Oct 2, 2025 | Detroit, Electric Vehicles
Ford Motor Co. and General Motors have developed a method through the IRS guidance to extend use of the electric vehicle tax credits, at least for leases, into the fourth quarter. The Detroit automakers used their financing arms, called captive finance companies, to...
Oct 2, 2025 | Detroit, Featured, Tariffs, Trucks
Speaking on CNBC’s Squawk Box Tuesday, Ford CEO Farley said: “This is a really big deal for our country, and for Ford. “We make all of our heavy duty trucks in America. We have a lot of competition from overseas. A 25 percent tariff will be a really...
Sep 11, 2025 | Detroit, Education, Healthcare
The groundbreaking ceremony – held at the building’s future site at 545 E. Canfield Street in Midtown Detroit – brought together state, local and university leaders alongside faculty, staff, students and community members. “This new building represents Wayne...
Aug 28, 2025 | Auto Industry, Autonomous Vehicles, Detroit, Featured
Stellantis has put its Level 3 ADAS — the in-house STLA AutoDrive — on hold, citing high costs, technological hurdles and limited consumer demand as key factors behind the pivot. The automaker confirmed the system, long touted as “ready for deployment,” was never...
Aug 21, 2025 | Detroit, Electric Vehicles
The automaker’s investing another $5 billion in its electric vehicle business, hoping to drive much-needed sales growth while simultaneously fending off would-be Chinese competitors. The company made the announcement last week. And, kudos. Most long-term...
Jul 31, 2025 | Auto Industry, Detroit, Featured, Tariffs
Mike Musheinesh, owner of Detroit Axle, said the 72.5% tariffs on imported goods have significantly increased costs, forcing the company to pay $725,000 in tariffs for every $1 million worth of goods imported. “There was a possibility of a 40/50% reduction in sales so...
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