Tuesday, October 31, 2023

UAW strike trims $795M from Stellantis profits while revenue increases

Higher volumes, stable pricing and improving logistics helped Stellantis reduce the damage of the UAW's campaign of strikes in the U.S.



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Monday, October 30, 2023

UAW's next target? Tesla and Elon Musk look enticing to the union

Several major automakers, such as Toyota and Volkswagen, have auto plants in the U.S. that employ non-union workers, but there’s one particularly enticing target for the UAW: Tesla.



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Ford commits investments into Chicago factories as part of UAW deal

Workers will also recoup the pay that was lost while they were on the picket line.



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Sunday, October 29, 2023

Zero percent financing plunges after pandemic peak

The share of all loans financed at 0% hit a new low in the third quarter of 2023 at just 1.1%, down dramatically from a peak in the second quarter of 2020 at 24.2%, Edmunds said.



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How Qualcomm, Nvidia, Mobileye are winning the lucrative battle for smart car tech supremacy

BMW, Mercedes, Porsche and more are spending billions to integrate suppliers' driver-assist systems.



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Parts availability worries dealers as UAW strike continues

By accumulating fast-moving parts ahead of time, many dealers dodged immediate impacts of the UAW strike of the Detroit 3. Now, with certain parts reserves thinning out, their concerns are rising.



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UAW leaders OK Ford deal with $8B in manufacturing investment

The UAW's tentative agreement with Ford also includes an agreement on electric-vehicle battery plants, a plan to convert temporary workers to full-time after nine months of employment and a $5,000 ratification bonus.



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Saturday, October 28, 2023

Leasing returns expected to rise then plunge in ’24

Experian predicts retail leasing returns will rise to 1.1 million in the second quarter of 2024, but then fall to only 640,000 by the end of that year.



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Stellantis deal with UAW gives major boost to Illinois

The automaker will make trucks and batteries out of Belvidere, providing a lifeline for the region and boosting the state's economy.



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UAW orders strike expansion against GM at plant in Tennessee

UAW Local 1853, which represents workers at GM's Spring Hill assembly plant and other facilities, posted that it was on strike as of 5 p.m. Central time Saturday.



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UAW, Stellantis reach tentative contract deal, reports say

The deal reached Saturday is expected to match Ford's 25 percent average pay hikes and a commitment to reopen the idled Belvidere, Ill., assembly plant.



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Friday, October 27, 2023

Ford, GM push back spending on EVs

GM said it no longer will provide EV production targets so it can build to market demand, while Ford said it would delay about $12 billion in EV spending, including one of two battery plants planned in Kentucky.



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Japan's slow walk to EVs starts to look wise

Japan's automaker put on an EV extravaganza at Tokyo's auto show in an admission that EVs are a 'missing piece' of their technology toolboxes, but executives defend their deliberate, go-slow EV rollouts as being "just in time" to meet sustainable market demand.



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VinFast considers ultralow-priced VF 3 EV for U.S. at urging of prospective dealers

The chunky two-door EV sits below the subcompact segment at just over 10 feet long. Duke Hale, an adviser to VinFast, said the VF 3 could have a sticker price of $20,000 or less.



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Thursday, October 26, 2023

Lear lost $170M due to UAW strike, but financial outlook is brighter

Lear increased its full-year financial guidance to the pleasure of Wall Street, with shares rising 3 percent to close Thursday at $133.43.



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CDK, Cars Commerce emphasize value of customer experience

Retailers should focus on reaching customers and then the consumer experience after that connection has been made, according to CDK Global and Cars Commerce panelists at Automotive News Retail Forum: Chicago.



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Stellantis resets China strategy with $1.6B stake in EV maker Leapmotor

Stellantis and Leapmotor will set up a joint venture based in the Netherlands, giving Stellantis exclusive rights for the export, sale and manufacturing of Leapmotor's products outside China.



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Wednesday, October 25, 2023

Ford, UAW close in on tentative deal with 25% raises, sources say

Ford and the UAW could announce a tentative agreement as early as Wednesday evening. If ratified, the deal would provide roughly 57,000 hourly workers with 25 percent raises over four years and bring an end to a 6-week-old strike.



