Ford expects autonomy, mobility to take $300M bite out of 2017 earningsJan. 16
Ford expects its investment on mobility and autonomous vehicles to reduce its 2017 earnings by $300 million, providing a breakout of its investments in the future for the first time. Despite that hit, Ford said 2017 preliminary net income grew 70 percent due in large part to a much lower effective tax rate.
GM expects 2018 results in line with 2017; AV investment increasedJan. 16
GM's inventory, stock small victoriesJan. 15
Nick Bunkley's "New GM shows it can keep promises" blows smoke at CEO Mary Barra for reducing inventory and "pushing GM shares up nearly 30 percent." But, in my mind, those are only two relatively insignificant achievements.
Continental considering major overhaul, possible breakup, report saysJan. 9
German auto parts and tire maker Continental AG said it was in "early stages" of talks about a structural overhaul to become more nimble amid the car industry's transition to electric and self-driving vehicles, confirming media reports.