The Latest
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Courtesy of Cubert
Battery startup Northvolt to lay off workers, scale back expansion plans
More than 200 employees were affected by the decision to close the company's R&D facility in San Leandro, California.
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Win McNamee via Getty Images
Powell says Fed policymakers not ‘in a hurry’ to cut interest rates
“We’re recalibrating policy to maintain the strength in the economy, not because of weakness in the economy,” Federal Reserve Chair Jerome Powell said.
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Courtesy of Ford Motor Co.
Ford tries to sway EV buyers with free home charger
The automaker is throwing in complimentary installation and roadside assistance, among other benefits, as part of its “Ford Power Promise.”
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Courtesy of Stellantis
Stellantis’ sales struggles spur lower guidance
The automaker also adjusted its inventory and shipment plans, citing "corrective actions" in North America.
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Joe Raedle via Getty Images
Layoffs mount amid low manufacturing demand: September PMI
The presidential election, an East Coast port strike and the impact of Hurricane Helene are creating a flurry of challenges for manufacturers this fall.
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Courtesy of Hyundai Motor North America
Hyundai, Kia launch advanced battery technology project
To better compete in the EV market, the automakers plan to jointly develop lithium iron phosphate battery cathode material manufacturing technology in South Korea.
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Spencer Platt via Getty Images
ILA strike begins, disrupting East and Gulf Coast ports
Without a new port labor deal, the International Longshoremen’s Association instructed its members to halt work after midnight Tuesday.
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Courtesy of Ford Motor Co.
Ford reaches tentative union deal with tool and die unit
The UAW said Local 600's agreement would strengthen job security at the Dearborn, Michigan, facility by protecting against the impacts of advancements in 3D printing.
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Courtesy of Volkswagen
Volkswagen integrates Google’s generative AI to enhance app experience
Through a Google collaboration, car owners will be able to search their owners’ manuals by posing questions like “How do I change a tire?”
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Brandon Bell via Getty Images
Dealer pessimism rises amid concerns about economy, election
The sentiment is likely driven by rising costs and declining profitability relative to an industry peak in 2021, according to a recent Cox Automotive survey.
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Bilanol/iStock/Getty Images Plus via Getty Images
Fed rate cut unlikely to boost US auto sales in Q4
However, continued interest rate cuts and lower vehicle prices could make a difference in 2025, analysts said.
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Brandon Bell via Getty Images
Trump vs. Harris on manufacturing: A tale of 2 speeches
In dueling remarks this week, the Republican nominee focused on tariff hikes, while the Democratic nominee talked of boosting clean energy production.
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Courtesy of Stellantis
Stellantis lays off seasonal workers at Michigan plant
The automaker cut 177 supplemental employees as well as 14 full-timers at its Sterling Heights Assembly Plant, citing multiple reasons.
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Nic Antaya via Getty Images
White House backs $1B EV supplier fund
Monroe Capital’s managed fund is focused on helping small- and medium-sized auto manufacturers transition to electric vehicle production.
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Courtesy of Ford Motor Co.
Ford recalls nearly 145K Mavericks for rear camera display failures
The recall covers certain 2022-2024 Maverick pickups equipped with Ford’s Connected Touch Radio.
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Courtesy of Kia America, Inc.
Kia will offer NACS adapters for its EVs in early 2025
The automaker says the adapter will “vastly expand charger availability” for U.S. electric vehicle customers.
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Justin Sullivan via Getty Images
Customer satisfaction with public EV charging is improving: JD Power
Electric vehicle owners are particularly satisfied with the speed of public fast chargers.
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Photo by Frederic Lewis/Getty Images via Getty Images
Companies are investing less time and money in women: study
McKinsey & Co. emphasized that the “broken rung” of advancement remains a core issue for women.
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Bill Pugliano via Getty Images
Employers increasingly shed jobs, reflecting economic uncertainty
Hiring intentions fell to the lowest year-to-date total since data tracking began in 2005, Challenger, Gray & Christmas said.
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Mario Tama via Getty Images
US seeks to limit China, Russia’s role in connected vehicle supply chains
The Department of Commerce's proposed new rule would require vehicles used in the U.S. to exclude suppliers with links to those countries.
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Courtesy of BMW Group
BMW taps Redwood Materials for battery recycling
The company will work directly with BMW of North America at over 700 locations, including dealerships and distribution centers, to collect batteries for recycling.
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Courtesy of General Motors
GM releases NACS adapter for access to Tesla Superchargers
The device is now available to customers in the U.S., followed by Canada later this year.
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deberrar/Getty Images via Getty Images
Generative AI raises security concerns among IT leaders
Executives worry their organization lacks the ability to protect applications and workloads, according to a Flexential survey.
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Courtesy of General Motors
GM recalls nearly 450K vehicles for brake warning fault
A software error in the brake control module means drivers may not be alerted that the vehicle’s brake fluid level is low.
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Courtesy of Nuro
AV developer Nuro plans to license its tech to automotive OEMs
The company had been working on autonomous driving technology for last-mile delivery vehicles, which are not designed to carry passengers.