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Mazda pitches rotary engine hybrid in super-hot MX-5 Miata concept

Mazda keeps its rotary engine hopes alive in EV age with an eco-friendly hybrid packaged in a super-slick, show-stealing MX-5 Miata concept.



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Tuesday, October 24, 2023

Cruise ‘misrepresented' and ‘omitted' key safety information, California DMV says

California Department of Motor Vehicles officials say Cruise "misrepresented" and "omitted" key portions of safety information in a meeting following a pedestrian crash this month in San Francisco.



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Sources: UAW now wants at least 25% raises

The new figure, relayed to some bargaining teams in recent days, is 2 percentage points above the raises proposed by Ford, General Motors and Stellantis, which would put top earners at more than $40 per hour by 2027.



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GM Financial Q3 net income down 19%

GM Financial Q3 2023 earnings: GMF's net income dropped to $558M in the third quarter of 2023. But General Motors CFO Paul Jacobson said the captive finance company still "had a strong quarter."



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California DMV suspends Cruise deployment and testing permits

In a major blow to General Motors-backed Cruise, the California Department of Motor Vehicles suspended the company's driverless deployment and testing permits Tuesday.



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JLR opens EV test facility as it gears up for electric cars

JLR is investing $19 billion to develop EVs, with a new all-electric Jaguar coming in 2025.



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Mitsubishi plans to invest more than $214M in Renault's EV unit

The first step of the collaboration will see Renault's Ampere unit supply Mitsubishi with an EV for its European lineup.



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Monday, October 23, 2023

GM workers in Brazil go on strike in protest against layoffs

The strike for an "indefinite period of time" happens as GM announced it was reducing workforce at its three factories in Sao Paulo state after a drop in sales and exports, a move it dubbed "necessary" for its sustainability.



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Minority dealer candidates should be open to moving, experts say

GM and Stellantis seek out minority candidates when an opportunity arises, but it may not be in an aspiring dealer's home market.



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Sunday, October 22, 2023

Toyota, Honda, Nissan pitch EV prowess at Japan Mobility Show

Electric vehicles headline this week's Japan Mobility Show as Japanese automakers try to prove to the world they are serious about full battery electrics.



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Hyundai Ioniq 5 gets some Disney magic and badging

To celebrate Disney's 100th anniversary, 1,000 special-edition Ioniq 5s feature special badging and play Disney music when turned on.



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Friday, October 20, 2023

Supplier earnings to provide early glimpse into UAW strike's financial impact

Third-quarter earnings reports released by publicly traded suppliers in the coming days will provide a glimpse into how the UAW strike, slowdowns at the U.S.-Mexico border and other supply chain challenges are impacting supplier finances.



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GM, Stellantis offer 23% raises in new proposals to UAW

The automaker said its comprehensive offer 'made substantial movement in all key areas in an effort to reach a final agreement with the UAW and get our people back to work.'



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Unstoppable Automotive acquires California dealerships in Monterey, Fresno

Unstoppable Automotive's transactions included a dealership in Fresno, Calif., owned by the Haron family since 1945.



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Despite Mercedes' zeal for EVs, models are slow to sell

Mercedes dealers took an average of 82 days to sell the brand's battery-powered EQ models in September — more than double that of BMW's 38-day turn.



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Detroit 3 lay off 270 more workers in Mich., Ohio, Ind.

Stellantis, Ford and GM announced additional layoffs as the ripple effects of the UAW's five-week work stoppage continue to grow.



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Thursday, October 19, 2023

Toyota to adopt Tesla EV charging standard from 2025

Toyota is adopting Tesla's EV charging standard from 2025, joining Ford, GM and Nissan among the other automakers adopting Tesla's North American Charging Standard.



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Musk's pessimism on Tesla growth leads to analyst downgrades, fear of more price cuts

CEO warns on slow Cybertruck ramp, high interest rates, Mexico factory timeline due to economic uncertainty. "We would characterize last night's conference call as a mini disaster," said one analyst.



