CEO Carlos Tavares repeatedly has said that electric vehicles cost 40% more to make than those that run on gasoline, and that the company will have to cut costs to make EVs affordable for the middle class
The union said last week said that nearly 9,000 workers at the Kentucky Truck Plant in Louisville would walk picket lines starting Friday if the contract dispute was not resolved
High manufacturing costs are among the reasons why Ford has a $7 billion annual cost disadvantage to competitors, CEO Jim Farley has said
The EV market share grew from 5.8% in 2022 to 7.6% last year. But sales growth slowed toward the end of the year
A study by the leasing company Vanarama has analyzed the most popular festive blockbusters, focusing on cars, to determine which ones appear the most often
The slowdown of EVs’ sales has raised concern among automakers that buyer interest is faltering. Some companies are cutting production and scaling down plans for new battery or assembly plants
Ford, General Motors and others say they plan to provide adapters to customers whose EVs are now equipped with the CCS technology so they can plug into the Tesla network
Ford re-issued full-year earnings guidance that was withdrawn during the strike, but it trimmed its expectations. The company now expects to earn $10 billion to $10.5 billion before taxes in 2023
The autoworkers’ union made an address to 150,000 employees at 13 manufacturers following its successful strike at Detroit’s Big Three
Some electric vehicles on the market can theoretically achieve an 870-mile range in one hour
The company cuts the number of planned jobs by about one third to 1,700 from 2,500. The annual battery cell output will drop from enough for 400,000 vehicles per year to about 230,000
The deal implies strong wage increases and other benefits for employees of the Big Three, and its effect has extended to other companies in the sector
Of the four GM plants that went on strike, workers at only a large SUV plant in Arlington, Texas, approved the contract
Five large factories have turned down the four year and eight month deal by fairly large margins. Voting continues at Ford, where the deal is passing with 66.1%
Hyundai said Monday it will raise factory worker pay 25% by 2028, matching the general wage increase won by the UAW during that period
From Hollywood screenwriters to Spanish hotel workers, new spaces of collective struggle for labor rights are opening up
The agreements provide a blueprint for which cars and trucks they intend to build in the coming years and where they will do so
The UAW union will now seek to include workers from non-unionized factories, such as Tesla and foreign manufacturers like Toyota, Hyundai and Volkswagen
The contract with GM is similar to those reached by Ford and Stellantis. The deal will last four years and eight months and includes 25% general pay raises and cost of living adjustments
The new agreements with UAW, which include wage hikes and other concessions, will increase their labor costs and make a dent in their profits
Jeep maker Stellantis has reached a tentative contract agreement with the United Auto Workers union that follows a template set earlier this week by Ford, two people with knowledge of the negotiations said Saturday
Nearly 17,000 striking workers at Ford left the picket lines when the agreement was announced Wednesday night and will return to work shortly
The deal would include cost-of-living pay increases that could lift the total pay raises above 30% and would be used as a model to seek similar contract settlements with GM and Stellantis
The race car driver sponsored by Red Bull is experiencing his most high-profile season in a 13-year-long F1 career. He’s appeared alongside Jimmy Fallon and Bad Bunny, while having also starred in dozens of commercials
The additional plants further escalate a labor dispute that’s in its sixth week and now has about 46,000 union workers off the job
The company posted net income of more than $3 billion from July through September, down 7% from the same period last year due to lost production from the strike, and also increased warranty costs
Union President Shawn Fain reported progress in talks with General Motors and Stellantis but said the companies will have to make better offers
