Several Ford workers have been fired over alleged thefts of snacks at self-checkout kiosks inside the company's Michigan factories, with some later reinstated after investigations cleared them. Workers report frequent malfunctions with the kiosks, including failed transactions and frozen screens, leading to wrongful accusations. Ford and food-service provider Aramark are reviewing the kiosk systems to address these issues. The controversy began after an electrician was fired over a $1.95 cookie purchase that was later proven paid through bank records, highlighting potential flaws in the payment system.
Tesla is recalling nearly 3 million vehicles in China due to hidden emergency door releases that could trap occupants during crashes or fires. This recall is part of a broader effort involving 11 carmakers, including Xiaomi, Xpeng, and Geely, to inst...
Ford shares dropped 4% after a rally driven by an unconfirmed report about future Bronco models reversed. The initial 4% gain was based on speculation of hybrid and pickup Bronco versions years away, which Ford has not confirmed. Meanwhile, General M...
Tesla and Rivian stocks rose 3% and 4% respectively, leading gains in the electric vehicle sector amid a drop in long-term Treasury yields following a Treasury Department announcement to double debt buybacks. Legacy automakers Ford and General Motors...
General Motors (GM) and Ford both raised their full-year guidance in 2024, but the market favors them differently. GM's aggressive buyback program, including multiple $6 billion repurchases and a 25% dividend increase, drove its stock up significantl...