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Wednesday, October 18, 2023

Tesla in no rush to build Mexico plant; focuses on difficult Cybertruck ramp: CEO Elon Musk

After disappointing third-quarter earnings, Tesla CEO Elon Musk strikes a pessimistic tone on the global auto market due to high interest rates. The Cybertruck will launch Nov. 30, but volume production won't happen until 2025.



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Tesla reports lower Q3 margin

Tesla's third-quarter gross margin shrank from a year earlier as the electric automaker slashed prices to boost demand in the face of higher interest rates.



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Tesla reports lower third-quarter margin

Tesla's TSLA.O third-quarter gross margin shrank from a year earlier as the electric automaker slashed prices to boost demand in the face of higher interest rates.



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Lordstown Motors ex-CEO approved to buy company assets for $10 million

LAS Capital, majority-owned by former CEO Steve Burns, will acquire Lordstown's intellectual property, business records, and machinery including assembly lines for EV motors and batteries.



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Tuesday, October 17, 2023

Rivian's bond issue does not reflect concerns around EV maker's financial health -CEO

Rivian's earlier-than-expected bond issuance this month was meant to strengthen the EV maker's balance sheet before geopolitical risks tighten capital markets and does not reflect any concerns around its cash and operations, its CEO told Reuters on Tuesday.



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Lucid sold just 1,457 cars in Q3 after price cuts, lease deals, marketing to boost demand

Through the first three quarters, Lucid delivered 4,267 Air sedans and produced 6,037. The EV maker will have to pick up the pace to reach its 2023 production goal of more than 10,000 vehicles.



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AutoNation won't make formal Pendragon offer

AutoNation Inc. has joined Penske Automotive Group Inc. in dropping a pursuit of Pendragon, a large auto retailer in the United Kingdom, which Lithia Motors Inc. also is pursuing.



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Stellantis pulls out of CES tech expo, citing UAW strike, cost savings

Stellantis has used the world's largest technology show to unveil EV concepts such as the Ram 1500 Revolution pickup and Chrysler Airflow crossover.



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GM's Cruise faces NHTSA probe into pedestrian risks following incidents

The agency said it received two reports from Cruise of incidents in which pedestrians were injured, and has identified two further incidents via videos posted to public websites.



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Electric truck maker Volta files for bankruptcy in Sweden

Volta said problems with a supplier had cut the number of trucks it was able to produce and made it hard to raise sufficient capital.



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Toyota idles 6 plants in Japan after explosion at parts supplier

Chuo Spring said an accident involving an explosion in a building at its Fujioka plant on Monday resulted in damage to the facility where vehicle suspension coils are made for a number of Japanese automakers.



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Monday, October 16, 2023

US agency fines Zipcar $150,000 for uncompleted recall rentals

U.S. auto safety regulators said Zipcar has agreed to pay a $150,000 fine after a government investigation found it allowed customers to rent vehicles with uncompleted recalls.



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Toyota to show EV sports car, crossover at Japan Mobility Show

Toyota shows it is serious about electric vehicles, with plans to preview its next-generation EV platform in a sexy sports car and futuristic crossover at the Japan Mobility Show.



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Sunday, October 15, 2023

AutoFi: F&I transparency doesn't impact penetration

Consumers engaging with a car protection product option on a dealership's website bought the same number of items as customers who followed a more typical car-buying process, AutoFi found in a study conducted earlier in 2023.



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Unifor ratifies GM Canada deal with 80.5% of voters in favor

About 4,300 members in Oshawa, St. Catharines and Woodstock, Ontario, voted 80.5 percent in favor of the deal that promises pay increases of nearly 20 percent for longtime workers over the three-year term.



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Saturday, October 14, 2023

Honda unveils electric, self-driving lawn mower

Honda, which is getting out of the gasoline-powered mower business, unveiled an electric self-driving replacement that can be controlled by a tablet or smartphone.



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Friday, October 13, 2023

Entire Utah football team gets Ram trucks

The Ram 1500 Big Horns are being leased through Ken Garff Automotive Group in one of the largest NIL deals in college sports.



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Subaru store offers a different type of loaner ride

One Washington state Subaru dealership offers customers different forms of entertainment while in for service appointments.



