Corporate/Finance: Page 16


  • United Auto Workers members rally.
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    Bill Pugliano/Stringer/Getty Images North America via Getty Images
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    UAW rejects Stellantis’ 21% pay raise proposal, White House heads to Detroit

    The White House is sending a team to Detroit early this week to help end the United Auto Workers strike against the Big Three, according to news reports.

    By Sept. 18, 2023
  • A group of UAW members hold strike signs outside of Ford's Michigan Assembly Plant in Wayne, Michigan.
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    Bill Pugliano via Getty Images
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    UAW strikes target factories making popular vehicles

    The “stand-up strike” approach could help the United Auto Workers win more concessions from General Motors, Ford and Stellantis by wreaking havoc on their operations, experts said.

    By Sept. 18, 2023
  • Unifor National President Lana Payne.
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    Unifor Canada. (2023). "Unifor Auto Talks Information Session" [Video]. Retrieved from YouTube.
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    Unifor says Ford’s offers ‘did not come close to meeting our expectations’

    The union’s collective bargaining agreements with General Motors, Ford and Stellantis in Canada expire Monday.

    By Sept. 15, 2023
  • United Auto Workers members marching.
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    Bill Pugliano/Stringer/Getty Images North America via Getty Images
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    UAW goes on strike against GM, Ford, Stellantis

    Union members walked off the job at midnight at three targeted plants after failing to reach a deal with the Big Three automakers. 

    By Sept. 15, 2023
  • General Motors' CAMI Assembly plant
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    Retrieved from General Motors Canada on September 14, 2023
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    “Effectively there is no border”: How a Unifor strike in Canada would affect the North American auto industry

    A Unifor strike in Canada would shake the U.S., given the close integration of the countries’ automotive supply chains.

    By Kalena Thomhave • Sept. 14, 2023
  • United Auto Workers members and others rally.
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    Bill Pugliano/Stringer/Getty Images News via Getty Images
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    UAW won’t extend negotiations, could target strikes

    If the United Auto Workers strike against General Motors, Ford and Stellantis, the union plans to ask specific local chapters to strike rather than at once.

    By Sept. 14, 2023
  • An American flag on a semiconductor chip.
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    William_Potter via Getty Images
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    Onshoring semiconductor manufacturers to the US is risky. Here’s how to protect yourself.

    As chipmakers push to bring their operations closer to home, experts say it’s critical they keep close tabs on critical data and IP. 

    By Michelle No • Sept. 14, 2023
  • United Auto Workers members marching.
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    Bill Pugliano/Stringer/Getty Images North America via Getty Images
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    UAW negotiations with Big Three come down to the wire

    United Auto Workers members employed by General Motors, Ford and Stellantis could strike if the sides can’t make a deal by the time the union’s 4-year labor agreements with the Big Three automakers expire Sept. 14.

    By Sept. 13, 2023
  • The Ford Motor Company world headquarters in Dearborn, Michigan.
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    Bill Pugliano via Getty Images
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    Ford appoints Toyota veteran as its global chief marketing officer

    In addition to tapping Lisa Materazzo as CMO, the automaker hired William Clay Ford III as general manager of Ford Performance and Elena Ford as its chief dealer engagement officer.

    By Sept. 13, 2023
  • An electric vehicle charging.
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    deepblue4you/E+ via Getty Images
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    BMW, Ford, Honda partner on vehicle-to-grid technology

    ChargeScape, a new joint venture, aims to help manage energy use for widespread electric vehicle deployment.

    By Sept. 13, 2023
  • A blue Honda vehicle sits on the sales lot at a Honda dealership in California.
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    Justin Sullivan via Getty Images
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    Honda to unify product, sales and dealer communications

    The new division aims to grow the automaker’s sales momentum as it prepares to launch its first mass-market EVs in the U.S.

    By Sept. 12, 2023
  • United Auto Workers members rally.
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    Bill Pugliano/Stringer/Getty Images North America via Getty Images
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    UAW President Shawn Fain says union won’t take ‘scraps’

    The proposals from General Motors, Ford and Stellantis offer significantly less generous wages and benefits than the United Auto Workers is demanding, Fain said.

