Toyota is remaking its EV factories in 6 radical steps
Toyota is radically rebooting its famed manufacturing system for its next generation of Tesla-fighting electric vehicles, due in 2026. Automotive News synthesizes days of company briefings and demonstrations to deliver a step-by-step picture of the p.....»»
Volvo CEO goes big to promote small crossover
The end product is only six minutes long, but it took Volvo CEO Jim Rowan six 12-hour days to shoot the film......»»
Lithia"s CEO confident in its deal for Pendragon
AutoNation Inc. last week said it followed rivals Lithia Motors and Penske Automotive Group Inc. into the bidding war for Pendragon......»»
As others go, Upgrade enters lending market
Upgrade's new auto lending product sources capital from 220 partners ranging from small community banks to asset managers, CEO Renaud Laplanche said......»»
As the strike expands, UAW and Detroit 3 insults intensify
Ford's CEO accused the union of holding the Detroit 3 hostage over unaffordable demands, as the UAW ordered 7,000 more workers onto picket lines......»»
Hella promotes Bernard Schäferbarthold to CEO, replacing Michel Favre
Schäferbarthold had been CFO at the German lighting supplier since 2016. Favre is a former executive at Faurecia, which purchased Hella in 2022 and now operates as Forvia......»»
UAW drops unfair labor practice charges against GM, Stellantis
The union had filed the charges on Aug. 31 with the National Labor Relations Board charging the automakers had refused to bargain in good faith......»»
GM CEO Mary Barra criticizes UAW strike expansion
GM CEO Mary Barra criticized the UAW's strike expansion, saying it is clear there is no real intent to get to an agreement......»»
Ford says UAW holding talks hostage
About 7,000 workers at a GM plant in Lansing, Mich., and Ford's Chicago Assembly Plant are joining the strike Friday. They build the Chevrolet Traverse, Buick Enclave, Ford Explorer and Lincoln Aviator......»»
Automaker group warns NHTSA"s fuel economy proposal could threaten EV transition
The Alliance for Automotive Innovation argues NHTSA's fuel economy standards, if finalized as proposed, could threaten the auto industry's transition to electric vehicles......»»
Fisker gears up for 300 Ocean EV deliveries a day
After making 5,000 crossovers, Fisker is adding staff and locations in the U.S. and Europe. Bank of America sees the Ocean as a strong product but worries about Tesla's aggressive EV pricing......»»
Unifor sets Oct. 9 deadline for contract talks with General Motors
Negotiations between the union and the U.S. automaker resumed after workers at Ford Motor Co. of Canada voted to approve a new contract......»»
UAW poised to expand Detroit 3 strike
UAW President Shawn Fain, in a video address Friday, said the union will walk out at Ford's assembly plant in Chicago that builds the Ford Explorer and Lincoln Aviator, and a GM factory near Lansing, Mich., where the Chevrolet Traverse and Buick Encl.....»»
Hail damages $27 million in inventory at Penske Automotive stores in Texas
The Penske Automotive Group stores hit this week with severe hail — Round Rock Hyundai/Genesis of Round Rock, Round Rock Honda and Round Rock Toyota — are all on the same campus on North Interstate 35, north of Austin......»»
Toyota, Mitsubishi, Infiniti, Ford car dealerships sell
Two of the transactions involved first-time dealership owners and another saw a company add two stores......»»
New TrueCar CFO is Oliver Foley
TrueCar has hired Oliver Foley as its CFO continuing its leadership shuffle. He starts Oct. 30......»»
Boon or burden? Automakers" use of right of first refusal in dealership buy-sells aids some, hinders others
The right of first refusal in dealership buy-sells has helped minority dealers acquire stores, some their first, and is a tool many automakers say can help them manage their franchises. But others say an increased use of the tool can hurt factory-dea.....»»
Economists weigh in on UAW strike Q4 impact
The U.S. has avoided a recession thus far in 2023, thanks to consumer resiliency and a strong job market. However, industry economists are watching to see whether the UAW strike and other events will detract from growth — and how wholesale used-car.....»»
Tesla sued by U.S. civil rights agency for race discrimination at Calif. plant
Equal Employment Opportunity Commission said in a lawsuit Tesla subjected Black workers “to severe or pervasive racial harassment” and alleged Tesla unfairly retaliated against workers who complained......»»
Auto industry faced with more uncertainty if government shuts down
Congress needs to pass a spending bill before Sunday to avoid a shutdown. However, lawmakers remain at odds over the funding, with some House Republicans pushing for deep spending cuts that are unlikely to survive in the Democratic-controlled Senate......»»