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Next-gen Corvette ZR-1 undergoes high speed testing in Germany

A fourth Chevrolet Corvette model, the ZR1, is expected to arrive at dealerships next year as a 2024 or 2025 model.

Unlike previous versions of the highest-performance street-legal Corvette with supercharged V-8s, the C8 version will be powered by a twin-turbo V-8 engine — just the second such production engine GM has ever made. Horsepower could top 850. Engineers last week were putting the sports car through severe high-speed testing at Germany’s Nürburgring.

The latest ZR1 will have a different front fascia with a splitter and a rear wing. These spy photos show two different wings being evaluated.



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Supplier layoffs grow as UAW strike continues, survey shows

Nearly 40 percent of suppliers have laid off workers because of the UAW strike, according to a new survey by trade association MEMA.



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Biden, energy secretary to unveil $7 billion hydrogen hub projects

The $7 billion — part of a larger $8 billion hydrogen hub program funded through 2021's Infrastructure Investment and Jobs Act — will be used to create networks that link hydrogen producers, infrastructure providers and customers across multiple industries, including transportation.



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Thursday, October 12, 2023

Ford has 'reached our limit' on UAW contract proposal, exec says

"We've actually stretched ourselves to get to this point," Kumar Galhotra said of Ford's most recent offer after the UAW expanded its strike to include the highly profitable Kentucky Truck Plant.



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2024 Kia EV9 will top out at 304 miles of range

Kia's three-row EV9 will offer 304 miles of all-electric range when it goes on sale late this year.



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Toyota, Idemitsu team for solid-state battery breakthrough by 2028

Toyota is teaming with Japanese petrochemical giant Idemitsu to develop a sulfide solid electrolyte for the all-solid-state batteries the automaker plans to market in its next-generation electric vehicles around 2027-2028.



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Toyota, Idemitsu team for solid-state battery breakthrough by 2028

Toyota is teaming with Japanese petrochemical giant Idemitsu to develop a sulfide solid electrolyte for the all-solid-state batteries the automaker plans to market in its next-generation electric vehicles around 2027-2028.



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Kia to start at $35K with range of new affordable EVs

Kia's new line of affordable EVs shatter price barriers with style and technology, kicking off with the EV5 compact crossover, on its way to 1 million all-electric sales globally.



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Wednesday, October 11, 2023

Tesla's EV share falls to 58 percent as Model 3 growth cools and Model X and Model S turn red

The automaker's January to August EV share fell to 58% from 65.1% a year earlier, Experian data shows. Tesla blamed factory downtime for global third-quarter sales that came in lower than the preceding quarter.



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UAW expands strike to Ford's Kentucky Truck Plant, adding 8,700 workers to picket lines

The union announced the walkout, effective immediately, late Wednesday on social media, saying Ford "refuses to make further movement in bargaining."



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ZF sees 'renewed interest' as UAW strike in Ala. enters fourth week

There is "renewed interest" from the UAW in negotiations with supplier ZF Group, a company spokesperson said, as the union's strike against the Mercedes-Benz axle supplier in Tuscaloosa, Ala., entered its fourth week.



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Redwood Materials launches battery pricing tool

The online portal is similar to tools dismantlers employ for catalytic converters and platforms dealers employ to price used vehicles.



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Tesla rejects union claims, reports of health and safety issues at German plant

Tesla came under scrutiny in the past fortnight after German media citing local authority documents in Brandenburg reported an unusually high number of work-related accidents requiring workers to take at least three days of sick leave were occurring at the plant.



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Stellantis, Samsung SDI pick Indiana for second joint EV battery plant

The $3.2 billion plant will be co-located in Kokomo, Ind., next to the first plant under construction. The companies expect to create 1,400 jobs at the second site and will begin production in 2027.



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Tuesday, October 10, 2023

BMW beefs up X2 compact crossover coupe

The 2024 BMW X2 will arrive at U.S. dealerships in March.



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Incomplete car purchases canceled as Shift Technologies goes out of business, files bankruptcy

Shift Technologies terminated 120 employees last week ahead of its Chapter 11 filing and retained 24 employees to facilitate Shift's wind-down of operations, according to a court filing.



