Automakers: Page 67

GM Plans Stock Buyback, Reduced AV Investment

The 46-day UAW strike in September and October cost GM roughly $1.1 billion, but the settlement’s price tag only modestly exceeded the automaker’s original projections, GM Chair and CEO Mary Barra says.

By Joseph Szczesny • Nov. 29, 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

Explore the Trendline➔

Artificial Intelligence

Automakers and dealers alike are increasingly seeing the use case for AI within their operations. Explore some use cases in this trendline.

By WardsAuto staff

BYD Reigns Atop China’s Electric-Vehicle Market

Vertical integration is the automaker’s competitive advantage.

By Alysha Webb • 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

Toyota to sell $4.7B stake in Denso by year-end: Reuters

The sale would help free up funds for the automaker to further invest in electric vehicle development.

By Eric Walz • Nov. 29, 2023

Hyundai to pause construction of its South Korea factory to build EV plant

With Hyundai investing billions of dollars in electrification, the automaker is focused on starting construction of its new EV factory in Ulsan, South Korea.

By Eric Walz • Nov. 28, 2023

Nissan Promises Extra BEV Production in U.K.

Government subsidy persuades the Japanese automaker to up BEV production in Sunderland from one to three models.

By Paul Myles • Nov. 28, 2023

VW Stays Committed to BEVs

“The interest is there,” Volkswagen’s Reinhard Fischer says of battery-electric vehicles, despite slow sales growth of late.

By Steve Finlay • Nov. 27, 2023

Volkswagen Builds Inexpensive BEV Platform for China

Locally sourced materials to help cut costs on automaker's entry-level electric cars.

By Paul Myles • Nov. 27, 2023

Hyundai Opens Asian Robo-Taxi Production Plant

Ioniq 5 robot-taxis built on robot-intensive production process to roll out of Singapore facility next year.

By Paul Myles • Nov. 23, 2023

Ford Resumes Michigan Battery Plant Construction — But Scaled Down

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

By Sara Samora | Automotive Dive • Nov. 22, 2023

Skoda Adds Fueling to In-Car Payment App

Czech automaker extends its payment partnership with Parkopedia in six European countries.

By Paul Myles • Nov. 22, 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

Toyota to source recycled EV battery materials from Redwood Materials

The automaker will use recycled materials to produce batteries at its forthcoming North Carolina EV battery manufacturing plant.

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

Renault Master LCV Covers Traditional and Zero-Emission Powertrains

The fourth-generation French-built LCV is hoping to build on 43-year sales success.

By Paul Myles • Nov. 21, 2023

Stellantis Boosts Cheap Battery Access in Europe

Stellantis' agreement with CATL could lead to a full joint venture between the companies.

By Paul Myles • Nov. 21, 2023

UAW Presses On, Automakers Plan Cuts

Contract approvals follow record results achieved by “Stand-Up” strikes, but automakers warn cost cuts are on the horizon to pay the tab.

By Joseph Szczesny • 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

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’s Hot Hatch Highlights LA Auto Show Debuts

Hyundai adds performance to its BEV lineup with Ioniq 5 N, one of a handful of premieres at the 2023 Los Angeles auto show.

By David Kiley • Nov. 17, 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