#auto-industry

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#volkswagen

VW's Warning To Ford And GM

Volkswagen faces multiple challenges including declining sales in China, rising car prices, and increased labor costs, leading to earnings downgrades.

Volkswagen's New American CEO Comes From Rivian

Volkswagen's new CEO, Kjell Gruner, faces significant challenges as the company struggles with market competition and internal upheavals.

Volkswagen and workers clash over layoffs as profits plummet DW 10/30/2024

Volkswagen faces significant challenges, prompting discussions on plant closures, layoffs, and union negotiations amid a major profit slump.

VW's Warning To Ford And GM

Volkswagen faces multiple challenges including declining sales in China, rising car prices, and increased labor costs, leading to earnings downgrades.

Volkswagen's New American CEO Comes From Rivian

Volkswagen's new CEO, Kjell Gruner, faces significant challenges as the company struggles with market competition and internal upheavals.

Volkswagen and workers clash over layoffs as profits plummet DW 10/30/2024

Volkswagen faces significant challenges, prompting discussions on plant closures, layoffs, and union negotiations amid a major profit slump.
morevolkswagen
#ford

Ford cuts 4,000 jobs in Europe amid weak demand for EVs and rising competition

Ford is cutting 4,000 jobs in Europe due to significant losses and rising competition, especially in the EV market.

You Messed Up If You Purchased One of These Ford Ranger Model Years

Farley’s choice of a Xiaomi vehicle signals competitive challenges for Ford, despite their push towards electric vehicles.

The Best-Selling Cars in America of All Time

Understanding the history and trends in the auto industry can lead to more informed investment decisions.

Ford Mustang Mach-E Sales Fall

Ford's struggles in the EV market are evident as Mustang Mach-E sales decline despite overall good deliveries and strong marketing efforts.

Ford cuts 4,000 jobs in Europe amid weak demand for EVs and rising competition

Ford is cutting 4,000 jobs in Europe due to significant losses and rising competition, especially in the EV market.

You Messed Up If You Purchased One of These Ford Ranger Model Years

Farley’s choice of a Xiaomi vehicle signals competitive challenges for Ford, despite their push towards electric vehicles.

The Best-Selling Cars in America of All Time

Understanding the history and trends in the auto industry can lead to more informed investment decisions.

Ford Mustang Mach-E Sales Fall

Ford's struggles in the EV market are evident as Mustang Mach-E sales decline despite overall good deliveries and strong marketing efforts.
moreford
#trump-administration

Trump Won. What Will Happen to Electric Vehicles?

Trump's victory in Michigan changes the landscape for electric vehicles, creating uncertainty for their future under his administration.

Will Trump's tariff plans hurt foreign carmakers?

Trump's victory poses risks for foreign automakers, causing stock declines and uncertainty surrounding tariff proposals.

Trump Won. What Will Happen to Electric Vehicles?

Trump's victory in Michigan changes the landscape for electric vehicles, creating uncertainty for their future under his administration.

Will Trump's tariff plans hurt foreign carmakers?

Trump's victory poses risks for foreign automakers, causing stock declines and uncertainty surrounding tariff proposals.
moretrump-administration

Nissan Enters 'Emergency Recovery Mode'

Nissan is officially in trouble, entering emergency recovery mode with drastic measures including job cuts and reduced production to improve efficiency.
#electric-vehicles

G.M. Profits Hurt by Unsold Electric Vehicles and Strike

General Motors' Q4 2023 profit was affected by losses from unsold electric vehicles and a 40-day strike at its U.S. plants.
The company expects uncertain demand for electric vehicles and the overall health of the auto industry in the coming year.

The 'EV Slowdown' Comes For Gas Cars

The entire auto industry, including gas cars, is facing a slowdown due to economic factors like high costs and ongoing supply chain disruptions.

Michigan's auto industry is poised for an EV revival. Would a Trump presidency slam the brakes?

Students in Michigan are training as controls technicians for the emerging electric vehicle industry, embodying the future workforce needed to maintain automotive dominance.