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BMW, Mercedes Q3 sales decline in China

Mercedes' sales fell 4 percent to 510,600 vehicles, while BMW's volume dipped 5.8 percent to 621,699 vehicles in the quarter.



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Monday, October 9, 2023

Unifor launches strike at 3 GM Canada operations after parties fail to reach new contract

The strike includes roughly 4,300 hourly workers at GM’s Oshawa Assembly Plant east of Toronto, its powertrain plant in St. Catharines and its Woodstock Parts Distribution Center.



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Nissan Hyper Adventure a sporty EV with huge battery, flip seat

The Nissan Hyper Adventure, a high-tech, eco-friendly sporty crossover, will preview the Japanese automaker's next-generation EV designs with a huge battery and unique flip seat when it debuts at this month's Japan Mobility Show.



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Timeline: How the race for Pendragon shaped up

Pendragon appeared primed to sell most of its assets to Lithia Motors Inc. when the transformative but still pending deal was revealed in mid-September. That kick-started a flurry of jostling among three of the largest auto retailers.



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German union says Tesla workers are joining as health and safety issues grow

Lack of staff and inadequate safety provisions are leading to a high number of accidents at work at Tesla's plant near Berlin, the IG Metall union said.



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Live talk at noon Thursday: Impacts of UAW strikes

Michigan State Professor Peter Berg will join for a live talk on the UAW strikes against the Detroit 3.



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Genesis opens its first standalone store on the East Coast

Genesis opened its first retail facility on the East Coast — Genesis of Cherry Hill in Marlton, N.J. — which is the brand's ninth store to open in the U.S. and one of the largest at 20,000 square feet.



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Tesla prices now rival average U.S. cars after billions in cuts

Tesla’s top-selling electric vehicles now compete directly with gasoline cars on price after the latest round of price reductions. The lower prices could cost the company $1.2 billion a year.



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Schaeffler offers to buy Vitesco in $3.8 billion bid to create EV supplier giant

The deal will help the billionaire Schaeffler family reshape its industrial empire, expanding Schaeffler's offerings for the EV industry.



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Sunday, October 8, 2023

Lithia Motors looks closer to Pendragon acquisition

Lithia Motors' increased offer to acquire the dealership and fleet businesses of Pendragon could bring more long-term value to shareholders of the large U.K. auto retailer vs. a rival auto retailer's preliminary proposal, one analyst said.



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Mullen Automotive is banking on 2 rebadged Chinese commercial vehicles

Mullen Automotive will soon know if its strategy of homologating Chinese vehicles for the U.S. commercial fleet market is a viable business plan. Two vehicles, a small electric van and a Class 3 chassis cab, are starting production now.



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Lexus fills ‘big hole' in lineup with Texas-size TX crossover

Dealers have begun receiving their first Lexus TX large crossovers built in Indiana that are intended to keep younger buyers in the luxury brand as their families grow.



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Saturday, October 7, 2023

Unifor, GM have 'major issues left unresolved' as deadline looms Monday

Unifor President Lana Payne says the union has made progress in numerous areas, but is facing resistance on “a number of important elements of the pattern agreement established with Ford Motor Co. [of Canada].”



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Stellantis workers in Canada threaten Unifor's pattern bargaining

Unifor Local 444 President Dave Cassidy, who represents about 4,800 hourly workers at a Stellantis assembly plant in Windsor, Ont., says he will press the automaker to include its EV battery plant in the next collective agreement between the two parties.



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Detroit 3 keep incentives despite UAW strike, though GM's run shorter

Ford, General Motors and Stellantis don't seem to have gone "cold turkey" on their October car sales promotions despite the UAW strike, a J.D. Power analyst said. But GM's deals run only two weeks.



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Friday, October 6, 2023

Sign up now for Leading Women Conference

On Nov. 30, will host its annual Leading Women Conference. This event at The Henry in Dearborn, Mich., draws hundreds of business leaders who are committed to advancing the role of women in automotive.



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Auto brand loyalty decline stalled in first half of 2023, S&P Global Mobility says

Recovering new-car inventories helped curb decline in the industry's brand loyalty rate in the first half of 2023, according to an analysis by S&P Global Mobility.



