The automaker posted third-quarter earnings of $2.8 billion in 2016, more than doubling its earnings during the same period last year. The company recently partnered with the ride sharing company, Lyft. GM and Lyft have plans to test a fleet of self-driving taxis on public roads next year.
After posting $2.2 billion in third-quarter earnings a year ago (the company’s best third-quarter ever), Ford came back to earth in 2016. The company saw its third-quarter earnings drop to just $1 billion. Ford will look to rebound with sales of its popular F-Series Super Duty pickup in 2017
Last year, FCA lost $421 million in the third- quarter (mostly to cover the cost of future recalls and vehicles lost in a plant explosion in China). This year, the automaker got back on track, posting a profit of $659 million in the third-quarter.
For the first time, organizers of the 2017 North American International Auto Show in Detroit will complement the debut of concept vehicles and new models with AutoMobili-D, an exhibition of future mobility platforms and emerging transportation networks.
The Westin Book Cadillac Detroit hotel downtown has been outperforming most of its national peers, but behind the scenes, the city and pension funds used for its redevelopment nearly 10 years ago may now take a huge loss.