GM manufacturing chief Gerald Johnson took an end run around UAW leaders by providing striking workers a detailed look at the company’s latest contract offer. “These are not poverty wages,” he stressed, noting many union employees will make over $100,000 before benefits. GM, Johnson stressed, simply can’t offer any more if it hopes to remain competitive.
The impact of Tesla’s price cuts hit home in the third quarter as its earnings fell on a year-over-year basis. Perhaps more importantly, more price cuts are expected to come in the fourth quarter at the company pushes to meet its goal of delivering 1.8 million vehicles globally. More cuts means a tough final quarter — fiscally anyway. Details at Headlight.News.
A combination of factors, including strong income growth and lower prices, made new vehicles more affordable in September than they were in August as well as the year-ago period. Get the details at Headlight.News.
It’s a different climate north of the border when it comes to contract talks between the Detroit automakers and union auto workers. GM workers represented by Unifor agreed to a new four-year deal with the automaker over the weekend. Get details at Headlight.News.
Nearly five weeks in, there appears to be no immediate end in sight for the UAW’s strike against Detroit’s Big Three. In his first appearance since the union’s contracts with his company expired, Ford Chairman Bill Ford spoke out, warning the walkout could destroy the American auto industry, and saying “We need to come together to bring an end to this acrimonious round of talks.”
The prices of new vehicles are falling, Toyota partners to accelerate solid-state battery development, and we review the Subaru Crosstrek Wilderness and more can be found in the latest edition of the Headlight News podcast.
Toyota is looking to make good on its promise to focus more on electric vehicle development and production. The Japanese automaker is looking to ramp up its EV build numbers in the coming years. Find out more at Headlight.News.
As all involved dig in for what’s become an increasingly contentious struggle over a new labor contract, the United Auto Workers expanded its “Stand-Up” strikes to include 38 parts distribution warehouses belonging to General Motors and Stellantis — while sparing Ford Motor Co. Details at Headlight.News.
For what you once have paid for a “nearly new” vehicles, you now might have to settle for something 8 years old. Find out why prices are rising, and if it’s likely to change at Headlight.News.
Automakers laying off more workers as plants become idle. Get details at TheDetroitBureau.com.
Move to put it into competition with Chinese EV manufacturers making incursion into the market. Get the details at Headlight.News.
SUV concept promises 497 miles of range — and a 621-mile EV could follow. Get all the details at Headlight.News.