Manufacturing: Page 9
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EV startup Vinfast swaps CEO, board leadership
The shift comes as the fledgling automaker seeks to grow its U.S. sales.
By Michael Brady • Jan. 9, 2024 -
Auto suppliers sitting on surplus semiconductors, chip company says
Mobileye said its customers hold millions of excess units to hedge against shortages and are now working through the inventory.
By Ben Unglesbee • Jan. 9, 2024 -
CHIPS and Science Act not enough to strengthen the semiconductor industry: CSCMP report
The industry group's recent report stressed the need for more investment to fortify the country's chip supply.
By Kate Magill • Jan. 5, 2024 -
GM to provide $7,500 incentive for EVs that lost tax credit eligibility
The move aims to help General Motors dealers sell EVs until more of its models are eligible for federal clean energy vehicle tax credits.
By Michael Brady • Jan. 4, 2024 -
Tesla loses EV sales crown to BYD in Q4, despite annual sales record
The change in quarterly sales rankings signals growing competition in China and other major markets.
By Eric Walz • Jan. 3, 2024 -
Over 20 EVs will lose tax credit eligibility in 2024
Fewer eligible vehicles could make it harder for automakers to sell EVs by making them less affordable.
By Michael Brady • Jan. 2, 2024 -
US new vehicle sales up 12.8% in 2023: J.D. Power
Despite declining transaction prices, dealers’ “profits continue to exceed pre-pandemic levels,” Thomas King, president of the data and analytics division at J.D. Power, said.
By Michael Brady • Dec. 22, 2023 -
Deep Dive
Mexico’s nearshoring wave is years in the making
Whether through foreign direct investments or internationally purchased goods, the automotive sector has an outsized share of Mexico's trade.
By Alejandra Carranza , Edwin Lopez • Dec. 21, 2023 -
Automakers protest forced recall of 52M air bag inflators
General Motors, Ford Motor Co. and eight other automakers said the risks are too low to warrant a forced recall by the National Highway Traffic Safety Administration.
By Michael Brady • Dec. 21, 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 -
Panasonic to develop advanced EV batteries with Sila Nanotechnologies
Sila’s nano-composite silicon anode material can deliver a 20% increase in range compared to conventional lithium-ion batteries used for electric vehicles.
By Eric Walz • Dec. 19, 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 -
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 -
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