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O'Brien Auto Team drives repeat business with loyalty rewards

About 80 percent of the dealer group's customers are enrolled in the O'Brien Rewards program.



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Used-car retailer Shift Technologies plans to file for Chapter 11 bankruptcy protection, ceases operations

The used-car retailer said it shuttered its two remaining locations in California and ceased operations of its website.



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Alpha Auto Group finalizes $842M deal for U.K.'s Lookers group

The deal hands ownership of Lookers’ 147 new-vehicle dealerships in the U.K. and Ireland to Global Auto Holdings, a special-purpose acquisition company formed to carry out the purchase.



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Dealers to be reimbursed for EV credit transfers within 3 days, Treasury says

The reimbursement time frame was part of a handful of new guidance issued Friday by the Treasury and IRS to provide dealers with additional information on registration requirements and how the mechanics of the credit transfer will work.



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SEC turns up the heat on Tesla's Musk over Twitter stock purchases

The SEC began its probe in April 2022 and has requested thousands of documents from the Tesla CEO and other parties, the agency said. The billionaire has already sent hundreds of documents, and testified twice in July 2022.



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Thursday, October 5, 2023

Down to earth: Retail auto technology startups lower VC expectations

The decline in easy venture capital investment that began in 2022 shows no sign of ending. Retail auto tech startups are slashing their budgets or adjusting their business plans to make cash on hand last longer.



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Kia ready to start EV9 reservation activity

Consumers will soon be able to request a reservation for Kia's three-row EV9, which will have a $54,900 starting price when it goes on sale later this year.



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GM to cut software jobs, affecting nearly 180 employees

Most of the positions are in software validation and program management.



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UAW strike hasn't crimped Detroit 3 inventory levels

General Motors has the biggest risk of running low on inventory, particularly if the UAW orders workers at its full-size truck plants onto picket lines.



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Rolls-Royce CEO Torsten Müller-Ötvös to retire

Müller-Ötvos, 63, has led Rolls-Royce since 2010, overseeing a sharp increase in sales and the brand's first SUV and full-electric models. He will be replaced by Christopher Brownridge, the head of BMW Group's U.K. and Irish operations.



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Stellantis workers displaced from Illinois Jeep plant want better future for Belvidere

The future of the Belvidere Assembly Plant, which Stellantis shut down in February, is among the issues yet to be resolved in negotiations with the UAW. Some of its former workers are now on strike hundreds of miles away.



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Geneva auto show resurrects itself in Qatar's 104-degree heat

VW, Mercedes, as well as California's Lucid and Asian automakers, are taking part in the show to win business in a region with annual new-car sales on a par with the German market.



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EV maker VinFast reports $527 million quarterly loss as deliveries rise

Deliveries of the company's EVs rose to about 9,500 in the three months through June.



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Wednesday, October 4, 2023

Ford announces 400 more layoffs in Detroit area due to UAW strike

Layoffs at Livonia Transmission and Sterling Axle near Detroit bring the total number of workers told to stay home since the strike began in mid-September to 1,330.



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Toyota and LG Energy sign battery supply agreement to power EVs

Toyota Motor and LG Energy Solution signed a supply agreement for lithium-ion battery modules for use in the Japanese automaker's battery electric vehicles that will be assembled in the U.S., the companies said on Wednesday.

LG Energy Solution will supply Toyota with 20GWh of high-nickel NCMA battery modules annually from 2025, manufactured at the South Korean company's Michigan facility.

The battery maker will invest about $3 billion in its Michigan facility to establish new production lines for battery cells and modules exclusively for the automaker, the completion for which is expected in 2025.



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Rivian adds 400-plus-mile battery option to R1T, R1S

The EV startup is launching the "max pack" option for its electric pickup and crossover. Rivian reported 15,564 deliveries in the third quarter as manufacturing constraints ease.



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2024 Honda Passport gets tougher TrailSport, new Black Edition

Honda's 2024 Passport gets enhancements to its off-roading TrailSport variant and a new Black Edition that replaces the top Elite trim.



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China rebukes EU after formal launch of EV subsidy probe

The European Commission formally launched the investigation on whether to set tariffs to shield its producers from a "flood" of imports of cheaper Chinese electric vehicles it says benefit from state subsidies.