A $1 Billion Fund Aims To Revitalize America's EV Suppliers

Monroe Capital is launching a $1 billion fund to aid small auto suppliers in transitioning to electric vehicles.

What does Trump's election mean for EVs, Tesla, and Elon Musk?

Trump's actions post-election could drastically alter the landscape for electric vehicles in the US.

In Michigan, Harris hits back against Trump over his electric car attack lines

Harris defends her stance against false claims of banning gas-powered cars, emphasizing support for the auto industry and union jobs.

G.M. Profits Hurt by Unsold Electric Vehicles and Strike

General Motors' Q4 2023 profit was affected by losses from unsold electric vehicles and a 40-day strike at its U.S. plants.
The company expects uncertain demand for electric vehicles and the overall health of the auto industry in the coming year.

The 'EV Slowdown' Comes For Gas Cars

The entire auto industry, including gas cars, is facing a slowdown due to economic factors like high costs and ongoing supply chain disruptions.

Michigan's auto industry is poised for an EV revival. Would a Trump presidency slam the brakes?

Students in Michigan are training as controls technicians for the emerging electric vehicle industry, embodying the future workforce needed to maintain automotive dominance.

A $1 Billion Fund Aims To Revitalize America's EV Suppliers

Monroe Capital is launching a $1 billion fund to aid small auto suppliers in transitioning to electric vehicles.

What does Trump's election mean for EVs, Tesla, and Elon Musk?

Trump's actions post-election could drastically alter the landscape for electric vehicles in the US.

In Michigan, Harris hits back against Trump over his electric car attack lines

Harris defends her stance against false claims of banning gas-powered cars, emphasizing support for the auto industry and union jobs.
moreelectric-vehicles
#vehicle-sales

Lower-priced new cars are gaining popularity in the U.S. and not just for cash-poor buyers | CBC News

The U.S. auto industry is experiencing an 'affordability shift' as consumers opt for lower-priced vehicles due to rising costs.

This Is the Best-Selling Truck in Your State

Pickups have shifted from work vehicles to family-oriented daily drivers, leading to a surge in market popularity.

Lower-priced new cars are gaining popularity in the U.S. and not just for cash-poor buyers | CBC News

The U.S. auto industry is experiencing an 'affordability shift' as consumers opt for lower-priced vehicles due to rising costs.

This Is the Best-Selling Truck in Your State

Pickups have shifted from work vehicles to family-oriented daily drivers, leading to a surge in market popularity.
morevehicle-sales
#donald-trump

Donald Trump Just Insulted Every Autoworker in Michigan

Trump disrespects autoworkers by trivializing their work, suggesting it's so simple a child could do it.

In Michigan, Walz Assails Trump's Record on Manufacturing

Governor Tim Walz critiques Trump's economic legacy, asserting that his policies have hurt blue-collar workers and contributed to significant job loss in Michigan.

Trump Makes Big Promises, With Little Detail, for Michigan's Auto Industry

Trump continues to focus on revitalizing the auto industry in Michigan despite recent events.

Trump Hates EVs, But Welcomes China To Build Cars In The U.S.

Trump shows unexpected openness to Chinese automakers building factories in the U.S.

Donald Trump Just Insulted Every Autoworker in Michigan

Trump disrespects autoworkers by trivializing their work, suggesting it's so simple a child could do it.

In Michigan, Walz Assails Trump's Record on Manufacturing

Governor Tim Walz critiques Trump's economic legacy, asserting that his policies have hurt blue-collar workers and contributed to significant job loss in Michigan.

Trump Makes Big Promises, With Little Detail, for Michigan's Auto Industry

Trump continues to focus on revitalizing the auto industry in Michigan despite recent events.

Trump Hates EVs, But Welcomes China To Build Cars In The U.S.

Trump shows unexpected openness to Chinese automakers building factories in the U.S.
moredonald-trump
#electric-vehicle

Volkswagen ID. Buzz: We're Finally Driving It. What Do You Want To Know?

The Volkswagen ID. Buzz is finally available in the U.S. market after significant delays, emphasizing the challenges in the electric vehicle sector.

