Stellantis faces challenges and has lost ground in the U.S. CEO Carlos Tavares acknowledged during Thursday’s “Investors Day” conference, putting some of the blame on his own shoulders. But the carmaker’s flexible strategy and new products offer hope for the future and protect the company’s profitability, he promised analysts and shareholders.
Ford posts double-digit sales gain during May as EV and hybrids attract buyers.
Automakers post strong May sales numbers as they prepare for summer sales surge. Toyota and Lexus have strong showing while Kia and Hyundai bank on EVs.
President Joe Biden announces sweeping tariffs on Chinese goods as an ongoing trade war between China and the United States enters a key period with the outcome of the 2024 U.S. presidential election potentially becoming important wild card play.
Ford Motor Co. set a monthly record for sales of hybrid vehicles during April as its sales slipped last month as sales of the full-size F-150 pickup weakened.
The expanding popularity of electrified vehicles, particularly hybrids, continues to help boost sales of new vehicles amid growing signs consumers are switching to smaller, more affordable vehicles in the face of rising prices and the highest interest rates in nearly a quarter of a century.
Tesla face new challenges from unions and environmentalists as the company’s sales and reputation begin to slip in Europe amid the expanding conflicts in Scandinavia and Germany.
General Motors faces big challenges in China, but Mary Barra says GM will stay the course despite the risks that the company faces due to the recent growth of Chinese automakers.
At Volkswagen, the United Auto Workers has succeeded organizing workers in the South for the first time and the union is now preparing for a vote at Mercedes-Benz in Alabama while pushing for a new, richer contract at Daimler Truck.
UAW achieves key victory in the Southern U.S. with historic membership vote at VW’s Chattanooga, Tennessee assembly plant. This vote could give the union more momentum in its push to expand representation in hotly contested region
Barely a week from now the 4,000 workers at the Volkswagen of America plant in Chattanooga will begin voting on whether they want to join the United Auto Workers in the first test of the UAW’s effort to sign up workers at the foreign-owned automotive plants that have popped up across the United States over the last four decades.
After an uncertain start, U.S. auto sales showed solid momentum in March, with big gains by Japan’s big three and record numbers from Hyundai – which was charged up by EV demand. But Tesla posted a rare sales slid and GM lost ground during the first quarter. Meanwhile, high transaction prices continue to keep many buyers out of the market.