, according to a preliminary report from freight transport analysts FTR. That was
Walmart escalates fierce battle with Amazon
Walmart acquires delivery startup Parcel to help it own New York City with same-day delivery. Walmart announced on Tuesday that it had acquired Parcel, a New York-based logistics firm. Parcel has warehouses in Brooklyn and a network of couriers that partner with brands like Bonobos to offer same-day delivery in certain areas. Walmart's acquisition
Royal Air Force jets escort Ryanair flight amid fears of security threat
PHOTOS: Ryanair flight being escortsed into Stansted by RAF Fighter jets LONDON (AP) — Royal Air Force Typhoon jets escorted a Ryanair flight from Lithuania to London Stansted after what appears to be a hoax security threat. The plane was traveling from Kaunas, Lithuania to Luton Airport but was diverted to Stansted. All
Ford Chief Outlines Investment Shift Away From Passenger Cars
Jim Hackett, chief executive of Ford Motor, had promised a plan to improve the company’s “fitness” and strategic direction. CreditJoe Vaughn for The New York Times New York (NYT) - Ford Motor’s new chief executive offered a blueprint on Tuesday to take advantage of changing customer tastes and new technologies such as
How Uber C.E.O. Aims to Win Back London
LONDON (NYT) — Less than two weeks after being stripped of its license in London, Uber has gone on a charm offensive to win it back. Even as the ride-hailing company’s board grappled with internal divisions and a major investment hung in the balance, the company’s new chief executive, Dara Khosrowshahi,
How G.M. and Ford Plans to Expand Electric Car Models
DETROIT (NYT)— China has said it will eventually ban gasoline-powered cars. California may be moving in the same direction. That pressure has set off a scramble by the world’s car companies to embrace electric vehicles. On Monday, General Motors, America’s largest automaker, staked its claim to leadership. Outlining a fundamental shift
Fiat Chrysler recalls 646,394 SUVs for brake issue
FCA US LLC, Fiat Chrysler Automobiles NV's U.S. arm, said it was voluntarily recalling about 646,394 SUVs in the United States to check shields that protect brake boosters for proper installation. FCA US was aware of a single potentially related accident, the company said on Tuesday. The shields are designed to protect