Thursday, August 31, 2023

UAW files labor complaints against GM, Stellantis

UAW President Shawn Fain said GM and Stellantis are refusing to bargain in good faith as a Sept. 14 contract expiration nears.



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Castle Automotive continues Chicago-area dealership expansion

Castle Automotive of suburban Chicago continued its growth in the region with the purchase of three dealerships representing four brands.



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Ford expands line of credit by $4 billion to weather market ‘uncertainties'

The revolving credit agreement adds to the $47 billion in total liquidity the automaker had at the end of the second quarter.



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Bosch CEO says U.S. support needed for full expansion of California chip factory

Bosch said the U.S. TSI facility would become the "third pillar" of in-house semiconductor production, along with two sites in Germany, and will help the supplier in its bid to make silicon carbide chips.

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Multiple U.S. investigations underway on Tesla, reports say

The requests for information focus on correspondence with Omead Afshar, a key lieutenant to CEO Elon Musk and the individual at the center of an internal Tesla probe.



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Wednesday, August 30, 2023

Ford's Kumar Galhotra to speak at Automotive News Congress

Galhotora, who leads Ford's gasoline-powered vehicle business, will join a keynote lineup that includes General Motors President Mark Reuss and Hyundai Motor Co. President Jose Muñoz.



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Alfa Romeo unveils 33 Stradale flagship supercar

All 33 examples of the 33 Stradale have already been sold. A V-6 twin-turbo engine has more than 620 hp, while a full-electric option has more than 750 hp.



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