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Cruise robotaxi was second vehicle to strike San Francisco pedestrian, video shows

Video reviewed by late Tuesday showed how the incident developed on Monday night in San Francisco.



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Tuesday, October 3, 2023

Detroit 3 continue to pay health benefits for striking workers

Having the companies continue to cover health benefits beyond their contractual obligations spares the UAW an additional drain on its strike fund and avoids a potential backlash.



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Detroit 3 continue to pay health benefits for striking workers

Having the companies continue to cover health benefits beyond their contractual obligations spares the UAW an additional drain on its strike fund and avoids a potential backlash.



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Tesla's new base Model Y trim starts at just over $45,000

The single-motor variant starts at $45,630 with shipping — $3,750 lower than the previous base trim. It arrives on the heels of Tesla's mixed third-quarter sales report.



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After Q3 sales miss, Tesla's Cybertruck and Model 3 will fuel growth, analysts say

Fast-growing Tesla posted a rare quarter-on-quarter sales decline due to factory downtime. But better days are coming, analysts say, with the launch of Cybertruck and freshened Model 3 sedan



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Tesla reintroduces rear-wheel drive Model Y at lower price

The Model Y, a crossover that began deliveries in March 2020, is the company’s best-selling model. Tesla has tweaked prices several times since the beginning of the year.



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Incentive spending cuts likely for Detroit 3 amid strike

The UAW strike will prompt Ford, General Motors and Stellantis to pare back incentive deals for car shoppers, according to J.D. Power and Edmunds analysts. However, incentives are already low industrywide.



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Hyundai, Kia rack up more U.S. sales gains in September, Q3

Analysts expect U.S. light-vehicle sales to rise 13 to 14 percent in September and 15 to 16 percent for the third quarter as retail inventories improve and fleet shipments rebound.



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Monday, October 2, 2023

GM, Stellantis face $9.5 billion in U.S. fuel economy fines, according to industry letter

The proposal by President Joe Biden's administration to hike fuel economy standards through 2032 would cost General Motors $6.5 billion in fines and Stellantis $3 billion, according to a letter from the American Automotive Policy Council.



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UAW makes new counteroffer to GM; Ford lays off 330

The UAW had expanded its strike twice since making its previous offer to GM. Ford said it has now laid off 930 workers since the walkout started Sept. 15.



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Mercedes-Benz hydrogen truck prototype covers more than 650 miles on one fill

Daimler Truck said it achieved a milestone with its Mercedes-Benz hydrogen fuel cell truck — exacting 650 miles on just one tank of fuel.



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NHTSA upgrades, expands Ford Bronco probe into ‘catastrophic engine failure'

NHTSA's Office of Defects Investigation upgraded the investigation to an engineering analysis after Ford provided evidence of 328 customer complaints, 487 warranty claims and 809 engine exchanges in 2021-22 Ford Bronco, Edge, Explorer and F-150 vehicles and 2021-22 Lincoln Aviator and Nautilus vehicles that are equipped with 2.7-liter or 3.0-liter EcoBoost engines.



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Why Detroit 3 automakers' EV futures ride on UAW deal

The deals that Ford Motor Co., General Motors and Chrysler parent Stellantis eventually make with the union will go a long way toward determining their electric futures, according to industry experts.



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UAW and Mack Trucks reach tentative deal to avoid strike

The temporary agreement must still be ratified by the UAW rank-and-file. Should the 4,000 Mack workers have gone on strike, it could have strained the UAW's $825 million strike fund.



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Sunday, October 1, 2023

Tesla store dodged $34,000 in tolls, lawsuit claims

The operator of a nine-mile toll road outside Denver says vehicles registered to Tesla's store in Littleton have avoided paying for thousands of trips.



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Toyota is remaking its EV factories in 6 radical steps

Toyota is radically rebooting its famed manufacturing system for its next generation of Tesla-fighting electric vehicles, due in 2026. Automotive News synthesizes days of company briefings and demonstrations to deliver a step-by-step picture of the production processes that will churn out these lower-cost, giga-cast, software-defined EVs of tomorrow.



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