Ford declares dividend
DEARBORN–The board of directors of Ford Motor Company today declared a second-quarter regular dividend of 15 cents per share on the company’s outstanding common and Class B stock. The dividend …
Fanuc rolls out new robot for heavy lifting
ROCHESTER HILLS—Fanuc America, a supplier of robotics and factory automation, introduced the new M-1000iA robot capable of handling very heavy products including automotive components, construction materials and battery packs for …
GM to hire 650 temporary employees full-time
DETROIT—General Motors Co. (NYSE: GM) announced that more than 650 hourly employees at its sites in the United States will transition from temporary to regular full-time employment in January. These employees …
Auto industry skids to all-time low in customer satisfaction
ANN ARBOR—The U.S. auto industry, like the economy at large, couldn’t escape the crosshairs of the COVID-19 global pandemic. But that’s not the only hurdle the industry has to overcome: …
Southfield turnaround firm bought out by LA competitor
LOS ANGELES—B. Riley Financial Inc. announced the purchase of the assets of Southfield-based Alderney Advisors LLC, a turnaround and dispute resolution firm serving the automotive industry. Terms of the transaction, …
Power: Auto service centers should prepare now for Coronavirus parts shortages
TROY—As the coronavirus crisis continues to interrupt global supply chains, auto dealers are bracing for parts shortages that could undermine hard-fought gains made in customer satisfaction over the past few …
Packaging firm gets state grant for expansion
LANSING—Packaging materials supplier ITB Packaging has received a $365,000 Michigan Business Development Program performance-based grant to support a $3.5 million expansion in Holland that is expected to create 65 new …
Ford Offers Peek At Transportation In 'City of Tomorrow'
DETROIT — Ford Motor Co.’s press conference at Monday’s opening Press Preview Days at the North American International Auto Show here offered a peek at its newest cars, trucks and …
Gentherm Sales, Profits Rise
NORTHVILLE — The thermal management technology developer Gentherm Inc. (Nasdaq: THRM) reported net income of $28.4 million in the fourth quarter, up from $19.8 million in the same quarter a …
AutoSummit: A High-Tech Future For Michigan’s Legacy Industry
DETROIT — There’s no doubt about the high-tech future of the auto industry, according to the 2015 MichAuto Summit, held Wednesday at Detroit’s Cobo Center. Production components built by 3D …