Electric vehicle production continues to increase SMMT

The shift to electric car production has continued, figures show.The Society of Motor Manufacturers and Traders (SMMT) reported that combined battery electric, plug-in hybrid and hybrid electric vehicle production increased by almost 50% last month compared with a year ago.The total of 28,329 represented more than four in every 10 cars made in January, a near-record monthly share.

Volkswagen ID. Buzz: We're Finally Driving It. What Do You Want To Know?

The Volkswagen ID. Buzz is finally available in the U.S. market after significant delays, emphasizing the challenges in the electric vehicle sector.

Electric vehicle production continues to increase SMMT

The shift to electric car production has continued, figures show.The Society of Motor Manufacturers and Traders (SMMT) reported that combined battery electric, plug-in hybrid and hybrid electric vehicle production increased by almost 50% last month compared with a year ago.The total of 28,329 represented more than four in every 10 cars made in January, a near-record monthly share.
moreelectric-vehicle

In rambling, hours-long speech, Trump introduces new car loan tax proposal

Trump proposed a tax deduction for car loan interest to stimulate auto industry and car sales.

Porsche recalls more than 27,000 Taycan EVs

Porsche Taycan recall issued due to battery short circuit risk affecting over 27,000 vehicles.

European Automakers May Feel The Heat Amid Dockworkers Strike

The dockworkers strike poses a significant risk to the auto industry due to its reliance on global supply chains for parts and vehicle deliveries.
#innovation

'Very Scared': Sony-Honda Chief Warns Japan Of China's EV Dominance

Innovation and understanding customer preferences are vital in the auto industry.
Effective leadership involves breaking the rules when necessary and anticipating market trends.

Anti-China EV Policies Won't Protect America Forever

Protectionist measures in the U.S. auto industry against Chinese EVs are temporary and not a sustainable solution for competition.
The U.S. auto industry needs to adapt and innovate beyond current tariffs and bans on foreign competitors.

Carmax CEO Bill Nash Talks About Selling Teslas and Industry Disruption

CarMax's insights reflect consumer behavior during economic shifts, emphasizing leaders' need to innovate for relevance.

'Very Scared': Sony-Honda Chief Warns Japan Of China's EV Dominance

Innovation and understanding customer preferences are vital in the auto industry.
Effective leadership involves breaking the rules when necessary and anticipating market trends.

Anti-China EV Policies Won't Protect America Forever

Protectionist measures in the U.S. auto industry against Chinese EVs are temporary and not a sustainable solution for competition.
The U.S. auto industry needs to adapt and innovate beyond current tariffs and bans on foreign competitors.

Carmax CEO Bill Nash Talks About Selling Teslas and Industry Disruption

CarMax's insights reflect consumer behavior during economic shifts, emphasizing leaders' need to innovate for relevance.
moreinnovation
#tariffs

Donald Trump calls for 100% tariffs on cars made in Mexico as part of US manufacturing plan

Trump aims to prevent outsourcing by imposing tariffs, potentially reshaping the U.S. auto industry despite risks to consumer prices.

Trump praises Secret Service in first event since thwarted assassination plot

Trump's campaign event marked his return after an assassination attempt, showcasing his support base's enthusiasm for his message.

Biden's tariffs will make us pay more for cars we don't want - but are forced to buy

Biden is implementing stringent regulations and tariffs on the auto industry to promote electric vehicles.

Why Biden's Chinese EV Tariffs May Succeed Where Trump's Failed, For Now

Tariffs can have unintended consequences, impacting jobs and consumer choice.

Donald Trump calls for 100% tariffs on cars made in Mexico as part of US manufacturing plan

Trump aims to prevent outsourcing by imposing tariffs, potentially reshaping the U.S. auto industry despite risks to consumer prices.

Trump praises Secret Service in first event since thwarted assassination plot

Trump's campaign event marked his return after an assassination attempt, showcasing his support base's enthusiasm for his message.

Biden's tariffs will make us pay more for cars we don't want - but are forced to buy

Biden is implementing stringent regulations and tariffs on the auto industry to promote electric vehicles.

