The Latest
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GM CEO’s compensation falls 4%
Mary Barra is no longer the highest-paid executive among the Detroit Three automakers.
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Volkswagen looks to boost tech, cut costs in China
The country’s transition to electric vehicles and growing local competition is making it harder for overseas automakers to stay competitive.
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Hyundai shifts focus to hybrids as EV demand declines
Despite record-setting Q1 revenues, the automaker said its EV sales slipped nearly 5% year over year.
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Toyota to assemble new EV at Indiana plant
The automaker will add up to 340 jobs at the facility with a $1.4B investment.
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Honda invests billions in Canada to set up EV production hub
The CAD $15 billion ($11 billion) investment into the automaker’s supply chain includes two factories and materials processing projects with joint venture partners.
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Facing pricing pressure, Ford takes big loss on EVs
CEO Jim Farley called the segment a “huge drag” on the automaker and the industry overall.
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GM aims to build up to 300K EVs in 2024
The automaker anticipates that new electric vehicle launches will help it achieve its ambitious sales targets in 2024.
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Nissan slashes operating profit amid sales dip
The automaker lowered its forecasted sales volume for fiscal year 2023 to 3.44 million vehicles last week.
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Tesla accelerates launch of new models
The EV maker said production for a new vehicle lineup will start months earlier than originally announced and include a more affordable model.
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DOL will raise overtime salary threshold to $44K in July, $59K next year
The final rule expands overtime pay eligibility to millions of U.S. workers, the department said.
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GM Energy rolls out its first vehicle-to-home EV charging products
The bidirectional charging technology allows an electric vehicle’s battery to provide backup power to homes.
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5 auto carriers propose $180M merger
Florida-based Proficient Auto Transport is leading the roll-up of the companies, whose largest customer is General Motors.
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Volkswagen workers join UAW in historic vote
A vast majority of the Chattanooga, Tennessee plant workers voted in favor of joining the union.
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Honda details progress on Ohio EV hub
The automaker is retooling facilities in Marysville, Anna and East Liberty, Ohio.
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Rivian cuts 1% of workforce
The EV maker said the latest round of layoffs are part of a continued effort to right-size the business.
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Ford recalls over 456K Bronco Sport, Maverick models
An undetected low battery charge can result in a loss of drive power on two of the automaker’s more popular vehicles.
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HR leaders well positioned to fight age bias, staffing exec says
Older workers responding to a survey said age would hurt their chances at a new job.
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Deep Dive
Why aren’t more women joining automotive manufacturing?
As gender diversity remains an industry challenge, experts say companies can help tackle the problem by expanding childcare options and prioritizing career development and mentorship.
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Ford, GM, Honda collaborate on standardized Scope 3 emissions reporting
A new supplier questionnaire can streamline how suppliers report on climate goals and consumption.
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Tesla to cut 10% of global workforce: reports
CEO Elon Musk cited the company’s push for cost reduction and existence of duplicative roles as reasons for the layoffs.
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Employers worry training won’t keep pace with tech advancement
Business leaders responding to a survey said it’s never been so hard to plan for future talent requirements.
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Kendrion to sell automotive business to Solero Technologies
The transaction is expected to expand Solero Technologies' product offerings, geographic footprint and customer base.
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BMW, Rimac Technology to co-produce battery tech for EVs
The electric vehicle technology company expects the partnership — its largest and most ambitious yet — will help it become a high-volume Tier 1 automotive supplier.
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Satisfaction gap widens between EV and ICE tires
BFGoodrich, Continental, Falken, Goodyear, Hankook, Kumho and Michelin are among the top-performing original equipment tire brands, according to a J.D. Power study.
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BMW, Tata Technologies to collaborate on software-defined vehicles
The deal adds to a trend of automakers seeking out external tech expertise to help develop next-generation vehicles.