The Latest
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Powell sees longer inflation fight, ‘very small’ odds of Fed rate hike
“We have the highest interest rates in some time,” Powell said Tuesday. “The question is, ‘is it sufficiently restrictive?’”
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Biden hikes tariffs on China-made EVs, batteries
The action aims to protect the U.S. market from the rise in Chinese electric vehicle exports, which the U.S. says jumped 70% from 2022 to 2023.
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Volvo Cars shakes up leadership team after COO leaves for Rivian
The automaker named new product, engineering and supply chain chiefs as it pursues "technological and commercial transformation."
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EV maker Lucid Group shores up its losses with billion-dollar investments
Lucid has received $6.4 billion from Saudi Arabia’s Public Investment Fund since 2018, which has helped support its operations as it works to turn a profit.
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How to make sexual harassment training effective
To reduce workplace harassment, a key element is ensuring that learning materials go beyond compliance, experts said.
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Ford CFO John Lawler to serve in dual role as vice chair
The automaker also named former Lucid Group CFO Sherry House as VP of finance as it begins to execute its Ford+ strategic plan.
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Rivian completes plant retooling, a ‘pivotal step’ on path to profitability
CFO Claire McDonough said the EV maker expects lower variable costs to be the biggest driver of gross profit improvement this year.
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Fisker names chief restructuring officer
The ailing company’s board appointed John DiDonato, managing director of Huron Consulting Group, to the role last month as it attempts to stave off bankruptcy.
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Ford execs on EV strategy: 3 lessons learned on pricing, models and profits
The automaker expects each one of its electric vehicles to be profitable within 12 months of launch, and it will do ‘everything it takes’ to make that a reality.
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Job security, work-life balance remain biggest challenges for women in revenue-generating roles
Women reported fewer promotions and fewer salary increases amid a tightening economy and slashed budgets.
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Auto retail sales benefit from tax season: Cox Automotive
Used vehicle supply fell to its lowest level in the past year after a spring buying surge.
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Automakers get more flexibility as US finalizes EV tax credit rules
Electric vehicle makers have been racing to shift their supply chains to qualify for the credit. The latest changes give them more time.
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Rivian hires former Volvo Cars exec as next COO
Javier Varela will be central to the company’s growth and profitability as it prepares to launch new electric vehicles.
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UAW Local 869 votes to authorize strike at Stellantis plant
The union has put the automaker on notice as workers claim it has failed to address health and safety grievances at the Michigan facility.
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BMW’s future EVs will support bidirectional charging
The automaker’s next generation of vehicles will be able to store energy to send back to the grid.
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Automotive design: Professor explains why minimalism is having a renaissance
An academic specialized in automotive design broke down recent models and what they say about how executives are adapting to trends for Automotive Dive.
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Why VW’s Q1 profits fell 20% despite higher deliveries
The company blamed lower-than-anticipated global sales and its investments in launching new electrified models.
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Ford recalls nearly 243K Maverick pickups for tail light issue
The company has issued a total of 23 separate recalls across its model lineup since January.
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How Mexico’s presidential candidates expect to leverage nearshoring
Modernizing border crossings, improving legal certainty and improving roads and rail networks were among the ideas candidates raised during a presidential debate.
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Ford invests in dealer education to improve customer experience
With Ford University, the automaker is banking on highly informed dealers to serve as guides to customers throughout the buying process.
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Toyota Motor North America creates COO, CSO roles
EVPs Jack Hollis and Chris Reynolds are taking on additional responsibilities as part of the new assignments.
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Rivian reaffirms plans for $5B Georgia EV plant despite construction pause
The electric carmaker emphasized its intention to continue limited site development activity during the pause period, according to a company letter.
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Ford, Tesla face NHTSA investigations over self-driving tech
For Tesla, the agency will assess whether the automaker's response involving a December recall of 2 million vehicles was sufficient.
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Stellantis revenues slip 12% as it preps for next-gen product launches
The automaker is debuting 25 new or updated products in 2024, 18 of which will be battery electric vehicles.
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EEOC finalizes harassment guidance, addressing remote work and gender identity
Harassment can include “outing” individuals, misgendering and prohibiting workers from using sex-segregated bathrooms consistent with their gender identity, the agency said.