Corporate/Finance: Page 16
-
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 Michael Brady • Sept. 18, 2023 -
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 Eric Walz • Sept. 18, 2023 -
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 Michael Brady • Sept. 15, 2023 -
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 Michael Brady • Sept. 15, 2023 -
“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 -
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 Michael Brady • Sept. 14, 2023 -
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 -
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 Michael Brady • Sept. 13, 2023 -
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 Eric Walz • Sept. 13, 2023 -
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 Michael Brady • Sept. 13, 2023 -
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 Eric Walz • Sept. 12, 2023 -
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 Michael Brady • Sept. 11, 2023 -
Audi appoints CMO to lead new brand marketing team
Emilie Cotter will help lead Audi of America’s transition to electric vehicles.
By Eric Walz • Sept. 8, 2023 -
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 Michael Brady • Sept. 8, 2023 -
UAW balks at GM’s ‘insulting proposal’
General Motors offered most United Auto Workers members a 10% wage increase.
By Michael Brady • Sept. 7, 2023 -
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 Eric Walz • Sept. 7, 2023 -
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 -
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 Larry Avila • Sept. 6, 2023 -
Rivian hires former Porsche Cars North America CEO
Kjell Gruner will serve as the electric vehicle maker’s chief commercial officer.
By Michael Brady • Sept. 6, 2023 -
Hyundai adds Chris Paukert to public relations team
The former journalist recently left his position at car-shopping website Edmunds.com.
By Michael Brady • Sept. 5, 2023 -
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 -
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 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 Eric Walz • Sept. 1, 2023 -
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 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 Michael Brady • Aug. 31, 2023