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Press package photo of a 2016 Ram 1500 Rebel Crew Cab 4×4 pickup truck. (Stellantis North America)

U.S. agency to probe Ram pickups over power steering issues

Includes Ram 1500 trucks from 2013-16 model years

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Washington | Reuters — U.S. auto safety regulators said on Tuesday they were investigating whether 1.1 million older Ram 1500 pickup trucks should be recalled for power steering loss issues. The National Highway Traffic Safety Administration (NHTSA) has received 380 reports alleging intermittent or complete loss of power steering assistance in 2013-2016 model year Ram
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)
Markets

GM buyouts cut 5,000 jobs, CFO says

Not much more room seen to raise prices

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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
Ford’s F-150 Lightning Lariat. (Ford.com)

Ford hikes electric F-150’s price again to battle high costs

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Reuters — Ford Motor Co. has raised the base price of its popular F-150 Lightning electric pickup truck again, the automaker’s website showed on Thursday, the latest in a series of price hikes aimed at offsetting high costs. The base variant of Ford’s electric F-150 truck now starts at $59,974, excluding shipping and taxes, up
Exterior views of (l-r) the 2023 Chevrolet Silverado 1500 High Country, ZR2 and LT. (Media.chevrolet.com)
Markets, Other

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

Company to idle Indiana plant for two weeks

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

Ford, GM upgrade their heavy-duty pickup profit machines

New features aimed at business productivity

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

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

Rising fuel prices not seen undermining big truck demand, yet

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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
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 ramps up EV push with plans to make battery materials in Canada

Automaker and BASF both plan CAM plants at Becancour

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Reuters — General Motors and South Korea’s POSCO Chemical will build a $400 million facility to produce battery materials in Canada as the carmaker ramps up plans to produce mainly electric vehicles (EVs) in the future, the companies said Monday. The plant will produce cathode active material (CAM) for vehicle batteries at Becancour, Que. Cathodes
Production of Ford’s F-150 Lightning pickup at Dearborn, Mich. (Media.ford.com)
Other

Ford to suspend or cut plants’ output on chip shortage

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San Francisco | Reuters — Ford Motor Co. plans to suspend or cut production at eight of its factories in the U.S., Canada and Mexico throughout next week because of chip supply constraints, a spokeswoman told Reuters on Friday. The changes come a day after the Detroit automaker warned a chip shortage would lead to
Production of Ford’s F-150 Lightning pickup at Dearborn, Mich. (Media.ford.com)

Electric truck battle heats up between Ford, GM

Ford to double output at Michigan

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Detroit | Reuters — Ford Motor Co. said Tuesday it will nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles as the model has already attracted nearly 200,000 reservations ahead of its arrival this spring at U.S. dealers. Ford’s announcement comes a day ahead of rival General Motors’ public

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