2016 model year
Tesla issuing new recall for 9,100 Model X SUVs over trim issue
Tesla has issued a recall for about 9,100 Model X sports utility vehicles in the U.S. over a trim on the roof that could separate.
automobiles
Ford to recall about 85,000 vehicles due to risk of engine fire
Ford is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire.
AutoForecast Solutions
Ford pivots from EV plans to heavy-duty trucks at Canada facility
Ford outlined plans to use a Canadian plant earmarked for future electric vehicles to instead build larger, gas-powered versions of its F-Series pickup truck.
$1 million
Ford Ends Electric Vehicle Dealership Program, Citing ‘Less Demand’ Than Anticipated
Ford Motor is discontinuing a “controversial” dealership initiative for electric vehicles, which at first required store owners to invest up to $1 million in cash in order to sell EVs.
Alphabet
Wall Street ends down as US retail sales data crimps rate cut bets
Stocks finished lower after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March.
Automotive battery plant
Toyota to invest $8 bln more in North Carolina EV battery plant
Toyota said it would invest $8 billion more and add about 3,000 jobs at its electric-vehicle battery manufacturing plant in North Carolina.
ARLINGTON
UAW reaches deal with GM, ending coordinated strike against Detroit automakers
General Motors and the United Auto Workers union have reached a tentative agreement.
Alabama
UAW workers at ZF plant in Alabama ratify labor deal, end strike
UAW members who went on strike at Mercedes-supplier ZF’s plant in Alabama ended a nearly month-long walkout.
Andrew Frick
Ford reshuffles top management as UAW strike drags on
Ford announced a management rejig, promoting their combustion vehicle unit chief to the position of chief operating officer.
Business
US consumer prices rise on surge in rents; underlying inflation cools
U.S. consumer prices rose in September as rental costs surged.