A General Motors illustration featuring a display version of its 2024 Silverado EV pickup, due for release in the fall of 2023. (Media.GM.ca)

GM buyouts cut 5,000 jobs, CFO says

Not much more room seen to raise prices

Reuters — About 5,000 General Motors salaried workers took buyouts to leave the company, putting the company well on the way to hitting a US$2 billion cost-cutting target, the automaker’s chief financial officer said Tuesday. GM shares were trading down nearly two per cent at midday, even though CFO Paul Jacobson said demand for GM’s […] Read more

Exterior views of (l-r) the 2023 Chevrolet Silverado 1500 High Country, ZR2 and LT. (Media.chevrolet.com)

GM’s truck production cut signals a turn in U.S. auto sales

Company to idle Indiana plant for two weeks

Detroit | Reuters — New vehicle sales in the United States are expected to increase in February, but the decision by General Motors to cut production of large pickup trucks at a U.S. plant points to new challenges for Detroit’s automakers. The major Detroit pickup truck brands are sitting on growing inventories of unsold vehicles, […] Read more


Preproduction 2023 models of Ford’s F-series Super Duty pickup trucks. (Ford.com)

Ford, GM upgrade their heavy-duty pickup profit machines

New features aimed at business productivity

Detroit | Reuters — Ford Motor Co. on Tuesday took the wraps off the latest version of its Super Duty pickup, providing a look at how the U.S. automaker will manage one of the biggest challenges confronting Detroit. The problem: How to modernize the largest combustion pickups to keep demand strong and profits flowing, without […] Read more

Pickup trucks roll out of General Motors’ assembly plant at Oshawa, Ont. (Media.gm.ca)

GM CEO says ‘we are selling every truck we can build’

Rising fuel prices not seen undermining big truck demand, yet

Detroit | Reuters — General Motors CEO Mary Barra said on Monday the automaker is “selling every truck we can build” and expanding North American truck-building capacity, even as U.S. gasoline prices hit record highs. Barra made her comments during the automaker’s annual shareholder meeting. GM is pursuing a two-track strategy: Investing heavily in electric […] Read more

John Deere’s 8R autonomous tractor is pictured at Jensen Test Farm at Bondurant, Iowa, just northeast of Des Moines, on April 28, 2022. (Photo: Reuters/Bianca Flowers)

Deere tapping into Apple-like tech model to drive revenue

'Hopefully the costs will be paid back in the long run'

Bondurant, Iowa | Reuters — Deere and Co. has sold its tractors and other equipment to farmers for decades, but the world’s largest agriculture machinery manufacturer is tearing a page from the technology world’s playbook — combining cutting-edge hardware with software and subscription models to drive revenue growth. In a world with a dwindling number […] Read more


A General Motors illustration featuring a display version of its 2024 Silverado EV pickup, due for release in the fall of 2023. (Media.GM.ca)

GM to chase rivals with US$105,000 electric Silverado

Less expensive retail Silverado EV to follow in 2024

Detroit | Reuters — General Motors’ US$35 billion electric vehicle strategy will face its biggest test in 2023 when it launches an electric version of its Chevrolet Silverado pickup with a six-figure price tag, more than a year after rivals Ford and Rivian Automotive. GM CEO Mary Barra on Wednesday told the annual CES technology […] Read more


The 2022 Chevrolet Silverado ZR2. (Media.chevrolet.com)

GM’s pickup money machine gets a technology tuneup

Silverado ZR2 to appeal to extreme off-roading segment

Detroit | Reuters — General Motors will give its best-selling Chevrolet Silverado large pickup truck models a makeover next spring to fix competitive shortcomings that have left Chevy in third place in one of the most lucrative vehicle market segments in the world. Catching up with rival trucks from Stellantis NV and Ford Motor Co., […] Read more



U.S. President Joe Biden test-drives the new Ford F-150 lightning truck at Dearborn, Michigan on May 18, 2021. (Photo: Reuters/Leah Millis)

Ford wires its electric trucks for business customers

Tesla, GM seen positioning electric pickups as 'lifestyle vehicles'

Detroit | Reuters — Ford Motor Co.’s newly revealed electric version of its best-selling F-150 pickup doubles down on a bet that the company can beat Tesla and other rivals by giving new technology a familiar face and convincing longtime fleet and business customers that going electric saves money. Ford officially unveiled the battery electric […] Read more