Headlines 

Ford Is About to Abandon American Sedans

Cars will be just 10% of its North American portfolio by 2020 Wall Street cheers CEO Hackett’s ‘bold and decisive action’ Ford Motor Co. has been synonymous with cars. But now Ford, one of the great engines of 20th Century American industry, is about to do the unthinkable: more lucrative models that the company hopes will secure its future as change tears through the global auto industry. What would Henry Ford think? What might seem like a radical departure for Ford has, in fact, been years in the making. The…

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China Political Advisers Urge Response to U.S. Tariffs

Delegates from China’s top political advisory body, the Chinese People’s Political Consultative Conference, convened Saturday in Beijing. The representatives from a variety of political, social, economic and corporate organizations are meeting in parallel with a two-week session of the rubber-stamp parliament that begins Monday.  The legislature is expected to enact sweeping changes that would allow President Xi Jinping to rule indefinitely and give him greater control over the levers of money and power. The agenda includes repealing presidential term limits, creating a powerful new agency to police officials and possibly approving…

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Tesla Sees Your Super Bowl Ad and Raises You a Rocket Launch

Kia may have scored some kudos and Lexus Elon Musk’s very own cherry red Tesla Roadster floated through space to the cheers of a crowd and David Bowie’s “Life on Mars?” at the end of a 43-minute webcast that drew millions of viewers Tuesday afternoon. The sports car was the payload for the “epic views” as the car hurtles toward Earth-Mars elliptical orbit around the sun. “No one” does publicity stunts better, Michelle Krebs, an analyst with car-shopping website Autotrader, said by phone after tuning into the launch. “It was…

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GM Shows Off New Silverado in Bid to Narrow Ford’s Pickup Lead

It’s going to be the year of the truck in the U.S., and General Motors Co. wants to steal back some market share. GM kicked off the Detroit auto show by revealing an all-new Chevrolet Silverado pickup, the first completely redesigned truck for the automaker since the 2007 model year. The pickup with have eight different trim levels, two new V-8 engines and shed as much as 450 pounds from the current model to save fuel. The redesign — a bigger overhaul than the 2014 refresh of the Silverado —…

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Kobe Steel Scam Hits Planes, Trains, Automobiles

Kobe Steel Ltd. has made a startling admission: It sold products that failed quality control tests to about 500 companies. Worse still, it did so not in error but by falsifying data to make it appear that items had made the grade. Aircraft, electronics, car and bullet train manufacturers were among the recipients, raising obvious safety concerns. From Boeing Co. to Ford Motor Co., companies are also faked data about iron ore powder and materials used in DVDs and LCD screens. Chief Executive Officer Hiroya Kawasaki said on Oct. 12…

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