Corporate/Finance: Page 15
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Nevada is an EV battery gold mine
Home to one of the country’s largest active lithium deposits, the state is becoming a hot spot for EV and battery manufacturing.
By Sakshi Udavant • Oct. 5, 2023 -
Manufacturing remains in a trough, but signs of relief are showing: PMI
Companies are shifting from layoffs to attrition and hiring freezes to manage headcount, as companies note greater optimism for future growth in the industry.
By Kate Magill • Oct. 4, 2023 -
Rivian deliveries up 23% in Q3
The automaker exceeded analysts' expectations, delivering 15,564 vehicles in Q3, up from 12,640 vehicles in Q2.
By Michael Brady • Oct. 3, 2023 -
Ford temporarily lays off 330 more workers due to UAW strike
The automaker furloughed 243 workers at the Chicago Stamping Plant and 90 workers at the Lima Engine Plant, a Ford spokesperson said.
By Michael Brady • Oct. 3, 2023 -
Tesla misses Q3 delivery expectations
Factory upgrades this summer slowed vehicle production, the electric automaker said.
By Michael Brady • Oct. 2, 2023 -
EVs could reach 86% of global vehicle sales by 2030
Although electric vehicles took roughly six years to get from 1% to 10% of global market share, it will take just six more years to reach 80% adoption, an RMI report says.
By Eric Walz • Oct. 2, 2023 -
Suppliers say automakers must balance sustainability with safety, costs
Greater standardization of targets and measures would help the automotive industry reach net-zero emissions globally by 2050, a Center for Automotive Research report says.
By Michael Brady • Oct. 2, 2023 -
Northvolt to build $5B battery factory in Canada
The Montreal plant will be the Swedish battery maker's first manufacturing site outside of Europe.
By Kate Magill • Oct. 2, 2023 -
Honda dreams of net zero emissions with first all-electric SUV campaign
“Keep Dreaming” introduces the 2024 Prologue and showcases the company’s history of innovation and commitment to global carbon neutrality.
By Chris Kelly • Oct. 2, 2023 -
Vehicle subscriptions could speed EV adoption, Deloitte says
Bundled services could help automakers make cars more affordable for consumers, a Deloitte report says.
By Michael Brady • Sept. 27, 2023 -
EV, semiconductor manufacturing projects delayed by labor, permitting issues
Teams have hit pause on Scout Motors’ $2 billion EV plant in South Carolina and American Battery Factory’s $1.2 billion facility in Arizona.
By Sebastian Obando • Sept. 26, 2023 -
GM is the next target for autoworkers in Canada
“Our expectation is that General Motors will follow the pattern set at Ford,” Unifor National President Lana Payne said in a YouTube video.
By Michael Brady • Sept. 26, 2023 -
Ford, Unifor approve 3-year labor agreement for autoworkers in Canada
Hourly production workers employed by Ford of Canada will now earn 35% more than similar Ford employees in the U.S., Unifor said.
By Michael Brady • Sept. 25, 2023 -
UAW strike expands to 38 more GM, Stellantis plants in 20 states
“We will shut down parts distribution until those two companies come to their senses and come to the table with a serious offer,” the UAW said in a statement.
By Eric Walz • Sept. 22, 2023 -
Ford, UAW making ‘significant progress’ in labor negotiations
The automaker agreed to several key demands, the United Auto Workers union said Friday, noting that it will not strike additional Ford plants.
By Eric Walz , Michael Brady • Sept. 22, 2023 -
Redwood Materials acquires leading EU battery recycler Redux Recycling
The move comes after the European Council passed new battery regulations this summer, including lithium recovery targets and recycled content minimums.
By Eric Walz • Sept. 21, 2023 -
Stellantis lays off 68 workers in Ohio, may furlough hundreds more
It’s the first layoffs announced by Stellantis since the strike began last Friday.
By Eric Walz • Sept. 21, 2023 -
GM idles Kansas plant as UAW strike’s ‘ripple effect’ takes hold
Parts shortages caused by an ongoing strike at General Motors’ Wentzville Assembly plant in Missouri led to the decision.
By Michael Brady • Sept. 20, 2023 -
Ford most likely to cut UAW deal first, experts say
General Motors would likely follow Ford’s lead, while a Stellantis strike could last months.
By Kalena Thomhave • Sept. 20, 2023 -
UAW workers strike Mercedes-Benz supplier in Alabama
The United Auto Workers’ negotiations with the ZF Group plant in Tuscaloosa are local but part of a larger UAW push for better pay and benefits.
By Michael Brady • Sept. 20, 2023 -
Ford, Unifor avoid autoworkers strike in Canada
Negotiations with General Motors and Stellantis will remain on hold until Unifor’s members ratify an agreement with Ford.
By Michael Brady • Sept. 20, 2023 -
UAW strike: How auto supply chain managers can mitigate disruption
Industry experts said to focus on supplier health, visibility and relationships to navigate any risks spurred by the union’s work stoppage.
By Kelly Stroh • Sept. 20, 2023 -
New vehicle prices largely unchanged since last year: Cox Automotive
The report shows the average MSRP of a new vehicle in August was $48,451, up $42 from a year ago. But electric vehicles are getting much cheaper, with prices falling 19% year-over-year.
By Eric Walz • Sept. 19, 2023 -
UAW to expand strike noon Friday if Big Three talks don’t progress
“Autoworkers have waited long enough to make things right at the Big Three. We're not waiting around, and we're not messing around,” United Auto Workers President Shawn Fain said.
By Eric Walz • Sept. 19, 2023 -
Mercedes-Benz strikes deal for US-made steel with Steel Dynamics
The steelmaker will provide more than 50,000 metric tons of the material a year to the automaker.
By Kate Magill • Sept. 19, 2023