Lucid CFO resigns in latest leadership shakeup

The news comes weeks after the company unveiled its Gravity SUV and days after the automaker was removed from the Nasdaq-100 Index.

By Michael Brady • Dec. 14, 2023

GM’s Cruise unit dismisses 9 top executives amid safety probes

COO Gil West was among the executives let go from the automaker's robotaxi division.

By Eric Walz • Dec. 14, 2023

FTC finalizes rule to fight dealer bait-and-switch tactics, junk fees

The Combating Auto Retail Scams rule bans dealers from misrepresenting key information like price or charging consumers for add-ons that do not provide them with a benefit.

By Michael Brady • Dec. 14, 2023

Toyota to expand its US EV battery recycling network

The automaker will partner with Cirba Solutions to recover up to 95% of the critical raw minerals used to produce electric vehicle batteries.

By Eric Walz • Dec. 13, 2023

Autoworkers accuse Honda, VW and Hyundai of retaliating against unionization efforts

The workers said they are filing unfair labor complaints against the three companies as they try to rally support to join the United Auto Workers union.

By Eric Walz • Dec. 12, 2023

Tesla CFO sells shares as Musk draws new scrutiny

A spotlight is on the EV maker as investors weigh recent controversial comments from CEO Elon Musk and a lukewarm launch of its Cybertruck product.

By Grace Noto • Dec. 8, 2023

Toyota’s carbon footprint rises despite emissions-curbing initiatives

The car manufacturer’s scope 1 and scope 2 emissions saw an increase over last year’s levels, even as the company aims to be carbon neutral by 2035 across its North America operations.

By Zoya Mirza • Dec. 8, 2023

Continental to spin off user experience unit

The plans are part of the auto supplier’s strategy to reduce costs of its automotive business by 400 million euros a year starting in 2025.

By Eric Walz • Dec. 5, 2023

Ford says new UAW contract will cost $8.8B

The automaker estimates its new labor contract with the United Auto Workers union will cost around $900 per vehicle by 2028.

By Eric Walz • Dec. 1, 2023

GM says UAW labor agreement will cost $9.3B through 2028

GM said the stock buyback would help the company offset the cost of its UAW deal, which includes a 25% wage increase for hourly workers over the next four and a half years.

By Eric Walz • Nov. 29, 2023

Volkswagen will consider layoffs to cut costs amid disappointing EV transition

Brand chief Thomas Schäfer told staff its namesake brand was “no longer competitive.”

By Kalena Thomhave • Nov. 29, 2023

Rivian CEO takes over EV maker’s product development

Top executive RJ Scaringe is expanding his role as former Chief Product Development Officer Nick Kalayjian takes a step back.

By Kalena Thomhave • Nov. 28, 2023

Ford eases dealer requirements to sell EVs after pushback

Dealers complained about the financial commitment of the automaker’s Model e EV program, which could be as high as $1.2 million.

By Eric Walz • Nov. 22, 2023

Ford resumes Michigan EV battery plant construction — but scaled down

The slow adoption of EVs made the automaker reevaluate its investments, a Ford spokesperson said.

By Sara Samora • Nov. 21, 2023

GM tightens control over EV delivery startup BrightDrop

The move brings all of GM’s commercial digital solutions, including BrightDrop Core, into its commercial product and business services unit GM Envolve.

By Eric Walz • Nov. 21, 2023

Nissan raising wages 10% for 9,000 US production workers

Honda, Hyundai, Subaru and Toyota have also promised to increase pay for nonunion workers since the United Auto Workers struck deals with the Big Three.

By Eric Walz • Nov. 21, 2023

Toyota’s financial arm to pay $60M for illegal lending, credit reporting misconduct

The Consumer Financial Protection Bureau said Toyota Motor Credit Corporation withheld refunds, refunded incorrect amounts and provided false data to consumer reporting companies.

By Michael Brady • Nov. 20, 2023

LG Energy Solution to lay off 170 in Michigan

The company said slower-than-expected EV demand contributed to the cuts.

By Kate Magill • Nov. 20, 2023

Cruise CEO resigns amid safety probes into company’s robotaxis

The company’s robotaxi fleet remains grounded in California after one of the vehicles struck a pedestrian in downtown San Francisco in early October.

By Eric Walz • Nov. 20, 2023

Subaru to raise wages after similar moves by nonunionized automakers

The decision impacts Subaru’s sole U.S. assembly plant in Lafayette, Indiana, which employs over 5,600 workers and currently builds the Ascent, Crosstrek, Legacy and Outback models.

By Eric Walz • Nov. 20, 2023

Hyundai, AWS design training, certification program for critical cloud skills

The third-largest carmaker will migrate on-premise applications and leverage jointly designed tech training programs. 

By Lindsey Wilkinson • Nov. 17, 2023

UAW ratifies labor agreements with Ford, Stellantis

The United Auto Workers union says 64% of voting members across General Motors, Ford and Stellantis approved the landmark labor agreements.

By Michael Brady • Updated Nov. 20, 2023

Goodyear CEO to retire as tiremaker overhauls corporate strategy

The company’s transformation plan includes exploring strategic alternatives for its Dunlop brand and chemical and off-road tire businesses, which it hopes will raise over $2 billion in gross proceeds.

By Michael Brady • Nov. 17, 2023

EG Group buys Tesla hardware for European charging network

This is the second time Tesla has sold its ultra-fast EV chargers to the convenience store industry. The automaker struck a deal with BP in October.

By Jessica Loder • Nov. 17, 2023

UAW members vote to approve GM labor deal despite opposition

Nearly 55% of autoworkers represented by the United Auto Workers at General Motors voted “yes” to approve the deal, but 13 facilities rejected it.

By Michael Brady • Nov. 16, 2023