    By Sept. 11, 2023
  • The Audi e-tron electric SUV
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    Courtesy of Audi of America
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    Audi appoints CMO to lead new brand marketing team

    Emilie Cotter will help lead Audi of America’s transition to electric vehicles.

    By Sept. 8, 2023
  • United Auto Workers members rally.
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    Bill Pugliano/Stringer/Getty Images News via Getty Images
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    Stellantis, UAW set to spar as labor negotiations heat up

    The automaker offered employed United Auto Workers members a total wage increase of 14.5% over four years.

    By Sept. 8, 2023
  • United Auto Workers members.
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    Bill Pugliano/Stringer/Getty Images News via Getty Images
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    UAW balks at GM’s ‘insulting proposal’

    General Motors offered most United Auto Workers members a 10% wage increase.

    By Sept. 7, 2023
  • A rendering of the Honda Prologue electric SUV in white.
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    Courtesy of American Honda Motor Co., Inc
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    Honda adopting Tesla’s EV plug in North America

    Honda joins a growing list of automakers planning to adopt Tesla’s North American Charging Standard charging port for their future electric vehicles.

    By Sept. 7, 2023
  • An image of two Tesla cars in front of a Hilton hotel being charged via an EV charging station.
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    Permission granted by Cristina Herrera
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    Tesla, Hilton partner to deploy 20,000 EV chargers at hotels

    The hotel chain said locations “alongside roadways and in key urban destinations” are uniquely suited to provide EV charging to travelers. 

    By Jenna Walters • Sept. 7, 2023
  • A Freightliner eCascadia at Electric Island
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    Courtesy of Daimler Trucks North America
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    Cummins, Daimler, Paccar partner on $3B US battery plant

    The three trucking OEMs are forming a joint venture to produce LFP batteries in the country, as demand for clean energy continues to grow.

    By Sept. 6, 2023
  • Kjell Gruner, Rivian Automotive's chief commercial officer.
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    Permission granted by Rivian Automotive
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    Rivian hires former Porsche Cars North America CEO

    Kjell Gruner will serve as the electric vehicle maker’s chief commercial officer.

    By Sept. 6, 2023
  • Chris Paukert, senior group manager of product public relations for Hyundai Motor North America.
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    Courtesy of Hyundai Motor North America
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    Hyundai adds Chris Paukert to public relations team

    The former journalist recently left his position at car-shopping website Edmunds.com.

    By Sept. 5, 2023
  • An orange robotic arm working on a black hydrogen storage tank in a white and gray facility.
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    Courtesy of Michigan Economic Development Corp.

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    Plastic Omnium invests in two hydrogen vehicle sites in Michigan

    The $171 million investment follows the auto parts manufacturer's $2 billion order from a major U.S. automaker earlier this year.

    By Sara Samora • Sept. 5, 2023
  • Four people sitting at a table signing documents and a glass of wine in front of them.
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    Courtesy of Hyundai Motor Group.

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    Hyundai, LG Energy to invest additional $2B in Georgia battery cell plant

    The latest investment adds to the $4.3 billion commitment announced in May and will create 400 more jobs.

    By Sara Samora • Sept. 5, 2023
  • UAW president Shawn Fain speaks with Stellantis workers at the automaker's Sterling Heights Assembly Plant in Michigan on July 12, 2023
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    Bill Pugliano via Getty Images
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    UAW accuses GM, Stellantis of unfair labor practices

    The union filed an unfair labor practice complaint with the National Labor Relations Board over its contract talks with the two automakers. However, it did not file a complaint against Ford.

    By Sept. 1, 2023
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    Drew Angerer/Getty Images via Getty Images
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    Energy Department announces $15.5B to support EV transition, grow domestic battery manufacturing

    The Biden administration is rejecting “the false choice between a good job and a green job,” United Auto Workers President Shawn Fain said in a statement.

    By Robert Walton • Sept. 1, 2023
  • Polestar 3 prototype.
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    Courtesy of Polestar Automotive
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    Polestar Q2 vehicle deliveries up 36%

    Fewer supply chain disruptions and lower raw material costs helped the electric automaker post a 16% year-over-year increase in revenue.

    By Aug. 31, 2023