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Autoline Daily 2023: Top Industry News for Aug. 2

New Toyota Land Cruiser Looks Impressive; Subaru Boosts BEV Targets; Ferrari Boosts Profit Despite Sales Drop

Aug. 2, 2023

Ford restarts production of F-150 Lightning EV pickup truck

The automaker is tripling its manufacturing capacity as it faces increased competition from GM and Tesla.

By Kate Magill • Aug. 2, 2023

Paccar projects boost in production for 2023

Despite lingering supply chain issues, the OEM aims to build at least 290,000 Class 8 trucks for the U.S. and Canada.

By David Taube • Aug. 2, 2023

Autoline Daily: Top Industry News for Aug. 1

Big Oil Gets Into EV Batteries; Mach-E a Sales Flop in China; Toyota Reports Break-Out Earnings

Aug. 1, 2023

Former Carvana exec joins Rivian as chief policy officer

Alan Hoffman is filling a similar role vacated by Jim Chen, who left in February along with other high-profile exits.

By Michael Brady • Aug. 1, 2023

Teamsters-UPS Pact Gives UAW Hope in Detroit Three Talks

News of the settlement covering more than 340,000 employees at UPS, while not directly applicable, does offer UAW bargainers a lift at a critical juncture in their own contract negotiations, Cornell University labor expert Art Wheaton observes.

By Joseph Szczesny • Aug. 1, 2023

Mercedes-Benz invests over $2.2B in AI reskilling

The carmaker is offering data and digitalization training to over 600 employees as auto manufacturing modernizes.

By Michael Brady • Aug. 1, 2023

Ex-Tesla employees report layoffs on LinkedIn

An employee posted on the professional networking site that the cuts were part of an “org restructuring.”

By Eric Walz • Aug. 1, 2023

Autoline Daily: Top News For July 31

Lamborgini Catches up to Ferrari and and we spy GM's new Brightdrop commercial van and check it out.

July 31, 2023

GM blames automation supplier for EV production delays

CEO Mary Barra said the third-party issue surprised the automaker, but it's "not walking away" from its 400,000 EV production target.

By Megan Ruggles • July 31, 2023

Selling to China: for Automotive Industry Professionals

In this GlobalAutoIndustry.com Audio Interview "Selling to China: for Automotive Industry Professionals" Ron Hesse speaks with Bill Russo, Shanghai-based Founder and CEO of Automobility Limited.

July 31, 2023

EV startup VinFast plans US public listing in August

The Vietnam-based automaker aims to expand its U.S. business and invest up to $4 billion to assemble electric vehicles and battery packs at its North Carolina factory.

By Eric Walz • July 31, 2023

Autoline Daily: Top News For July 28

Ford wrong about EV adoption, and AM radio mandated for all cars.

July 28, 2023

Ford expects to lose $4.5B on EVs in 2023

The automaker will focus on fewer, higher volume models in popular segments, such as pickups and full-size SUVs, for its next generation of electric vehicles.

By Eric Walz • July 28, 2023

Autoline Daily: Top Industry News for July 27 update from July 2023

A consortium of automakers is opening fast-charging EV stations, Tesla upgrades super-charger.

July 27, 2023

Nissan, Renault overhaul their alliance

The two companies will keep a 15% stake in each other, with Renault Group transferring 28.4% of its Nissan shares to a French trust.

By Michael Brady • July 27, 2023

‘Parallel Imports’ Keep Russian Automotive Market Afloat

Sometimes referred to as the gray market, parallel imports are vehicles supplied to Russia by countries with which it has maintained economic ties throughout the war with Ukraine, such as China and Turkey.

By Eugene Gerden • July 27, 2023

Fed raises interest rates following June pause

The Federal Open Market Committee raised the main interest rate by a quarter percentage point after a two-day meeting. The move comes as the Fed faces increasing difficulties in its bid to fully quell inflation.

By Grace Noto • July 27, 2023

Autoline Daily: Top Industry News for July 26

VW sales plummet in China; GM's hand-made batteries.

July 26, 2023

VinFast to break ground on first $2B phase of US plant

The facility will be the Vietnam-based startup’s first North American location and the first automotive manufacturing plant in North Carolina.

By Sara Samora • July 26, 2023

GM to bring back Chevrolet Bolt despite earlier plan to discontinue the EV

The automaker also said during its earning call that rising costs, including from its battery joint venture with LG, cut into its margins.

By Eric Walz • July 26, 2023

A more aggressive UAW bargains with the Big Three

The union is demanding an end to tiered wage structures, the reinstatement of cost-of-living allowances and stronger job security amid the shadow of the transition to electric vehicles.

By Kalena Thomhave • July 26, 2023

Autoline Daily 2023: Top Industry News for July 25

GM Still Struggling to Make Ultium EVs; Competition Impacting CATL; Folding Steering Wheel Coming Soon

July 25, 2023

Stellantis, Samsung SDI plan second US gigafactory

The automaker is shoring up battery manufacturing capacity to meet its EV production targets. 

By Megan Ruggles • July 25, 2023

Foxconn to take 50% stake in ZF Group’s passenger vehicle chassis unit

The move is part of Foxconn’s diversification strategy, which includes expanding its automotive business and taking a 5% share of the global EV market by 2025.

By Eric Walz • July 25, 2023