Corporate/Finance: Page 16
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Courtesy of Stellantis
UAW president calls out Stellantis for laying off over 500 workers
The news could make it more difficult for the United Auto Workers to convince non-union autoworkers to join its ranks.
By Michael Brady • Jan. 17, 2024 -
Courtesy of General Motors
Stellantis replaces its North America COO
Before joining Stellantis, Carlos Zarlenga served as president and CEO of General Motors South America.
By Eric Walz • Jan. 16, 2024 -
Courtesy of Tiamat
Stellantis invests in sodium-ion battery startup Tiamat
The technology uses no lithium or cobalt and could help Stellantis reduce its dependence on other countries, including China, for EV battery materials.
By Michael Brady • Jan. 16, 2024 -
Courtesy of Ford Motor Co.
Deep DiveThe UAW won big for future EV battery plants
The United Auto Workers agreements with GM, Ford and Stellantis will likely increase labor costs for the Big Three as more EV battery plants open.
By Kalena Thomhave • Jan. 16, 2024 -
Gorodenkoff/Shutterstock.com
Sponsored by BalanceMaximizing online automotive sales through smart payment processes
From sales to customer experience, here are the ways that B2B payments can be a source of growth.
Jan. 16, 2024 -
Courtesy of General Motors
Deep DiveAutomotive consumer trends in 2024
Buyers remain concerned about the price of EVs and a lack of a national charging infrastructure, hampering EV adoption.
By Michael Brady , Eric Walz • Jan. 10, 2024 -
Courtesy of VinFast
EV startup Vinfast swaps CEO, board leadership
The shift comes as the fledgling automaker seeks to grow its U.S. sales.
By Michael Brady • Jan. 9, 2024 -
traveler1116 via Getty Images
Transportation tech, challenges on agenda for new US DOT advisory committee
The wide range of experts will advise the agency in what Transportation Secretary Pete Buttigieg called a time of “unprecedented” challenges and opportunity.
By Dan Zukowski • Jan. 5, 2024 -
Michelle Rock/Automotive Dive, data from Getty Images
CHIPS and Science Act not enough to strengthen the semiconductor industry: CSCMP report
The industry group's recent report stressed the need for more investment to fortify the country's chip supply.
By Kate Magill • Jan. 5, 2024 -
Courtesy of General Motors
GM to provide $7,500 incentive for EVs that lost tax credit eligibility
The move aims to help General Motors dealers sell EVs until more of its models are eligible for federal clean energy vehicle tax credits.
By Michael Brady • Jan. 4, 2024 -
Courtesy of Stellantis
Cummins reaches $1.7B settlement with EPA, California for emissions violations
The Justice Department accused the engine maker of installing parts that exceeded emissions standards in 630,000 Dodge Ram pickup trucks.
By Sara Samora • Jan. 4, 2024 -
Brandon Bell via Getty Images
GM, Hyundai and other top automakers report record US sales in 2023
Higher deliveries, supply chain improvements and stronger dealer incentives fueled the jump in new vehicle sales.
By Eric Walz • Jan. 4, 2024 -
Courtesy of Daimler Truck
Amazon to trial Mercedes-Benz hydrogen fuel-cell trucks in 2024
Daimler Truck aims to make its carbon neutral vehicles available in core markets, including the U.S., Europe and Japan, by 2039.
By Iulia Gheorghiu • Jan. 3, 2024 -
Courtesy of Ford Motor Co.
Over 20 EVs will lose tax credit eligibility in 2024
Fewer eligible vehicles could make it harder for automakers to sell EVs by making them less affordable.
By Michael Brady • Jan. 2, 2024 -
Mario Tama/Staff/Getty Images News via Getty Images
US new vehicle sales up 12.8% in 2023: J.D. Power
Despite declining transaction prices, dealers’ “profits continue to exceed pre-pandemic levels,” Thomas King, president of the data and analytics division at J.D. Power, said.
By Michael Brady • Dec. 22, 2023 -
THEPALMER via Getty Images
Deep DiveMexico’s nearshoring wave is years in the making
Whether through foreign direct investments or internationally purchased goods, the automotive sector has an outsized share of Mexico's trade.
By Alejandra Carranza , Edwin Lopez • Dec. 21, 2023 -
Courtesy of General Motors
GM buys out around half of its Buick dealers
Dealers accepting the buyouts declined to invest hundreds of thousands of dollars to sell and service General Motors’ future electric vehicles.
By Eric Walz • Dec. 21, 2023 -
Justin Sullivan/Staff/Getty Images North America via Getty Images
Hyundai creates CX division, combining retail and after-sales
Michel Poirier will lead the division, which was created in an effort to streamline the automaker’s CX efforts.
By Kristen Doerer • Dec. 20, 2023 -
Courtesy of Tesla
Tesla to raise wages 10% at Nevada gigafactory: CNBC
The automaker will increase wages from $20 to $22 per hour for employees at the bottom of the payscale, while high-wage workers will go from $30.65 to $34.50.
By Michael Brady • Dec. 20, 2023 -
Courtesy of Volkswagen Group
Volkswagen denies union-busting claims as UAW files another unfair labor complaint
The union said the automaker’s social media, dress code and flier policies are “unlawful” and “have a chilling effect on workers’ rights” to publicly discuss labor conditions and organize.
By Michael Brady • Dec. 19, 2023 -
coldsnowstorm via Getty Images
BWH Hotels to bring Tesla EV charging stations to North American properties
The partnership is the latest between a hotel company and EV charging provider as hotels increasingly seek to cater to eco-conscious guests.
By Noelle Mateer • Dec. 18, 2023 -
Mario Tama/Staff/Getty Images News via Getty Images
GM shakes up product development team amid EV, Cruise troubles
The news comes as General Motors struggles to launch new EVs, and its self-driving unit Cruise faces an uncertain future.
By Michael Brady • Dec. 18, 2023 -
Retrieved from Ford Motor Co. on December 16, 2023
Ford Credit CEO to retire as company names replacement
The division’s incoming CEO, Cathy O’Callaghan, is currently chief accounting officer but will take the helm Feb. 12.
By Michael Brady • Dec. 18, 2023 -
Courtesy of Cruise LLC
GM’s Cruise unit lays off 24% of its workforce a day after executive dismissals
About 900 employees are impacted by the job cuts, which come as the company slows down commercialization of its autonomous products to focus on improving its technology.
By Eric Walz • Dec. 15, 2023 -
narvikk via Getty Images
Treasury releases guidance on IRA clean energy tax credits
Battery manufacturers can receive a tax credit on a percentage of their production costs until 2033.
By Joelle Anselmo • Dec. 15, 2023
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