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Detroit Three automakers set to lose market share to Asian rivals

Detroit Three automakers set to lose market share to Asian rivals

Oct 1 (Reuters) - The Detroit Three are expected to lose ground to Asian rivals when they report third-quarter US sales this week, according to experts, as soaring gasoline prices due to the Iran war push buyers towards hybrids and more fuel-efficient models.
Detroit Free PressDetroit Free Press
General Motors saw U.S. sales slide in Q3. What the numbers tell us

General Motors saw U.S. sales slide in Q3. What the numbers tell us

The Detroit automaker reported Oct. 1 that it sold 670,974 vehicles in the quarter. That decline included a major drop in Cadillac sales.
ReutersReuters
Ford F-150 supplier disruption to impact third-quarter dealer shipments, CEO says

Ford F-150 supplier disruption to impact third-quarter dealer shipments, CEO says

By Mike Colias Sept 30 (Reuters) - Ford CEO Jim Farley said a supplier issue that affected F-150 pickup-truck output in recent days has been resolved, but the snag has impacted the company’s third-quarter wholesale numbers.
ReutersReuters
Bears maintain grip on oil-importing Asian currencies as crude prices bite: Reuters poll

Bears maintain grip on oil-importing Asian currencies as crude prices bite: Reuters poll

Oct 1 (Reuters) - Investors stayed bearish on most emerging Asian currencies, a Reuters poll showed on Thursday, as high oil prices fuelled concerns over external balances in net energy-importing economies and rising US yields boosted the dollar's appeal.
Rapid ReadRapid Read
Ford CEO Jim Farley Warns U.S. Risks Falling Behind Global Competitors Without Investment in Skilled Trades

Ford CEO Jim Farley Warns U.S. Risks Falling Behind Global Competitors Without Investment in Skilled Trades

Ford CEO Jim Farley has issued a warning that the United States is at risk of falling behind global competitors if it does not prioritize investment in skilled trades. Speaking at Ford's Accelerate gathering in Detroit, Farley highlighted that countries like Germany, China, and South Korea have significantly outpaced the U.S. in prioritizing apprenticeships and workforce development within the 'essential economy,' which includes sectors such as construction, manufacturing, energy, transportation, logistics, and public services. His remarks coincide with a new report projecting that the U.S. will need to fill 1.7 million skilled trades positions annually through 2035 due to job growth and worker replacement. The report, published by the Ford-backed Alliance for America's Skilled Trades, indicates that current training initiatives are only producing 55 workers for every 100 openings, with completion rates for apprenticeship programs exceeding 90% compared to roughly 50% for other skilled trades training. Far...
ReutersReuters
US dollar strength to fizzle, FX forecasters unmoved by searing rally: Reuters poll

US dollar strength to fizzle, FX forecasters unmoved by searing rally: Reuters poll

By Sarupya Ganguly BENGALURU, Oct 2 (Reuters) - The US dollar will give up most of its recent gains over the coming year according to FX strategists polled by Reuters who made only minor revisions to long-held weak dollar views despite a rally of more than 3% in the greenback since early September.
ReutersReuters
GM’s pint-sized Bolt EV gets smaller production run

GM’s pint-sized Bolt EV gets smaller production run

By Kalea Hall DETROIT, Sept 29 (Reuters) - General Motors is building about 75% fewer Chevrolet Bolt electric vehicles than had originally been planned before federal support for EVs was yanked last year, a union official said.
USA TodayUSA Today
2026 Mazda CX-5 review: Premium feel without the premium price

2026 Mazda CX-5 review: Premium feel without the premium price

The Mazda CX-5 is the Japanese company's best-selling U.S. car, and it also one of the few crossover SUVs on the market that starts under $30,000.
ReutersReuters
Ford's CEO urges caution on Chinese automakers, says Europe is 'too late'

Ford's CEO urges caution on Chinese automakers, says Europe is 'too late'

By Kalea Hall and Mike Colias Sept 29 (Reuters) - Ford CEO Jim Farley said that the US must carefully weigh how and whether Chinese automakers should enter the American market, and pointed to Europe as a cautionary tale.
ReutersReuters
Equities dip as bond yields hold near multi-decade highs

Equities dip as bond yields hold near multi-decade highs

By Chuck Mikolajczak NEW YORK, Sept 29 (Reuters) - US stocks declined for a second straight session on Tuesday, as government bond yields continued their ascent ahead of key inflation and labor market data this week that could shape the Federal Reserve's interest rate path.
Savannah Morning NewsSavannah Morning News
How much is the gas tax in Georgia? Suspension now in effect

How much is the gas tax in Georgia? Suspension now in effect

Gov. Brian Kemp announced another suspension of Georgia gas tax, which just started. How much will it save? What is the average GA gas price today?
ReutersReuters
Dollar surges in September, leaving euro lagging

Dollar surges in September, leaving euro lagging

By Johann M Cherian and Tom Westbrook Sept 30 (Reuters) - The dollar hovered near its highest level of the year against the euro on Wednesday and was on track for its biggest monthly gain versus the single currency in 14 months, buoyed by stronger US growth and rising interest-rate expectations.