The Detroit Three met the challenge of the U.S. 18-month downturn that ended in mid-2009 by lowering their respective break-even points through downsizing. “We have 27 markets, so it’s a little bit more complex,” Karl-Freidrich Stracke says.
Some officials express concern the union is more focused on maintaining its strike fund than using it to push for real economic gains, and they are putting the executive board on notice. “We have expectations,” notes one activist member....More
The Taurus has a checkered history here in the U.S., going from best-seller to fleet standby in just a few decades. Ford hopes to leave that behind in China with a model designed exclusively for that market....More
Automakers and suppliers are looking for leaders to guide them through the digital transformation, but only a minority of executives surveyed believes their company has the right people in place....More