GM buys out around half of its Buick dealers

Dealers accepting the buyouts declined to invest hundreds of thousands of dollars to sell and service General Motors’ future electric vehicles.

By Eric Walz • Dec. 21, 2023

Hyundai creates CX division, combining retail and after-sales

Michel Poirier will lead the division, which was created in an effort to streamline the automaker’s CX efforts.

By Kristen Doerer • Dec. 20, 2023

Tesla to raise wages 10% at Nevada gigafactory: CNBC

The automaker will increase wages from $20 to $22 per hour for employees at the bottom of the payscale, while high-wage workers will go from $30.65 to $34.50.

By Michael Brady • Dec. 20, 2023

Volkswagen denies union-busting claims as UAW files another unfair labor complaint

The union said the automaker’s social media, dress code and flier policies are “unlawful” and “have a chilling effect on workers’ rights” to publicly discuss labor conditions and organize.

By Michael Brady • Dec. 19, 2023

BWH Hotels to bring Tesla EV charging stations to North American properties

The partnership is the latest between a hotel company and EV charging provider as hotels increasingly seek to cater to eco-conscious guests.

By Noelle Mateer • Dec. 18, 2023

GM shakes up product development team amid EV, Cruise troubles

The news comes as General Motors struggles to launch new EVs, and its self-driving unit Cruise faces an uncertain future.

By Michael Brady • Dec. 18, 2023

Ford Credit CEO to retire as company names replacement

The division’s incoming CEO, Cathy O’Callaghan, is currently chief accounting officer but will take the helm Feb. 12.

By Michael Brady • Dec. 18, 2023

GM’s Cruise unit lays off 24% of its workforce a day after executive dismissals

About 900 employees are impacted by the job cuts, which come as the company slows down commercialization of its autonomous products to focus on improving its technology.

By Eric Walz • Dec. 15, 2023

Treasury releases guidance on IRA clean energy tax credits

Battery manufacturers can receive a tax credit on a percentage of their production costs until 2033.

By Joelle Anselmo • Dec. 15, 2023

Lucid CFO resigns in latest leadership shakeup

The news comes weeks after the company unveiled its Gravity SUV and days after the automaker was removed from the Nasdaq-100 Index.

By Michael Brady • Dec. 14, 2023

GM’s Cruise unit dismisses 9 top executives amid safety probes

COO Gil West was among the executives let go from the automaker's robotaxi division.

By Eric Walz • Dec. 14, 2023

FTC finalizes rule to fight dealer bait-and-switch tactics, junk fees

The Combating Auto Retail Scams rule bans dealers from misrepresenting key information like price or charging consumers for add-ons that do not provide them with a benefit.

By Michael Brady • Dec. 14, 2023

Toyota to expand its US EV battery recycling network

The automaker will partner with Cirba Solutions to recover up to 95% of the critical raw minerals used to produce electric vehicle batteries.

By Eric Walz • Dec. 13, 2023

Autoworkers accuse Honda, VW and Hyundai of retaliating against unionization efforts

The workers said they are filing unfair labor complaints against the three companies as they try to rally support to join the United Auto Workers union.

By Eric Walz • Dec. 12, 2023

Tesla CFO sells shares as Musk draws new scrutiny

A spotlight is on the EV maker as investors weigh recent controversial comments from CEO Elon Musk and a lukewarm launch of its Cybertruck product.

By Grace Noto • Dec. 8, 2023

Toyota’s carbon footprint rises despite emissions-curbing initiatives

The car manufacturer’s scope 1 and scope 2 emissions saw an increase over last year’s levels, even as the company aims to be carbon neutral by 2035 across its North America operations.

By Zoya Mirza • Dec. 8, 2023

Continental to spin off user experience unit

The plans are part of the auto supplier’s strategy to reduce costs of its automotive business by 400 million euros a year starting in 2025.

By Eric Walz • Dec. 5, 2023

Ford says new UAW contract will cost $8.8B

The automaker estimates its new labor contract with the United Auto Workers union will cost around $900 per vehicle by 2028.

By Eric Walz • Dec. 1, 2023

GM says UAW labor agreement will cost $9.3B through 2028

GM said the stock buyback would help the company offset the cost of its UAW deal, which includes a 25% wage increase for hourly workers over the next four and a half years.

By Eric Walz • Nov. 29, 2023

Volkswagen will consider layoffs to cut costs amid disappointing EV transition

Brand chief Thomas Schäfer told staff its namesake brand was “no longer competitive.”

By Kalena Thomhave • Nov. 29, 2023

Rivian CEO takes over EV maker’s product development

Top executive RJ Scaringe is expanding his role as former Chief Product Development Officer Nick Kalayjian takes a step back.

By Kalena Thomhave • Nov. 28, 2023

Ford eases dealer requirements to sell EVs after pushback

Dealers complained about the financial commitment of the automaker’s Model e EV program, which could be as high as $1.2 million.

By Eric Walz • Nov. 22, 2023

Ford resumes Michigan EV battery plant construction — but scaled down

The slow adoption of EVs made the automaker reevaluate its investments, a Ford spokesperson said.

By Sara Samora • Nov. 21, 2023

GM tightens control over EV delivery startup BrightDrop

The move brings all of GM’s commercial digital solutions, including BrightDrop Core, into its commercial product and business services unit GM Envolve.

By Eric Walz • Nov. 21, 2023

Nissan raising wages 10% for 9,000 US production workers

Honda, Hyundai, Subaru and Toyota have also promised to increase pay for nonunion workers since the United Auto Workers struck deals with the Big Three.

By Eric Walz • Nov. 21, 2023