Automakers: Page 15
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Patpitchaya via Getty Images
Consumer confidence falls, breaking three-month rising streak
Spending by consumers is showing signs of sputtering after propelling better-than-expected economic growth last year.
By Jim Tyson • Feb. 29, 2024 -
Courtesy of Stellantis
Ayvens to buy up to 500,000 Stellantis vehicles
Deliveries are expected to begin in the first half of 2024.
By Eric Walz • Feb. 28, 2024 -
Courtesy of Nikola
Nikola close to naming next CFO
CEO Steve Girsky has been serving as interim finance chief following Anastasiya “Stasy” Pasterick’s departure.
By David Taube • Feb. 28, 2024 -
Courtesy of Nouveau Monde Graphite
Panasonic Energy fortifies battery supply chain with new graphite deal
Nouveau Monde Graphite is also growing its capacity as more battery companies and automakers secure additional suppliers for their North American supply chains.
By Kate Magill • Feb. 27, 2024 -
Courtesy of Fisker Inc.
EV startups seek alternatives to DTC sales
Direct-to-consumer car sales aren’t what they used to be, experts say. Are dealers the future for automakers like VinFast and Fisker?
By Amanda Loudin • Feb. 27, 2024 -
Courtesy of Mercedes-Benz AG
UAW wins majority support at Mercedes-Benz plant in Alabama
The facility is the second nonunionized automotive plant in the U.S. to earn support for collective bargaining since last fall, the United Auto Workers said.
By Michael Brady • Feb. 27, 2024 -
Bill Pugliano/Stringer/Getty Images North America via Getty Images
Stellantis CEO made over 36M euros in 2023
Carlos Tavares’ compensation soared 56% year over year, according to the automaker’s 2023 annual report.
By Michael Brady • Feb. 26, 2024 -
(Photo by John Moore/Getty Images) via Getty Images
EnerSys plans South Carolina lithium-ion battery factory
The plant is part of an agreement with France-based battery maker Verkor, which produces batteries for automaker Renault Group’s premium and Alpine electric models.
By Joelle Anselmo • Feb. 26, 2024 -
Prostock-Studio via Getty Images
New vehicle sales rose to over 1.2M in February
Sales rebounded thanks to mild weather, strong inventory levels, and larger incentives and discounts, one analyst said.
By Michael Brady • Feb. 26, 2024 -
Courtesy of Volkswagen Group
UAW to spend $40M to organize non-union autoworkers and battery plants
More than 10,000 non-union autoworkers have signed cards since the UAW launched a nationwide organizing drive in December.
By Eric Walz • Feb. 23, 2024 -
Courtesy of Mercedes-Benz AG
Mercedes-Benz delays EV goal amid slowing demand
Low-cost EV sales are growing faster than more expensive luxury models, a company executive said.
By Michael Brady • Feb. 23, 2024 -
Courtesy of General Motors
GM nearly doubles Super Cruise road network miles
The automaker increased the number of usable miles from 400,000 to 750,000.
By Eric Walz • Feb. 23, 2024 -
Courtesy of Rivian Automotive
Rivian to lay off 10% of salaried workforce
A company spokesperson said the hourly manufacturing workers at its plant in Normal, Illinois, would not be affected.
By Michael Brady • Feb. 21, 2024 -
Courtesy of Ford Motor Co.
UAW, Ford reach local deal, staving off strike at Kentucky Truck Plant
Local 862 was prepared to strike on Friday if the tentative agreement was not reached.
By Michael Brady • Feb. 21, 2024 -
Courtesy of Stellantis
Stellantis shakes up sales organization in North America
The reshuffle aims to increase the automaker’s focus on business-to-consumer and business-to-business sales.
By Eric Walz • Feb. 21, 2024 -
Courtesy of Clayco
EV battery plant construction booms even as automakers hit the brakes
The U.S. may need 60 billion batteries and 40 large-scale gigafactories to meet EV demand in 2030, one expert said.
By Sebastian Obando • Feb. 21, 2024 -
Courtesy of Fisker Inc.
Fisker stock is at risk of delisting
The EV startup has six months to boost its share price above $1 per share to stay on the New York Stock Exchange.
By Michael Brady • Feb. 20, 2024 -
Justin Sullivan via Getty Images
Dealers reimbursed $135M for clean vehicle tax credits since Jan. 1
The Clean Vehicle Tax Credit offers consumers the option of a point-of-sale discount of $7,500 for the purchase of qualifying vehicles.
By Eric Walz • Feb. 16, 2024 -
United Auto Workers. (2023). "UAW President Shawn Fain Livestream Update 10/6/23" [Video screenshot]. Retrieved from YouTube.
Nearly 9,000 UAW members could strike at Ford’s Kentucky Truck Plant
The autoworkers want Ford to address health and safety issues, “as well as Ford’s continued attempts to erode the skilled trades” at the plant, the union said.
By Michael Brady • Feb. 16, 2024 -
Courtesy of Stellantis
Stellantis to produce EV drive modules in Hungary
The modules, which combine an electric motor, reduction gearset and inverter into a single unit, should begin production in late 2026.
By Eric Walz • Feb. 15, 2024 -
Courtesy of SSOE Group.
Panasonic, Novonix sign synthetic graphite supply deal
The deal will help the battery maker as it opens its Kansas factory, which is expected to supply automakers like Tesla and Mazda.
By Kate Magill • Feb. 15, 2024 -
Courtesy of Rivian Automotive
Rivian names former Meta, Amazon exec as marketing head
The move comes weeks before Rivian launches the R2, the automaker’s smaller, more affordable electric crossover.
By Michael Brady • Feb. 14, 2024 -
Courtesy of Cruise LLC
GM’s Cruise unit names safety leader amid federal investigations
Steve Kenner will help the company improve safety and reestablish trust with regulators, government officials and the public.
By Michael Brady • Feb. 14, 2024 -
FluxFactory via Getty Images
Vehicle dependability slips after 3 years of ownership: JD Power
The study found a decline in long-term dependability for two-thirds of the vehicle brands analyzed.
By Eric Walz • Feb. 13, 2024 -
Courtesy of BYD.
BorgWarner inks manufacturing deal with BYD subsidiary
The auto supplier will use FinDreams Battery’s LFP battery pack design and manufacturing process in Europe, the Americas and parts of the Asia-Pacific region.
By Sara Samora • Feb. 13, 2024
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