Auto

Subaru of America CEO Tom Doll on the impact of auto tariffs to the U.S. economy and auto industry.

The consultancies expect total U.S. vehicle sales of about 1.56 million units in March.

Less than a week after a series of critical tweets from President Donald Trump over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a Michigan factory.

The nation's biggest carmaker just announced it will invest $300 million in a U.S. plant to make electric vehicles and create 400 jobs.

Ford Motor Co. says its chief financial officer, Bob Shanks, will retire in December, capping a 42-year career at the automaker.

Current Snap Inc. CFO Tim Stone will replace retiring CFO Bob Shanks.

Ford is repackaging a previously announced manufacturing investment in the Detroit area and now says it will spend $900 million and create 900 new jobs over the next four years.

The Flat Rock Assembly Plant will manufacture the next-generation lineup of electric vehicles, while a new factory will build the self-driving cars.

Specific details from the document have largely been kept secret, even from lawmakers.

German automaker BMW says its profits this year will be "well below" last year's due to higher raw materials prices, the costs of compliance with tougher emissions requirements and unfavorable shifts in currency exchange rates.

Ford Motor Co. said Tuesday it will shift 550 jobs to its Kentucky Truck Plant to boost production of its Expedition and Lincoln Navigator to meet growing demand for its large SUVs.

Auto production is ramping up in the U.S., said Kevin Hassett.