Two of Detroit’s Big Three, Ford and Chrysler, reported tepid second-quarter earnings on Tuesday, providing more evidence that the industry revival had slowed to a crawl.
At next week’s contract talks, carmakers and the United Automobile Workers union will square off over how to divide the profits of Detroit’s unexpectedly swift revival.
Automakers unveiled many hybrid gas-electric and battery-powered cars at the Detroit auto show, a sign of how much emphasis is being placed on the electrification of vehicles.
Now that the intense financial pressure on General Motors has eased, the automaker has the luxury of time to consider new alternatives for selling its Opel unit.
As the state hemorrhages jobs, lawmakers and executives are seeking alternative industries — like filmmaking and solar panel production — to take up the slack.
The resolve of Detroit’s white-collar workers has given way to grim resignation as General Motors, Ford Motor and Chrysler have announced more and more job cuts.
Fiat said it would take a 35 percent stake in Chrysler, giving it the ability to market its cars through Chrysler’s dealership network. Chrysler will have access to Fiat’s technology.