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Stellantis invests $1.6B in China-based EV startup Leapmotor
The investment gives Stellantis a 20% stake in the electric vehicle maker and provides access to the world’s largest EV and hybrid market, which nearly doubled in size last year.
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Ford lost $1.3B due to the UAW strike, zapping its Q3 profits
The strike canceled the production of 80,000 vehicles and cost Ford $850 to $900 per vehicle.
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Ford delays construction on second Kentucky battery plant
The automaker is also delaying $12 billion in electric vehicle investments a month after it paused construction on its Michigan EV factory.
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Cruise recalls driverless robotaxis after halting operations in 3 cities
The General Motors subsidiary is grappling with two federal investigations and a recent incident in which one of its cars left a pedestrian seriously injured.
Updated Nov. 8, 2023 -
Ford, UAW reach tentative agreement to end strike
General Motors and Stellantis autoworkers could also receive significant raises if the union pressures them to meet or exceed Ford’s latest offer to raise top wages by more than 30% over the next four years.
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Honda, GM scrap $5B plan to jointly build affordable EVs
Originally, the automakers had planned to co-develop millions of EVs using General Motors’ Ultium battery technology with Honda designing the exterior and interior.
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GM, Stellantis furlough another 660 workers due to UAW strike
Stellantis furloughed 525 autoworkers at two stamping plants that provide parts for the Ram 1500. General Motors furloughed 139 workers at a stamping plant that makes parts for its full-size SUVs.
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Tesla confirms DOJ investigation over inflated driving range estimates
The U.S. Department of Justice is also investigating allegations that the automaker improperly used company funds for CEO Elon Musk’s secret house project, according to a regulatory filing.
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California suspends Cruise robotaxis for misrepresenting safety
The General Motors subsidiary withheld portions of a video showing a recent incident that left a pedestrian severely injured, the state DMV said.
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GM assembly plant in Texas shuts down after 5,000 UAW members strike
The strike at GM’s largest and most profitable plant stopped production of the automaker’s full-size SUVs.
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New cars are more affordable for the first time since 2019
After peaking in December, the average monthly payment declined 0.8% in September from the month prior, Cox Automotive and Moody Analytics said.
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UAW expands strike to Stellantis’ biggest US factory
After calling the automaker’s current offer the “worst proposal on the table,” 6,800 workers from the Sterling Heights Assembly Plant in Michigan walked off the job.
Updated Oct. 25, 2023 -
GM abandons plan to build 400,000 EVs by mid-2024
The automaker blamed lower demand for its decision to curb its EV production goals. GM’s EV production climbed 40% from Q2 to Q3, while EV sales grew 28%.
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Umicore to build battery materials plant in Ontario
The company has already secured a supply partnership with BMW for components produced at the facility.
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GM makes ‘record offer’ to UAW as it looks to end strike
If ratified, some autoworkers represented by the union will see general wage increases rise to $40.39 per hour by 2027.
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Ford confirms more layoffs as a result of UAW strike
The furloughs impact three plants in Ohio and Michigan, including the Sharonville Transmission Plant, Sterling Axle Plant and Rawsonville Components Plant.
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Stellantis launches commercial vehicles business Pro One
The automaker’s lineup includes connected vans, electric pickup trucks and a micro-mobility option.
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Automakers slam Biden administration’s 58 mpg fuel economy standard
General Motors, Ford and Stellantis could pay $10.5 billion in fines if the National Highway Traffic Safety Administration finalizes its recommendations, the American Automotive Policy Council said.
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Stellantis announces more layoffs in Ohio due to UAW strike
The strike is having a ripple effect on the automaker’s manufacturing operations since its Toledo Assembly Complex was one of the first Big Three plants targeted by the UAW last month.
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American Battery Technology Company opens battery recycling plant
The Nevada plant will process up to 20,000 tons of battery feedstock annually into materials like copper, aluminum and steel.
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GM delays EV production at Michigan plant to 2025
General Motors says it needs time to better manage capital investment related to EV demand and implement engineering improvements to increase profits.
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Tesla’s profits decline 44% in Q3 thanks to aggressive price cuts
The automaker doesn’t expect the upcoming launch of the Cybertruck to boost the company’s revenue anytime soon.
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Ford temporarily lays off 150 more workers at Sterling Axle Plant
The automaker blamed the United Auto Workers strike at its Kentucky Truck Plant for the furloughs.
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Stellantis says it’s pulling out of CES due to UAW strike
The automaker said the move aims to reduce the company’s expenses as it deals with the financial effects of the ongoing United Auto Workers strike.
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BMW secures new battery material supplier in Canada
A new partnership with Umicore and added South Carolina production are scaling the automaker's EV supply chain strategy.
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