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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