Welcome to the Daily 5 report for Wednesday, Jan. 14. The eyes of the automotive world converged on Detroit today as the city's annual auto show began. Although the cars are the stars of the show, there were headlines on and off the show floor. - The North American Car, Truck and Utility Vehicle of the Year were named. See the winners here.
- As Ford Motor Co. took the wraps off the Bronco RTR — the sole vehicle to debut on the show floor — Executive Chair Bill Ford discussed the automaker's pullback in electric vehicle manufacturing, a reckoning that involved a nearly $20 billion charge against the automaker's earnings and the demise of the once-hyped F-150 Lightning in its current form. CEO Jim Farley, also speaking to reporters at the show, said the company isn't getting away from EVs but rather focusing on more affordable models.
- And yesterday, President Donald Trump came to town to tout his administration's tariffs, cuts to environmental regulations and other policies, which he said are ushering in a boom period for the U.S. auto industry. He also reiterated his openness to letting Chinese automakers open factories in the U.S. However, as Trump toured a local Ford plant, an exchange between the president and a plant worker made headlines — and raised eyebrows — nationwide.
Check autonews.com for more show coverage and industry news. If you want to view this story on your browser, click here. — Omari Gardner, managing editor, operations |
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