Manufacturing: Page 13
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GM to layoff 1,300 workers at 2 plants in Michigan
Workers at the automaker’s Orion Assembly plant, which builds the outgoing Chevrolet Bolt EV models, make up most of the cuts.
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 -
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 -
Lithium-ion battery prices hit record low, drop 14% from 2022: BloombergNEF
Prices rose last year for the first time since 2010, then dropped sharply thanks to factors including increased production capacity, the firm said.
By Diana DiGangi • Dec. 5, 2023 -
GM lands 10-year contract to build armored SUVs for State Department
The automaker is revamping the manufacturing process to improve build and delivery times.
By Eric Walz • Dec. 4, 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 -
Thousands of nonunion autoworkers launch campaign to join UAW
The massive union drive covers nearly 150,000 autoworkers from at least 13 companies, including Toyota, Honda, Hyundai and Mercedes-Benz.
By Eric Walz • Nov. 30, 2023 -
Auto industry eyes air freight to trim backlogs post-UAW strike
Suppliers and OEMs are prioritizing shipping speed and reliability to aid their supply chain recovery, industry experts say.
By Kelly Stroh • Nov. 30, 2023 -
Hyundai to pause construction of its South Korea factory to build EV plant
With Hyundai investing billions of dollars in electrification, the automaker is focused on starting construction of its new EV factory in Ulsan, South Korea.
By Eric Walz • Nov. 28, 2023 -
Retrieved from Stellantis on October 18, 2023
UAW strikes: What’s next for auto supply chains after labor deals?
As automakers ramp up production efforts, labor challenges and geopolitical risks may continue to plague operations, according to industry experts.
By Kelly Stroh • Nov. 28, 2023 -
Northvolt develops an advanced sodium-ion battery
The battery, which does not contain rare earth materials, was validated to have an energy density of over 160 watt-hours per kilogram.
By Eric Walz • Nov. 27, 2023 -
BMW supplier plans $500M South Carolina facility expansion
ZF Group's investment will upgrade the transmission plant's equipment to keep pace with automakers' EV plans.
By Sara Samora • Nov. 27, 2023 -
Toyota to source recycled EV battery materials from Redwood Materials
The automaker will use recycled materials to produce batteries at its forthcoming North Carolina EV battery manufacturing plant.
By Eric Walz • Nov. 22, 2023 -
Courtesy of Ford.
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 -
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 -
LG Energy Solution to lay off 170 in Michigan
The company said slower-than-expected EV demand contributed to the cuts.
By Kate Magill • Nov. 20, 2023 -
Subaru to raise wages after similar moves by nonunionized automakers
The decision impacts Subaru’s sole U.S. assembly plant in Lafayette, Indiana, which employs over 5,600 workers and currently builds the Ascent, Crosstrek, Legacy and Outback models.
By Eric Walz • Nov. 20, 2023 -
UAW ratifies labor agreements with Ford, Stellantis
The United Auto Workers union says 64% of voting members across General Motors, Ford and Stellantis approved the landmark labor agreements.
By Michael Brady • Updated Nov. 20, 2023 -
Goodyear CEO to retire as tiremaker overhauls corporate strategy
The company’s transformation plan includes exploring strategic alternatives for its Dunlop brand and chemical and off-road tire businesses, which it hopes will raise over $2 billion in gross proceeds.
By Michael Brady • Nov. 17, 2023 -
Energy Department offers $3.5B for battery manufacturing
The funding from the Bipartisan Infrastructure Law will go towards new, retrofitted and expanded battery and critical mineral production sites.
By Kate Magill • Nov. 16, 2023 -
Michelin to lay off 1,400 employees, end tire production in Oklahoma
The site couldn’t keep up with the evolving automotive market and is set to wind down operations starting next year.
By Sara Samora • Nov. 16, 2023 -
UAW members vote to approve GM labor deal despite opposition
Nearly 55% of autoworkers represented by the United Auto Workers at General Motors voted “yes” to approve the deal, but 13 facilities rejected it.
By Michael Brady • Nov. 16, 2023 -
GM buys gigacasting company with Tesla ties
Tooling & Equipment International worked with Tesla to streamline vehicle manufacturing before General Motors acquired the company.
By Eric Walz • Nov. 16, 2023 -
Volvo acquires Proterra’s EV battery business
The automaker purchased the electric bus maker's battery segment three months after the startup declared bankruptcy.
By Joelle Anselmo • Nov. 15, 2023