Why Biden's Chinese EV Tariffs May Succeed Where Trump's Failed, For Now

Tariffs can have unintended consequences, impacting jobs and consumer choice.
moretariffs
#stellantis

Auto giant starts looking for a new boss with over a year left on the current CEO's contract

Stellantis is looking for a new CEO amid declining financial performance and criticism from dealers and unions.

UAW vs. Stellantis: Union Files Unfair Labor Practice Charges

UAW filed unfair labor practices against Stellantis for not honoring commitments made in their 2023 agreement.

Auto giant starts looking for a new boss with over a year left on the current CEO's contract

Stellantis is looking for a new CEO amid declining financial performance and criticism from dealers and unions.

UAW vs. Stellantis: Union Files Unfair Labor Practice Charges

UAW filed unfair labor practices against Stellantis for not honoring commitments made in their 2023 agreement.
morestellantis
#consumer-preferences

Drivers Find New Car Tech 'Annoying,' Study Finds. Yes, Again

Consumers appreciate useful tech features like blind-spot monitoring but dislike unnecessary ones like passenger screens.
Automakers are still learning which technological features resonate with buyers and which don't.

3 Out of 4 Baby Boomers Hate This Auto Brand

Baby Boomers significantly influence the auto industry despite aging, impacting advertising and stock trends.

Drivers Find New Car Tech 'Annoying,' Study Finds. Yes, Again

Consumers appreciate useful tech features like blind-spot monitoring but dislike unnecessary ones like passenger screens.
Automakers are still learning which technological features resonate with buyers and which don't.

3 Out of 4 Baby Boomers Hate This Auto Brand

Baby Boomers significantly influence the auto industry despite aging, impacting advertising and stock trends.
moreconsumer-preferences
#suvs

There's a Clear Reason Cars Got So Dangerous. We're Not Ready to Face It.

SUVs are two to three times more likely than sedans to kill pedestrians in a collision.
The size of American automobiles has been continually expanding, with SUVs and trucks now comprising more than 80% of new car sales.

2024 Toyota RAV4 Woodland Edition Review : A True Adventure Upgrade or Just a Facelift - Yanko Design

The RAV4 Woodland Edition is a visually striking SUV that balances aesthetic appeal with functional upgrades for adventure seekers.

There's a Clear Reason Cars Got So Dangerous. We're Not Ready to Face It.

SUVs are two to three times more likely than sedans to kill pedestrians in a collision.
The size of American automobiles has been continually expanding, with SUVs and trucks now comprising more than 80% of new car sales.

2024 Toyota RAV4 Woodland Edition Review : A True Adventure Upgrade or Just a Facelift - Yanko Design

The RAV4 Woodland Edition is a visually striking SUV that balances aesthetic appeal with functional upgrades for adventure seekers.
moresuvs

These Are the Trucks to Buy If You Want a True American Pickup

Americans increasingly prefer buying American-made products to boost the economy, particularly focusing on the auto industry and pickup trucks.

AutoCanada investigating cybersecurity breach, as it announces loss from previous incident | CBC News

AutoCanada faces a cybersecurity breach impacting operations and reported significant financial losses due to a previous cyberattack and other economic challenges.

California sales of zero-emission vehicles hit 25.7% but are numbers increasing fast enough?

Gov. Newsom highlighted 25.7% of new cars in CA are ZEVs, emphasizing economic opportunities and commitment to climate action.

These Are The Features New Car Buyers Want Most

Customers are increasingly demanding advanced tech features in cars, with a focus on comfort and convenience.

Bidding war over a two-year-old minivan? Used car market goes 'bananas' over lack of supply

Used-car prices skyrocket due to chip shortage impacting new car production.

Could a Union Win in Chattanooga Lead to Greater Labor Gains in the South? - Non Profit News | Nonprofit Quarterly

The UAW victory in Chattanooga is historic, showing the possibility of organizing victories and potential for more growth in unions.

Biden admin unveils new sanctions on Iran for "unprecedented" attack on Israel

The Biden administration imposed new sanctions on Iran's drone, steel, and auto industries to punish Iran for attacks against Israel without military escalation.

