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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Higher volumes, stable pricing and improving logistics helped Stellantis reduce the damage of the UAW's campaign of strikes in the U.S.
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.
Workers will also recoup the pay that was lost while they were on the picket line.
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.
BMW, Mercedes, Porsche and more are spending billions to integrate suppliers' driver-assist systems.
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.
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.
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.
The automaker will make trucks and batteries out of Belvidere, providing a lifeline for the region and boosting the state's economy.
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.
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.
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.
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.
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.
Lear increased its full-year financial guidance to the pleasure of Wall Street, with shares rising 3 percent to close Thursday at $133.43.
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.
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.
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.
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.
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.
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.
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."
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.
JLR is investing $19 billion to develop EVs, with a new all-electric Jaguar coming in 2025.
The first step of the collaboration will see Renault's Ampere unit supply Mitsubishi with an EV for its European lineup.
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.
GM and Stellantis seek out minority candidates when an opportunity arises, but it may not be in an aspiring dealer's home market.
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.
To celebrate Disney's 100th anniversary, 1,000 special-edition Ioniq 5s feature special badging and play Disney music when turned on.
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.
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.'
Unstoppable Automotive's transactions included a dealership in Fresno, Calif., owned by the Haron family since 1945.
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.
Stellantis, Ford and GM announced additional layoffs as the ripple effects of the UAW's five-week work stoppage continue to grow.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Stellantis has used the world's largest technology show to unveil EV concepts such as the Ram 1500 Revolution pickup and Chrysler Airflow crossover.
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.
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.
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.
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.
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.
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.
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.
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.
The Ram 1500 Big Horns are being leased through Ken Garff Automotive Group in one of the largest NIL deals in college sports.
One Washington state Subaru dealership offers customers different forms of entertainment while in for service appointments.
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.
Nearly 40 percent of suppliers have laid off workers because of the UAW strike, according to a new survey by trade association MEMA.
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.
"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.
Kia's three-row EV9 will offer 304 miles of all-electric range when it goes on sale late this year.
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.
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.
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.
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.
The union announced the walkout, effective immediately, late Wednesday on social media, saying Ford "refuses to make further movement in bargaining."
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.
The online portal is similar to tools dismantlers employ for catalytic converters and platforms dealers employ to price used vehicles.
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.
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.
The 2024 BMW X2 will arrive at U.S. dealerships in March.
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.
Mercedes' sales fell 4 percent to 510,600 vehicles, while BMW's volume dipped 5.8 percent to 621,699 vehicles in the quarter.
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.
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.
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.
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.
Michigan State Professor Peter Berg will join for a live talk on the UAW strikes against the Detroit 3.
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.
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.
The deal will help the billionaire Schaeffler family reshape its industrial empire, expanding Schaeffler's offerings for the EV industry.
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.
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.
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.
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].”
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.
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.
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.
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.
About 80 percent of the dealer group's customers are enrolled in the O'Brien Rewards program.
The used-car retailer said it shuttered its two remaining locations in California and ceased operations of its website.
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.
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.
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.
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.
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.
Most of the positions are in software validation and program management.
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.
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.
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.
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.
Deliveries of the company's EVs rose to about 9,500 in the three months through June.
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.
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.
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.
Honda's 2024 Passport gets enhancements to its off-roading TrailSport variant and a new Black Edition that replaces the top Elite trim.
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.
Video reviewed by late Tuesday showed how the incident developed on Monday night in San Francisco.
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.
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.
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.
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
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.
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.
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.
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.
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.
Daimler Truck said it achieved a milestone with its Mercedes-Benz hydrogen fuel cell truck — exacting 650 miles on just one tank of fuel.
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.
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.
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.
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.
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.