Corporate/Finance: Page 21
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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 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 Graber • 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 -
Ford targeted by Unifor in Big Three negotiations
After the union reaches an agreement with Ford, it will use that contract to renegotiate with General Motors and Stellantis.
By Michael Brady • Aug. 30, 2023 -
Inflation Reduction Act: mapping the manufacturing law’s impact 1 year later
Investments focused on electric vehicle or battery manufacturing represented more than 60% of the publicly announced projects linked to the IRA.
By Kate Magill , Julia Himmel • Aug. 28, 2023 -
California clean vehicle rebate program expands statewide
The state's rebate incentives will help lower-income consumers access electric and fuel-cell vehicles.
By Dan Zukowski • Aug. 28, 2023 -
UAW members overwhelmingly approve strike at GM, Ford, Stellantis
The United Auto Workers said 97% of the 150,000 union workers employed by the Big Three voted to walk off the job if the sides can’t make a deal.
By Michael Brady • Aug. 25, 2023 -
Looking for a cheap new car? Leasing an EV may be your best option, study says
New car shoppers can save up to $500 per month by leasing an electric vehicle instead of comparable gas-powered vehicles, an Energy Innovation Policy & Technology report found.
By Michael Brady • Aug. 25, 2023 -
US new vehicle sales up 15.4% in August: J.D. Power
Retail sales of new vehicles will reach nearly 1.4 million this month, J.D. Power and GlobalData said.
By Michael Brady • Aug. 25, 2023 -
UAW strike would have domino effect on suppliers
Many auto suppliers, already experiencing economic instability, are unprepared for a strike and may turn to layoffs to deal with a work stoppage.
By Kalena Thomhave • Aug. 22, 2023 -
Continental may sell ContiTech amid electric vehicle shift: report
ContiTech, which makes industrial and automotive rubber, plastic, metal and fabric components, posted sales of about $7.2 billion in 2022.
By Eric Walz • Aug. 22, 2023