Auto suppliers are asking for contract relief
Parts shortages and heightened commodity prices are putting the squeeze on Tier 2 and Tier 3 suppliers, often forcing them to go to their Tier 1 customers to renegotiate pricing or ask for a cash infusion — or else risk going out of business entire.....»»
Unifor ratifies 2-year deal with 15% pay raise at GM"s CAMI plant
Hourly workers represented by Unifor at GM Canada’s CAMI Assembly Plant have ratified a two-year labor pact that puts all union members at the automaker’s plants in Canada on the same contract starting in 2026. .....»»
White House picks Monroe Capital to develop $1 billion fund for auto suppliers
The fund will help smaller firms along the supply chain gain access to capital in what is an underserved market in finance, despite being a trillion-dollar industry, CEO Theodore Koenig said......»»
Daily 5 report for Sept. 20: UAW talks with VW over first contract could be long and contentious
Experts say reaching a deal could be tricky for Volkswagen and the UAW because the two sides are starting fresh......»»
Restaurant owner who hid over $2M in cash in his bedroom convicted of tax, COVID-relief fraud
Restaurant owner who hid over $2M in cash in his bedroom convicted of tax, COVID-relief fraud.....»»
How much auto demand will the Fed"s half-point rate cut produce?
The Federal Reserve cut its benchmark rate target 0.5 percentage points on Sept. 18, which could reduce the market interest rates that Cox Automotive polling indicates are dealerships' No. 1 challenge......»»
Auto supplier plans to invest $78.8M at former Stellantis plant in Detroit
Laepple Automotive plans to invest $78.8 million into the former Stellantis Mount Elliott Tool and Die site on Detroit' east side......»»
Cleaning the ocean has a price — and layers of complications
Pulling plastic from the ocean and recycling that into auto parts is the plan. The challenges are immense, but worth it......»»
UAW talks with VW over first contract could be long, contentious
Negotiations over a first contract with Volkswagen will be different from the usual talks with the Detroit 3, but the union will be seeking to match many of its wins from last fall......»»
M4 MacBook Air could launch sooner than expected
After display analyst Ross Young published a post on X saying Apple suppliers would start shipping the panels for the new M4 MacBook Air and … The post M4 MacBook Air could launch sooner than expected appeared first on BGR. After dis.....»»
Anti-cheat update leaves GTA Online’s Steam Deck players out in the cold
Valve says Rockstar could fix the issue quickly, if it wants to. Enlarge / Artist's conception of what used to be possible, before BattlEye ruined things. Last week, Rockstar added BattlEye support to Grand Theft Auto V.....»»
Editorial: Elon Musk plays politics at Tesla"s risk
Most auto executives maintain strict boundaries in public settings, and the box is there for a good reason......»»
Older homeowners with spare bedrooms may offer housing crisis fix
With housing affordability in Australia at its worst level on record and potential relief from new housing supplies years away, a QUT economist is proposing older homeowners be given incentives to rent out spare bedrooms......»»
Half-point Fed rate cut could spur consumer demand at auto dealerships
Car dealerships might see higher demand from consumers following the Federal Reserve's decision Sept. 18 to cut its benchmark rate target 0.5 points, according to Edmunds......»»
Robert Pattinson gets the crappiest immortality in trailer for Mickey 17
"Let's blow up these second-hand baloney boys." Robert Pattinson's character didn't read his contract's fine print in Mickey 17, director Bong Joon-ho's latest film. It's been five long years since director Bong Joon-ho's film Paras.....»»
Researchers Seek New Solutions to Ease Sickle Cell’s Extreme Pain
Sickle cell disease causes severe pain that’s hard to treat, but researchers are finding new ways to offer relief.....»»
Volkswagen dropping in-house U.S. auto loans, giving business to Wells Fargo
Volkswagen will cease to write U.S. Audi and VW auto loans through its in-house captive finance company and instead refer that business to Wells Fargo starting in April. It will also start to refer U.S. Ducati motorcycle loans to Wells Fargo at some.....»»
Intel almost designed the chip for the PlayStation 6
It looks like AMD will be designing the PlayStation 6, as Intel reportedly lost a contract to design the console two years ago......»»
Suppliers eye new contract terms, more collaboration to lessen EV risks
Executives at some of the world's biggest suppliers are rethinking how they manage risk as they deal with increased uncertainty on electrification......»»
Boeing risks losing billions as 33,000 workers vote to strike
Workers refused to waste leverage as Boeing deals with $45 billion debt. Enlarge / Union members cheer during a news conference following a vote count on the union contract at the IAM District 751 Main Union Hall in Seattle, Wash.....»»
Missouri auto salesman gets 1-year sentence after admitting to helping fraudster
A former car salesman at the Marty Cancila Chrysler Dodge Jeep Ram auto dealership in Florissant, Mo., was sentenced in August to a year and a day in prison after admitting to helping a fraudster buy and finance vehicles using other people's personal.....»»