Ford is exporting Mustangs to foreign markets for the first time in the 50-year history of the car. The first shipment of the 2015 Mustang has departed Portland, Oregon, and is headed to China.
GM’s Head of Purchasing Steve Kiefer is defending the automaker’s “financially sound” suppliers. In a recent speech, Kiefer said he disagreed with the idea that GM’s supply base made “too much money.”
Oilfield services provider Baker Hughes announced it will lay off 7,000 employees due to declining oil prices. Halliburton laid off 1,000 employees in the fourth quarter.
A new survey shows younger consumers are more willing to pay higher prices for healthier food than older consumers. Forty-one percent of consumers surveyed under the age of 20 said they would pay more, and 32% of millennials said they would pay higher prices.