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Saturday, October 31, 2020
Transportation Rotating Ford's tires

Rotating Ford’s tires

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Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

Ford’s stock fell 2% on Friday following the company announcing a management shakeup to deal with its poor launch of the new Explorer SUV. The company reported a $1.7 billion loss on Tuesday, mostly tied with the defects that plagued the new Explorers. The vehicles came off the assembly line with multiple problems and had to be shipped to a Detroit-area factory for repairs, delaying deliveries to customers and costing the company sales.

The company also had other higher warranty costs during the year, especially for a glitch-prone six-speed automatic transmission in the Ford Focus compact car. In response, Ford said it would shake up management in the wake of the Explorer’s troubles. The Dearborn, Michigan-based company says automotive President Joe Hinrichs will retire effective March 1. Jim Farley, president of new business and strategy, will become chief operating officer in charge of global markets and automotive operations.

Latest News

Profit, revenue slump at Union Pacific, but volume improves

By JOSH FUNK AP Business WriterOMAHA, Neb. (AP) — Union Pacific's profit and revenue slumped by double digits, though the volume of...

American, Southwest, Alaska add to airline loss parade in 3Q

By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Airlines are piling up billions of dollars in additional losses...

Tesla posts net profit for fifth straight quarter

By TOM KRISHER AP Auto WriterDETROIT (AP) — Tesla charged through a summertime auto industry sales slump in the U.S. to post...

American plans flights with Boeing 737 Max by year-end

FORT WORTH, Texas (AP) — Before long, American Airlines might find out how many travelers are reluctant to fly on the Boeing...

GM expected to announce electric vehicle for Tennessee plant

DETROIT (AP) — General Motors is expected to reveal that it will build the Cadillac Lyriq electric SUV at its factory in...