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 report links aluminum — a material used in dozens of car parts — to the labor transfer programs, where workers reportedly face ideological indoctrination and limited freedom of movement
Cruise, the autonomous vehicle division of General Motors, fired nine executives after a robotaxi accident; Tesla recalled two million cars due to problems with Autopilot
None of Tesla’s workers anywhere in the world are unionized, raising questions about whether strikes could spread to other parts of Europe where employees commonly have collective bargaining rights
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
Carmakers are racing to build batteries factories in the US, but are still years away from being able to produce an electric vehicle without materials and components from China
Ford re-issued full-year earnings guidance that was withdrawn during the strike, but it trimmed its expectations.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
By June of this year the 12-month growth rate had slowed from 90% to about 50%, and automakers have become increasingly fearful that the pace will weaken further
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
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%
The Oct. 2 crash prompted Cruise to suspend driverless operations nationwide after California regulators found that its cars posed a danger to public safety
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 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
Suspension of the Cruise robotaxi service comes just two months after another state regulator approved an expansion that authorized around-the-clock rides throughout San Francisco