Automakers: Page 23
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Tesla’s profits decline 44% in Q3 thanks to aggressive price cuts
The automaker doesn’t expect the upcoming launch of the Cybertruck to boost the company’s revenue anytime soon.
By Eric Walz • Oct. 19, 2023 -
Ford temporarily lays off 150 more workers at Sterling Axle Plant
The automaker blamed the United Auto Workers strike at its Kentucky Truck Plant for the furloughs.
By Michael Brady • Oct. 19, 2023 -
BMW secures new battery material supplier in Canada
A new partnership with Umicore and added South Carolina production are scaling the automaker's EV supply chain strategy.
By Kate Magill • Oct. 19, 2023 -
Stellantis says it’s pulling out of CES due to UAW strike
The automaker said the move aims to reduce the company’s expenses as it deals with the financial effects of the ongoing United Auto Workers strike.
By Michael Brady • Oct. 18, 2023 -
Stellantis has until Oct. 29 to strike a deal with autoworkers in Canada
Unifor, a union representing more than 8,200 Stellantis workers, is also negotiating for future product commitments at its Brampton Assembly plant related to the electric vehicle transition.
By Michael Brady • Oct. 18, 2023 -
Ford appoints Kumar Galhotra as chief operating officer
The automaker continues to shuffle its leadership as it implements its Ford+ plan and deals with the ongoing United Auto Workers strike.
By Eric Walz • Oct. 18, 2023 -
Cruise faces federal investigation after driverless robotaxi severely injures pedestrian
The National Highway Traffic Safety Administration is investigating four incidents involving Cruise autonomous vehicles and pedestrians in San Francisco.
By Dan Zukowski • Oct. 17, 2023 -
OSHA proposes $270K in fines against GM, LG Energy Solution battery company
The federal agency discovered 19 health and safety violations at Ultium Cells’ Ohio facility, including exposing workers to dangerous chemicals used to produce batteries.
By Sara Samora • Oct. 17, 2023 -
Ford furloughs 700 autoworkers at F-150 Lightning plant, 106 more at Sterling Axle
Ford curbed F-150 Lightning production due to supply chain disruptions and delivery delays unrelated to the United Auto Workers strike. It also furloughed more workers due to the strike.
By Eric Walz • Oct. 17, 2023 -
GM wants to standardize vehicle software interfaces
General Motors joined the Connected Vehicle Systems Alliance to collaborate with the open-source community on technologies for its future software-defined vehicles.
By Eric Walz • Oct. 17, 2023 -
Ford executive chair pleads with UAW to reach deal
Bill Ford warned that the current strike at the company’s Kentucky Truck Plant “will have a major impact on the American economy” and devastate local communities.
By Eric Walz • Oct. 16, 2023 -
GM, Unifor ratify 3-year labor deal for autoworkers in Canada
GM autoworkers with one to two years of seniority will get a 63% to 73% hourly wage increase over the life of the agreement, while Unifor members at the top of the pay scale will get raises up to 25%.
By Michael Brady • Oct. 16, 2023 -
UAW threatens more surprise strikes as Ford says it’s ‘reached its limit’
Following a massive walkout at Ford’s biggest U.S. factory Wednesday, UAW President Shawn Fain hinted Friday that more aggressive strike measures are coming if the Big Three cannot meet its demands.
By Eric Walz • Oct. 13, 2023 -
Top automotive industry conferences in 2024
Upcoming events will touch on electric vehicles, autonomous vehicles, software-defined vehicles, supply chain management and more.
By Michael Brady • Updated Oct. 12, 2023 -
8,700 UAW members strike Ford truck plant in Kentucky
The strike shut down a plant generating $25 billion in annual revenue. It makes some of the automaker's most profitable vehicles, such as Ford F-250–F-550 Super Duty Trucks.
By Eric Walz • Oct. 12, 2023 -
BMW, Mercedes-Benz EV sales jump in Q3, as Tesla loses market share
BMW Group’s electric vehicle sales shot up 79.6% in Q3, while Mercedes-Benz saw its EV sales climb 66%.
By Eric Walz • Oct. 12, 2023 -
Stellantis, Samsung SDI to build $3.2B EV battery factory in Indiana
The site will be the manufacturers’ second joint StarPlus Energy facility in Kokomo.
By Sara Samora • Oct. 11, 2023 -
Nissan names new manufacturing leaders at Mississippi, Tennessee plants
Company veterans David Sliger and Victor Taylor are taking on new roles as the automaker pushes to grow its U.S. electric vehicle manufacturing capacity.
By Sara Samora • Oct. 11, 2023 -
Unifor ends strike against GM after reaching tentative labor deal in Canada
Nearly 4,300 autoworkers will return to work after ending a strike that lasted less than one day.
By Michael Brady • Oct. 10, 2023 -
LG Energy Solution invests $3B in US battery manufacturing expansion
The extra capacity will help the battery maker supply Toyota with lithium batteries in a new supply deal.
By Kate Magill • Oct. 10, 2023 -
GM most vulnerable to UAW strike: Cox Automotive
The Ford Explorer SUV had the highest inventory of any of the top 30 selling models, but the ongoing UAW strike has left GM with under a 30-day supply of some profitable Chevrolet and Cadillac models.
By Eric Walz • Oct. 10, 2023 -
GM, Ford, Stellantis furlough 800 more workers due to UAW strike
While more than half of the temporary layoffs came from Stellantis, 300 employees from its Kokomo Transmission and Kokomo Casting Plant returned to work Monday after being laid off in September.
By Michael Brady • Oct. 10, 2023 -
Nearly 4,300 autoworkers strike against GM in Canada
The strike shut down operations at three General Motors facilities in Ontario, Canada.
By Michael Brady • Oct. 10, 2023 -
How the UAW strike is impacting supplier operations
The strike has caused some down-tier suppliers to hold inventory, while others may see cash flow delays.
By Kelly Stroh • Oct. 9, 2023 -
Rolls-Royce CEO to retire next month
Chris Brownridge, the automaker’s new CEO, will implement Rolls-Royce’s plan to sell electric vehicles exclusively by 2030.
By Michael Brady • Oct. 9, 2023