Car Deals Are Easier to Find but Lenders Are Tightening Their Terms

Lenders tightening car loan terms amidst rising delinquencies
Access to auto loans for new and used cars becoming more difficult

Auto Industry Co-Op Ad Spending Rises As Inventories Grow

Co-op spending in the auto industry has continued to increase, even during the pandemic.
Co-op money from automakers accounts for a significant portion of ad budgets for dealerships.

Who benefits most from Canada's ambitious EV targets? Maybe China | CBC News

Flavio Volpe, head of the Automotive Parts Manufacturers' Association, believes that Canada's electric vehicle targets cannot be met and will have a negative impact on the domestic auto industry.
Volpe accuses the government of not caring whether EVs are domestically built or come from China, which he believes is damaging to Canadian industry and interests.
#people

John Underwood, who hit grand slams with Ted Williams books, dies at 88

John Underwood in 1981.(Tony Triolo/Getty Images)John Underwood, a star writer during the early days of Sports Illustrated who formed an unlikely bond with the irascible Red Sox slugger Ted Williams that led them to co-write two acclaimed books about baseball, including " The Science of Hitting," died April 12 at his home in Miami.

Very few consumers want subscriptions in their cars, survey shows

The last decade or so has seen the creeping techification of the auto industry.Executives will tell you the trend is being driven by consumers, starry-eyed at their smartphones and tablets, although the 2018 backup camera law is the main reason there's a display in every new car.But automakers have been trying to adopt more than just shiny gadgets and iterating software releases.

Elon Musk's time as Twitter's CEO may soon end after poll decides he should step down

Following Elon Musk's takeover of Twitter, the company has made drastic changes over the last several weeks.Nearly half of Twitter's workforce was laid off as the company completely restructured its revenue model.Musk's intentions included speeding up Twitter, unbanning people who may have been wrongly banned, and to severely reduce the number of spam bots on the site.

New Year, New Laws - San Francisco Bay Times

By Assemblymember Phil Ting-
It's hard to believe that 2022 is almost over.As we get ready to start a new year, I wanted to let you know about a few state laws that I championed taking effect on January 1.At the top of the list are two bills that aim to bring more fairness and equity in the way some of our traffic violations are handled.

Stellantis to idle Illinois assembly plant, lay off workers | CBC News

In this file photo taken on Jan. 19, 2021, the Stellantis sign is seen outside the Chrysler Technology Center, in Auburn Hills, Mich.About 1,350 people are employed at the Belvidere Assembly plant in Illinois, which produces the Jeep Cherokee.(Carlos Osorio/The Associated Press) An auto plant in northern Illinois is expected to close early next year with hundreds of workers being laid off due to the challenge of rising costs related to the electric vehicle market and other factors.

Analysis | The War on Russia's Economy Is Working

Nine months into Russian President Vladimir Putin's war in Ukraine, the damage done to the world's 11th-largest economy is extensive.Leading Russian banks have been cut out of the global financial system, some $300 billion of central bank reserves are frozen, and hundreds of foreign companies have departed.

John Underwood, who hit grand slams with Ted Williams books, dies at 88

John Underwood in 1981.(Tony Triolo/Getty Images)John Underwood, a star writer during the early days of Sports Illustrated who formed an unlikely bond with the irascible Red Sox slugger Ted Williams that led them to co-write two acclaimed books about baseball, including " The Science of Hitting," died April 12 at his home in Miami.

Very few consumers want subscriptions in their cars, survey shows

The last decade or so has seen the creeping techification of the auto industry.Executives will tell you the trend is being driven by consumers, starry-eyed at their smartphones and tablets, although the 2018 backup camera law is the main reason there's a display in every new car.But automakers have been trying to adopt more than just shiny gadgets and iterating software releases.

Elon Musk's time as Twitter's CEO may soon end after poll decides he should step down

Following Elon Musk's takeover of Twitter, the company has made drastic changes over the last several weeks.Nearly half of Twitter's workforce was laid off as the company completely restructured its revenue model.Musk's intentions included speeding up Twitter, unbanning people who may have been wrongly banned, and to severely reduce the number of spam bots on the site.

