EV sales are rising. So why are automakers nervous?

Slower sales growth, lower prices and growing inventories have spooked carmakers, leading some to reconsider their electric vehicle plans to bolster their finances.

By Michael Brady • Nov. 9, 2023

Lucid Group names Marc Winterhoff as first-ever COO

The EV startup named a chief operating officer after reducing its full-year production guidance to adjust to dwindling demand for its Lucid Air sedan.

By Eric Walz • Nov. 8, 2023

Installing AM radio in EVs could cost automakers $3.8B

The costs stem from mitigating electromagnetic interference caused by electric vehicle propulsion systems, a Center for Automotive Research report says.

By Michael Brady • Nov. 8, 2023

Hyundai’s EV manufacturing campus draws 3 more suppliers to Georgia

The latest auto parts manufacturing investments will help supply the automaker with armrests, headrests, chassis and body parts, and seat frames for electric vehicles.

By Sara Samora • Nov. 7, 2023

Autoworkers in Canada approve labor agreement with Stellantis

The three-year collective bargaining agreements cover about 8,200 autoworkers, including two assembly plants in Windsor and Brampton, as well as the Etobicoke Casting Plant.

By Michael Brady • Nov. 7, 2023

Fisker CTO resigns, automaker names David King successor

He will lead the automaker’s engineering and software teams.

By Michael Brady • Nov. 7, 2023

GM to invest another $2B in EVs under UAW deal

The additional funds are part of the automaker’s plans to invest more than $13 billion in electric and internal combustion vehicle production in the U.S.

By Michael Brady • Nov. 6, 2023

UAW takes aim at Toyota after historic agreements with the Big Three

The union plans to use its new agreements with the Big Three to court non-unionized autoworkers, including those working for Toyota.

By Eric Walz • Nov. 3, 2023

Epsilon Advanced Materials to build $650M graphite anode facility in North Carolina

The plant will start producing high-capacity anode materials in 2026 and use green technologies to make enough materials to power 1.10 million electric vehicles by 2030.

By Joelle Anselmo • Nov. 3, 2023

Hyundai reorganizes design units and names new chief design officer

Hyundai, Kia and Genesis will retain separate design leadership to ensure product differentiation among the brands.

By Eric Walz • Nov. 2, 2023

Stellantis lost $3.2B to UAW strike

The automaker said the strike reduced vehicle shipments by 50,000 units in September and October, which led to the revenue drop.

By Eric Walz • Nov. 1, 2023

Tesla wins lawsuit over deadly Autopilot crash

A jury found the system had no manufacturing defect but did not consider whether it had a design defect.

By Michael Brady • Nov. 1, 2023

UAW wins big concessions from Big Three. Are foreign automakers next?

If the United Auto Workers organize nonunion companies like Tesla and Toyota, it would create a more even playing field for General Motors, Ford and Stellantis, one expert said.

By Kalena Thomhave • Oct. 31, 2023

Toyota to expand North Carolina EV battery plant with $8B investment

The latest investment will create nearly 3,000 more jobs and increase capacity to support the automaker’s EV models.

By Sara Samora • Oct. 31, 2023

Stellantis, Unifor reach tentative agreement, ending autoworkers strike in Canada

The automaker agreed to largely the same terms as Ford Motor Co. and General Motors, raising base wages 20% for production workers and 25% for skilled trades.

By Michael Brady • Oct. 30, 2023

The Ford-UAW deal features $8B in plant upgrades. Here’s where the money’s going.

The investments will include the introduction of new EV models at four facilities.

By Kate Magill • Oct. 30, 2023

UAW ends strike against Stellantis, hits GM with surprise 4,000 worker strike

The Stellantis deal is similar to the United Auto Workers agreement with Ford Motor Co., raising autoworkers’ base wages 25% over four-and-a-half years.

By Michael Brady • Oct. 28, 2023

Ford lost $1.3B due to the UAW strike, zapping its Q3 profits

The strike canceled the production of 80,000 vehicles and cost Ford $850 to $900 per vehicle.

By Eric Walz • Oct. 27, 2023

Cruise recalls driverless robotaxis after halting operations in 3 cities

The General Motors subsidiary is grappling with two federal investigations and a recent incident in which one of its cars left a pedestrian seriously injured.

By Dan Zukowski • Updated Nov. 8, 2023

Ford delays construction on second Kentucky battery plant

The automaker is also delaying $12 billion in electric vehicle investments a month after it paused construction on its Michigan EV factory.

By Kate Magill • Oct. 27, 2023

Stellantis invests $1.6B in China-based EV startup Leapmotor

The investment gives Stellantis a 20% stake in the electric vehicle maker and provides access to the world’s largest EV and hybrid market, which nearly doubled in size last year. 

By Eric Walz • Oct. 27, 2023

Ford, UAW reach tentative agreement to end strike

General Motors and Stellantis autoworkers could also receive significant raises if the union pressures them to meet or exceed Ford’s latest offer to raise top wages by more than 30% over the next four years.

By Eric Walz • Oct. 26, 2023

GM, Stellantis furlough another 660 workers due to UAW strike

Stellantis furloughed 525 autoworkers at two stamping plants that provide parts for the Ram 1500. General Motors furloughed 139 workers at a stamping plant that makes parts for its full-size SUVs.

By Michael Brady • Oct. 25, 2023

California suspends Cruise robotaxis for misrepresenting safety

The General Motors subsidiary withheld portions of a video showing a recent incident that left a pedestrian severely injured, the state DMV said.

By Dan Zukowski • Oct. 25, 2023

New cars are more affordable for the first time since 2019

After peaking in December, the average monthly payment declined 0.8% in September from the month prior, Cox Automotive and Moody Analytics said.

By Michael Brady • Oct. 25, 2023