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

Energy Department offers $3.5B for battery manufacturing

The funding from the Bipartisan Infrastructure Law will go towards new, retrofitted and expanded battery and critical mineral production sites.

By Kate Magill • Nov. 16, 2023

Michelin to lay off 1,400 employees, end tire production in Oklahoma

The site couldn’t keep up with the evolving automotive market and is set to wind down operations starting next year.

By Sara Samora • Nov. 16, 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

GM buys gigacasting company with Tesla ties

Tooling & Equipment International worked with Tesla to streamline vehicle manufacturing before General Motors acquired the company.

By Eric Walz • Nov. 16, 2023

Volvo acquires Proterra’s EV battery business

The automaker purchased the electric bus maker's battery segment three months after the startup declared bankruptcy.

By Joelle Anselmo • Nov. 15, 2023

Hyundai is raising wages 25% by 2028 for production workers

The pay hikes will impact employees at the automaker’s assembly plant in Alabama and its electric vehicle factory in Georgia, which is under construction.

By Eric Walz • Nov. 14, 2023

Continental to lay off thousands of automotive employees in restructure

The supplier plans to cut automotive spending by over $400 million annually as it restructures its business amid the transition to electric vehicles.

By Michael Brady • Nov. 13, 2023

Honda raises production worker wages by 11% after Toyota pay bump

The automaker’s decision follows the historic pay raises the United Auto Workers won from the Big Three to end the recent strike.

By Eric Walz • Nov. 13, 2023

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

GM halts production of the Cruise Origin robotaxi

The decision comes after California regulators ordered Cruise to cease operations after a pedestrian was struck by one of its self-driving vehicles in downtown San Francisco.

By Eric Walz • 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

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

Murky economy leads manufacturers to cut staff, expectations: PMI

The ISM and S&P Global purchasing managers’ indices both showed manufacturers are making adjustments in light of soft demand.

By Edwin Lopez • Nov. 2, 2023

LG Energy Solution plans to make Arizona a hub for cylindrical battery production

The company is pivoting its manufacturing strategy in a bid to match U.S. demand.

By Kate Magill • Nov. 1, 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

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