General Motors have inked a Memorandum of Understanding, a preliminary agreement that could lead to joint work on everything from hydrogen fuel-cells to the development and production of new gas and battery-powered vehicles. But the MoU raises questions about the future of GM’s current relationship with Japanese automaker Honda.
Prominent Jeep and Ram dealers are increasing pressure on Stellantis executives to boost sales in the United States in the wake of a substantial market-share decline.
Solid sales gains in August point to a robust finish for the year as fear of a recessions in the auto business recede, interest rate cut looms on the horizon, and buyers take a closer look at hybrids and newer EVs. Sales of new cars and trucks continued to gain...
Ford Motor Co. will pare back its diversity efforts, joining companies like Lowe’s, John Deere and Beam Suntory, the producers of Jim Beam liquor who have entirely abandoned so-called DEI programs. Ford’s move was hailed by conservatives, but denounced as “shortsighted” by human rights advocates. For his part, CEO Jim Farley said the automaker will still work to creative an “inclusive workplace.”
South Korean automotive behemoth Hyundai Motor expects to sell 5.5 million vehicles globally by the end of the decade, including 2 million EVs and 1.8 million hybrids. The global number represents a 30% jump over last year’s numbers. Find out more at Headlight.News.
It’s been the subject of speculation for weeks, “knowledgeable sources” chattering amongst themselves about the possibility China’s BYD is in talks with Stellantis as it looks for a way to crack into the U.S. market. The two makers have firmly dismissed the rumors. But there seems little doubt Chinese automakers want to target the world’s second-largest automotive market and are sniffing around the North American auto industry looking for a way to break in.
Ford officials revealed the company’s plan to adjust the production timing of its future electric vehicles as well as other future product changes. The moves are designed to improve the company’s profitability while ensuring it hits its long-term environmental goals. Find out more at Headlight.News.
UAW President Shawn Fain used a prime-time speech during the opening of the Democratic National Convention to warn of a possible strike against Stellantis. Speaking out against what he described as “corporate greed,” Fain accused the Euro-American automaker of reneging on investments promised as part of a settlement union and management reached during contract talks last autumn.
General Motors is cutting over 1,000 salaried software and service employees, despite the automaker’s increasing focus on opportunities to expand revenues through the use of connected and autonomous vehicle technologies. The company said the move will help it “prioritize investments.”
The United Auto Workers is challenging the explicitly anti-union, and anti-workers language used by former President Donald Trump and Tesla CEO Elon Musk during an interview on Musk’s social media service X on Monday.
It was billed as an “interview” with presidential candidate Donald Trump but billionaire entrepreneur Elon Musk used the Monday night event on social media service X to promote the benefits of EVs – those from Tesla, in particular. It’s no easy sell, at least to the former president’s followers.
The growth of the EV market has clearly slowed this year, General Motors President Mark Reuss said during a media confab, but sales are still on the rise and GM continues planning to gain ground, even as it delays some product launches. A critical step will be driving down prices, even as profitability improves, said Reuss, who oversees GM’s product development efforts.