tom krisher

DETROIT | GM says it has 2,700 jobs for workers slated to be laid off

DETROIT — The General Motors’ massive 14,000-person layoff announced last month might not be as bad as originally projected. The company said Friday that 2,700 out of the 3,300 factory jobs slated for elimination will now be saved by adding jobs at other U.S. factories. Blue-collar workers in many cities will still lose jobs when … Continue reading DETROIT | GM says it has 2,700 jobs for workers slated to be laid off

DETROIT | Toyota US chief says car sales are close to bottoming out

DETROIT  — Toyota’s top U.S. executive says car sales nationwide have bottomed out and his company will keep making them despite a dramatic shift to trucks and SUVs. U.S. CEO Jim Lentz told the Detroit Economic Club Wednesday that car sales fell below 30 percent of sales last month, and he thinks that’s close to … Continue reading DETROIT | Toyota US chief says car sales are close to bottoming out

DETROIT | Salaried workers beware: GM cuts are a warning for all

DETROIT — For generations, the career path for smart kids around Detroit was to get an engineering or business degree and get hired by an automaker or parts supplier. If you worked hard and didn’t screw up, you had a job for life with enough money to raise a family, take vacations and buy a … Continue reading DETROIT | Salaried workers beware: GM cuts are a warning for all

DETROIT | AP FACT CHECK: Trump claims an auto boom that isn’t

DETROIT — President Donald Trump is calling attention to an auto industry boom that doesn’t exist. In a tweet Thursday slamming General Motors for plans to lay off workers, Trump wrote that auto companies “are pouring into the U.S.” and GM is “very counter” to the rest of the industry. He also wrote that BMW … Continue reading DETROIT | AP FACT CHECK: Trump claims an auto boom that isn’t

DETROIT | GM to close Canadian plant, but that’s just the beginning

DETROIT — General Motors is closing a Canadian plant at the cost of about 2,500 jobs, but that is apparently just a piece of a much broader, company-wide restructuring that will be announced as early as Monday. A person briefed on the matter told The Associated Press that the plant being shuttered in Canada is … Continue reading DETROIT | GM to close Canadian plant, but that’s just the beginning

DETROIT | New Tesla chairwoman’s biggest challenge is controlling Musk

DETROIT  — Australian telecommunications executive Robyn Denholm brings much-needed financial and auto industry expertise to her new role as Tesla’s board chairwoman, but her biggest challenge is whether she can rein in a CEO with a proclivity for misbehavior. Denholm, who has been a Tesla board member for nearly five years, was named to the … Continue reading DETROIT | New Tesla chairwoman’s biggest challenge is controlling Musk

SAN FRANCISCO | Tesla delivers on Elon Musk’s 3Q profit pledge

SAN FRANCISCO — Tesla Motors delivered on CEO Elon Musk’s promise to make money during its latest quarter after fulfilling his pledge to boost production of its first electric car designed for the mass market. The company earned $311.5 million during the three months ending in September, swinging from a loss of $619 million at … Continue reading SAN FRANCISCO | Tesla delivers on Elon Musk’s 3Q profit pledge

DEARBORN, Mich. | Ford’s 3Q net profit falls 37 percent on slowing sales

DEARBORN, Mich.— Ford Motor Co.’s net profit fell 37 percent in the third quarter as sales slowed in the U.S. and China. The company says it made $991 million from July through September, or 25 cents per share. Revenue was up 3 percent to $37.67 billion Excluding one-time items, Ford says it made 29 cents … Continue reading DEARBORN, Mich. | Ford’s 3Q net profit falls 37 percent on slowing sales