New Year, New Laws - San Francisco Bay Times

By Assemblymember Phil Ting-
It's hard to believe that 2022 is almost over.As we get ready to start a new year, I wanted to let you know about a few state laws that I championed taking effect on January 1.At the top of the list are two bills that aim to bring more fairness and equity in the way some of our traffic violations are handled.

Stellantis to idle Illinois assembly plant, lay off workers | CBC News

In this file photo taken on Jan. 19, 2021, the Stellantis sign is seen outside the Chrysler Technology Center, in Auburn Hills, Mich.About 1,350 people are employed at the Belvidere Assembly plant in Illinois, which produces the Jeep Cherokee.(Carlos Osorio/The Associated Press) An auto plant in northern Illinois is expected to close early next year with hundreds of workers being laid off due to the challenge of rising costs related to the electric vehicle market and other factors.

Analysis | The War on Russia's Economy Is Working

Nine months into Russian President Vladimir Putin's war in Ukraine, the damage done to the world's 11th-largest economy is extensive.Leading Russian banks have been cut out of the global financial system, some $300 billion of central bank reserves are frozen, and hundreds of foreign companies have departed.
morepeople

Germany, EU reach agreement in combustion engine row

Germany and the European Union announced Saturday that they have reached an agreement in their dispute over the future of cars with combustion engines, allowing the registration of new vehicles with such engines even after 2035 provided they use climate-neutral fuel only.EU Commission Vice-President Frans Timmermans tweeted that we have found an agreement with Germany on the future use of e-fuels in cars.
#years

US Corporations Are Bringing Back Child Labor, With Help From GOP Lawmakers

Rather than offering wages attractive to adults, employers want lawmakers to push teens into dangerous jobs.A young girl wearing a face mask walks on the National Mall near the U.S. Capitol in Washington, DC on March 8, 2021.ANDREW CABALLERO-REYNOLDS / AFP via Getty Images Brad Greve has been a Scout leader for more than 20 years.

Investigation launched into complaints of Tesla steering wheels coming off mid-drive

US auto safety regulators have opened an investigation into Tesla's Model Y SUV after getting two complaints that the steering wheels can come off while being driven.The National Highway Traffic Safety Administration (NHTSA) says the investigation covers an estimated 120,000 vehicles from the 2023 model year.

US Corporations Are Bringing Back Child Labor, With Help From GOP Lawmakers

Rather than offering wages attractive to adults, employers want lawmakers to push teens into dangerous jobs.A young girl wearing a face mask walks on the National Mall near the U.S. Capitol in Washington, DC on March 8, 2021.ANDREW CABALLERO-REYNOLDS / AFP via Getty Images Brad Greve has been a Scout leader for more than 20 years.

Investigation launched into complaints of Tesla steering wheels coming off mid-drive

US auto safety regulators have opened an investigation into Tesla's Model Y SUV after getting two complaints that the steering wheels can come off while being driven.The National Highway Traffic Safety Administration (NHTSA) says the investigation covers an estimated 120,000 vehicles from the 2023 model year.
moreyears

North American Companies Notch Another Record Year for Robot Orders

The Association for Advanced Automation (A3) reports that slightly more than 44,100 robots were ordered by North American companies, mainly in the U.S., last year, up 11% from 2021.Those orders totaled $2.38 billion, up 18%.The record demand can be attributed in part to the tightest labor market in decades.

Auto sales are falling but profits are surging. Welcome to the new normal

A version of this story first appeared in CNN Business' Before the Bell newsletter.Not a subscriber?You can sign up right here.You can listen to an audio version of the newsletter by clicking the same link.The US auto industry just posted its worst sales in more than a decade but that's not necessarily a bad sign for the sector.

Auto Industry Races into Metaverse at CES

The 2023 Consumer Electronics Show (CES 2023) showcased metaverse technologies designed to enhance the auto industry.French auto-parts manufacturer Valeo unveiled an in-car TV system that allows headset-wearing occupants to change channels via sensor-detected hand gestures.Valeo's Ghaya Khemir said external sensors also can integrate pedestrians or landscapes into virtual reality (VR) images, or display relaxing images to relieve stress.
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