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Ford Motor Co. executive chairman Bill Ford met with President Barack Obama on Monday and endorsed the administration's handling of the struggling auto industry, reported The Associated Press.
Ford credited Obama for stepping in to help General Motors and Chrysler and prevent auto suppliers from collapsing. Ford said the administration acted "swiftly and forcefully and it worked."
GM and Chrysler received billions of dollars in federal aid to go through bankruptcy. Ford Motor Co. avoided taking federal help.
Bill Ford delivered a list of recommendations to the Commerce Department developed at a Detroit business summit on ways to revitalize the economy. It includes developing national energy and manufacturing strategies and encouraging research and development.
The South Korean automaker said it supports 570,000 jobs in the U.S. with a planned investment of $26 billion between 2025 and 2028, according to President and CEO José Muñoz.
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GM says more than 750 dealers across the U.S. are enrolled in CarBravo and that in January CarBravo dealers sold over two times the certified volume of Chevrolet, Buick and GMC dealers using traditional CPO.
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A longtime newspaper journalist, Bobit Dealer Group's editor was raised on news back in the South. Now she brings that news-hound ethic to our four auto retail magazines.
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This session is designed to equip general agents with actionable strategies that can help their dealers enhance the efficiency of financial services managers.
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A flat national rate despite inflation and other financial challenges shows industry loyalty stability, annual Reynolds and Reynolds research finds.
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Over half of insurance holders ages 18 to 29 reported to be 'somewhat' likely to change providers in the next 90 days, according to CivicScience, which found that interest was lower among older age groups.
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Total visits to dealer websites from generative artificial intelligence platforms grew more than 15 times year-over-year, signaling a shift in how many consumers shop for cars online.
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In the U.S., Honda has the most efficient gas-electrified combo lineup while Tesla beats all automakers in annual EPA ranking as brands built their alternative-fuel offerings.
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Deal volume ebbed and flowed throughout 2025, but product performance remained steady, according to automotive technology and data intelligence solutions provider StoneEagle.
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Americans’ view of present business conditions, the labor market and family finances, though, are still in the dumps, and if they plan to buy cars, many target used units.
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