Ford Motor (NYSE: F) said today in Dearborn that a new senior leader, John Dion, will join the company as chief transformation officer on 3April, reporting to Ford CEO Jim Farley. “Dion will oversee global deployment of methodologies and tools based on Lean manufacturing and related concepts, capabilities that are central to realizing the value-creation and growth potential of the company’s Ford+ plan,” Ford said in a press release.
Ford Motor reported a disappointing 2022 full-year net loss of $2.0 billion. During Q4 of 2022 Ford posted an adjusted EBIT $10.4 billion, and operating cash flow $1.2 billion for the quarter, $6.9 billion for the year. This was in stark contrast to GM, which reported a record $14.5 billion in earnings for 2022. (autoinformed.com: GM Posts Record $14.5 Billion in Earnings During 2022; More Ford Recalls Published – Millions of Vehicles Involved) “We should have done much better last year,” said CEO Jim Farley at the time. “We left about $2 billion in profits on the table that were within our control, and we’re going to correct that with improved execution and performance.” Continue reading






Stellantis to Spend ~€130M in the Eisenach Assembly for EVs
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Stellantis (NYSE: STLA Euronext Milan STLAM / Euronext Paris STLAP) announced today in Amsterdam that it will invest ~€130 million in the Eisenach Assembly Plant* in Germany, producer of the Opel Grandland compact sport utility vehicle. Eisenach Assembly will make the battery electric vehicle (BEV) replacement vehicle that will be built on the all-new STLA Medium platform. Production of the new BEV is scheduled to begin in the second half of 2024.
Opel announced last fall that it would revive GSe as a new sub-brand for electrified models with GSe now standing for Grand Sport electric. The Opel Grandland GSe follows the Astra GSe and the Astra Sports Tourer GSe. Opel claims it is a high-performance, plug-in hybrid with electric all-wheel-drive in the SUV compact class, arguably the fastest growing segment in Europe and Asia. The Opel Grandland currently produced at Eisenach includes plug-in hybrid variants. Opel wants a fully electric lineup by 2028. (autoinformed.com on: Milestones: 75 millionth Opel – Grandland GSe) Continue reading →