Ford will spend $400 million to upgrade its Kansas City, Mo., plant after production of the current Ford Escape compact SUV moves to another facility. It’s the fourth North American plant that Ford has overhauled or plans to as…
The United Auto Workers union has been bleeding members, with fewer than 400,000 at the end of 2009. With a purportedly more collaborative attitude, the group plans to unionize foreign auto manufacturers with factories in the U…
In a bid to reduce its numbers of skilled workers, General Motors is reportedly offering skilled-trades workers a $60,000 buyout to leave the automaker’s payroll by March.
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GM’s IPO generated great excitement among investors, and it drew attention to how much the auto industry has changed. Less than 60 years ago, on Jan. 17, 1956, Ford Motor had its own IPO — the largest in history up to that tim…
With just days to go before its anticipated initial public offering of stock, General Motors reported Wednesday that it earned $2 billion in the third quarter, its most profitable this year.
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