Mazda and BMW took the top two spots in Consumer Reports’ annual ranking of the most reliable automotive brands. Porsche, which won the top spot in 2020, fell to fourth place. Alfa Romeo came in last, down five spots from…
Tag: Reports
Subaru to switch to quarterly U.S. sales reports
Subaru of America, once a monthly sales streak darling as its U.S. volume rapidly expanded over the past decade, is switching to quarterly sales reporting. The automaker will report its June U.S. sales Wednesday, then switch its cadence going forward.…
Uber reports disappointing user growth, pledges profits by 2021
Uber Technologies Inc. reported third-quarter results that showed lackluster gains in bookings and monthly active users, two of the metrics most closely watched by Wall Street. The ride-hailing company beat estimates for quarterly revenue and loss, improved its annual loss…
Detroit auto show expected to move to June, reports say
Detroit auto show organizers have been forced to rethink the event, held annually in early January, with the departure of Mercedes, BMW, and Audi starting next year, following other brand defections in recent years. UPDATED: 7/9/18 10:17 pm ET –…
Ford is firing CEO Mark Fields, naming former Steelcase chief Jim Hackett to take over, Forbes reports
Fields had been under pressure for the company’s lagging stock price and lower-than-expected profits so far this year. Photo credit: Bloomberg UPDATED: 5/22/17 1:03 am ET – adds details DETROIT — Ford Motor Co. will fire CEO Mark Fields and…
Ford plans to cut global workforce by 10%, reports say
UPDATED: 5/15/17 11:22 pm ET Ford Motor Co. is preparing major reductions to its worldwide workforce amid CEO Mark Fields’ renewed efforts to hike profits and address the company’s falling share price, The Wall Street Journal and Reuters reported, citing…