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Autoline Daily 2023: Top Industry News for Nov. 29
GM To Bring Back Hybrids; Used EV Prices Plummet; Hyundai’s Impressively Clever Hub Wheel Motor
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➔
Courtesy of Toyota
TrendlineAutomotive Manufacturing
Production strategies are changing rapidly as tariffs and shifts in consumer buying patterns affect the industry.
By WardsAuto staff -
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 -
Autoline Daily 2023: Top Industry News for Nov. 28
Big Jump in EV Efficiency; Ford Dealers Fight EV Mandate; Toyota Unleashes New Tacoma
Nov. 28, 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 -
Retrieved from Stellantis on October 18, 2023
UAW strikes: What’s next for auto supply chains after labor deals?
As automakers ramp up production efforts, labor challenges and geopolitical risks may continue to plague operations, according to industry experts.
By Kelly Stroh • Nov. 28, 2023 -
UAW Wage Gains Filter Over to Non-Union Workers
UAW President Shawn Fain says the key to recruiting non-union auto workers is to win good contracts for its own members, which he believes the union has done with its new contracts with General Motors, Ford and Stellantis.
By Joseph Szczesny • Nov. 28, 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 -
Autoline Daily: Top Industry News for Nov. 27 update from November 2023
EVs To Play Big Role In 2024 Elections; Thursday Is Red Letter Day for Tesla; VW Outsources Scout to Magna
Nov. 27, 2023 -
Northvolt develops an advanced sodium-ion battery
The battery, which does not contain rare earth materials, was validated to have an energy density of over 160 watt-hours per kilogram.
By Eric Walz • Nov. 27, 2023 -
BMW supplier plans $500M South Carolina facility expansion
ZF Group's investment will upgrade the transmission plant's equipment to keep pace with automakers' EV plans.
By Sara Samora • Nov. 27, 2023 -
Current Status of U.S. - China Trade Issues: Focus on Section 301 Tariffs
In this GlobalAutoIndustry.com Audio Interview "Current Status of U.S. - China Trade Issues: Focus on Section 301 Tariffs" Ron Hesse speaks with Les Glick, Chair - Butzel Long International Trade & Customs Specialty Team, and Co-Chair of the American Bar Association, International Trade and Customs committee.
Nov. 27, 2023 -
Autoline Daily 2023: Top Industry News for Nov. 22
Tesla Launches Supercharger Congestion Fee; Toyota Solid State Battery Will Be Low Volume; Pony.ai Tests Platooning on Public Roads
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 -
Autoline Daily 2023: Top Industry News for Nov. 21
EV Market Share Overtakes Diesel in Europe; PHEV Sales Take Off in China; Robot Dogs Help Hyundai Build Cars
Nov. 21, 2023 -
Courtesy of Ford.
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 -
Autoline Daily 2023: Top Industry News for Nov. 20
GM’s Barra Faces Big Problems; NTSB Wants Speed Limiters in Cars; Heat Pumps Help EVs In Cold Weather
Nov. 20, 2023 -
SDVs’ Greater Connectivity Equals Greater Cybersecurity Risk?
There are ways and means to keep the relationship between connectivity and security safe.
By Siegfried Mortkowitz • Nov. 20, 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