manufacturing

Ford will recall 3 million older vehicles due to potential issues with air bag inflators in the vehicles, costing the automaker an estimated $610 million.

Jeep is expanding its popular Grand Cherokee lineup with a new three-row model, which the company believes will widen the vehicle’s appeal.

Richard Trumka, who has worked with the Trump administration over the last four years, largely blamed the president for the actions of his supporters.

Sales of the popular full-size pickup were off a third in the fourth quarter, leading to a 12.2% decline in 2020 for the automaker’s F-Series trucks.

Bentley said it sold 11,206 vehicles in 2020 despite the global health crisis causing the company’s factory in England to be shut down for seven weeks.

GM reports its domestic sales during the last three months of last year increased 4.8% compared to 2019.

GasBuddy expects a modest recovery in U.S. spending on gasoline this year following a nearly $100 billion decline in 2020 due to the coronavirus pandemic.

The voting by shareholders was one of the last steps for the merger, which the companies expect to close by the end of the first quarter.

Nikola said the decision was made after both companies determined the it would “result in longer than expected development time, and unexpected costs.”

The Series B funding round will assist the company’s hiring and expansion plans as it emerges from the coronavirus pandemic for the coming years.

About half of GMC’s 1,695 dealers have agreed to invest and sell electric vehicles, beginning next fall with the brand’s Hummer EV pickup.

The new edition to the F-150 is Ford’s latest attempt to grow its loyal truck customers and increase profits by tapping into increasingly popular off-road models.

While the Ford Bronco has received much of the attention, the Bronco Sport, or “Baby Bronco,” is expected to outsell its larger sibling.

GM recently told its 880 U.S. Cadillac dealers that in order to sell its upcoming EVs it would cost at least $200,000 to upgrade dealerships.

Shares of Nikola dropped 14.9% in heavy trading Tuesday after an insider lockup period expired on up to 166 million shares of the electric truck start-up.

With roughly 360.9 million shares of company stock outstanding, Milton is by far Nikola’s largest single shareholder.

Nikola stock fell during afterhours trading after its CEO declined to comment on a deal being finalized with GM and a potential stock selloff by its ex-chairman.

Edmunds estimates the average discount on a new vehicle in October was $2,046, about 23% lower than last year due to Covid-19.

JPMorgan is “skeptical” about Nikola finalizing a deal with GM to produce an electric pickup called the Badger for the embattled vehicle start-up.

As GM profitably guides itself through the coronavirus pandemic, Wall Street is paying more attention to its bottom line than unprofitable mobility efforts.