Mounting auto industry layoffs underscore rocky EV transition, UAW contracts
The Detroit 3 and their suppliers have implemented thousands of layoffs over the past few months in the wake of entering costly UAW contracts and confronting the reality of underwhelming EV sales.....»»
Not just a surf wagon: Volkswagen has big plans for ID Buzz EV as its global robotaxi platform
Volkswagen's ID Buzz electric vehicle represents the company's global robotaxi platform. It's undergoing both hardware and software updates as the company works toward a 2026 launch of commercial service......»»
GM, Ford brace for investor scrutiny over Q3 pricing power, EV losses
GM is set to release its results for the July to September period on Oct. 22, while crosstown rival Ford will report on Oct. 28......»»
Used EVs could be answer for consumers seeking affordability
The depressed values of used electric vehicles present an attractive solution to cost-conscious consumers seeking transportation, business leaders said at the 2024 Auto Finance Summit......»»
SpaceX prevails over ULA, wins military launch contracts worth $733 million
SpaceX and ULA were eligible to compete for eight launches, and SpaceX won them all. The US Space Force's Space Systems Command announced Friday it has ordered eight launches from.....»»
Nemak"s Q3"s net income takes a tumble
The automotive supplier faces challenges with labor costs and product pricing, along with restructuring efforts amid the transition to electric vehicles from internal combustion engines......»»
The 2025 GMC Sierra EV Denali is $10K cheaper than the 2024 model
The 2025 GMC Sierra EV Denali has been announced, and it's thankfully a whole lot cheaper than the 2024 model -- without sacrificing things like range......»»
Column: Good or bad, artificial intelligence is permeating the auto industry
Whether AI is really ready to revolutionize every element of the auto industry remains to be seen. But it does seem likely to do so eventually......»»
CATL reports big miss in quarterly income as EV demand cools
Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite. While net income for the third quarter ended Sept. 30 rose 26 percent to 13.1 b.....»»
Ally Q3 earnings: net income up 20% despite weak auto finance quarter
Ally Financial's net income rose by more than 20 percent during the third quarter, supported in part by the tax credits it captured from a new emphasis on writing car leases. But Ally's Q3 2024 earnings were hindered by a more than 50 percent decline.....»»
How extreme weather and costs of housing and insurance trap some households in a vicious cycle
Climate change is increasing the risk of extreme weather events for Australian households. Floods and bushfires are becoming more likely and severe. As a result, household insurance costs are soaring—tripling in some cases. High-risk areas might ev.....»»
Ford paying dealers to take F-150 Lightnings from new EV distribution centers
Dealers can make $22,500 by ordering 15 F-150 Lightnings from regional EV distribution centers designed to reduce carrying costs and give customers quicker access to more inventory......»»
Hyundai internship hopes to accelerate automotive media diversity
HBCU students at Florida A&M gain hands-on experience and networking opportunities to break into the automotive industry......»»
EV-maker Lucid expects to raise $1.67 billion from stock sale
EV-maker Lucid expects to raise $1.67 billion from a combined public offering and private placement of roughly 637 million shares......»»
1 Thing We"re Talking About: Collision repair group gets grant to help boost technician ranks
I-CAR, which provides automotive collision repair industry education and credentialing among other services, is now a national Registered Apprenticeship hub and received a grant from the U.S. Dept. of Labor to bolster the ranks of collision technicia.....»»
Fresh GM models, Tesla Cybertruck help boost U.S. EV registrations 18%, latest data shows
Tesla remained the top EV maker, but its market share fell to 46 percent in August from 51 percent a year earlier as legacy brands such as Chevrolet, Honda and Kia chipped away at its commanding lead......»»
Insulator-to-metal transition achieved in iridate/manganate heterostructures
A research team has successfully achieved an atomically controlled insulator-to-metal transition in iridate/manganate heterostructures. Their findings were recently published in Nature Communications......»»
Aquaculture could harm animal welfare or protect it, depending on what species the farms raise
The global aquaculture industry has tripled in size since the year 2000, with producers raising a mind-boggling diversity of species, from seaweeds and clams to carp, salmon and cuttlefish. Many of these creatures are undomesticated and lead complex.....»»
Israel-Iran and the nine stages of how conflicts can escalate and get out of control
Tensions are running high in the Middle East. The murderous attack by Hamas on Israel on October 7 2023 kicked off a spiral of violence in the region. That has culminated, a year later, in Israel mounting a ground invasion of Lebanon. The invasion, w.....»»
Daily 5 report for Oct. 16: Detroit 3 suppliers face major conundrum on China business
Many suppliers who bought into rosy EV production forecasts from their Detroit 3 customers now face the reality of unmet expectations......»»
Why plug-in hybrids are failing to win over EV-hesitant consumers
Automakers' hopes of easing the EV transition with plug-in hybrids may be falling short, according to a J.D. Power report......»»