The National Highway Traffic Safety Administration changed an existing rule to expand and enhance seatbelt warning requirements. Go to Source
Author: New York Times Online News
Automakers Thrived in the Pandemic. Many Are Now Struggling.
Changing technology, political turmoil and competition from China are cutting into profits and forcing carmakers to cut jobs and close factories. Go to Source
GM to Shut Down Its Cruise Robotaxi Project
The company said it would now focus its efforts on developing fully autonomous vehicles for personal use. Go to Source
Chinese Carmakers Are Taking Mexico by Storm While Eyeing U.S.
BYD and other manufacturers are importing cars from China and scouting factory sites in Mexico as part of a global expansion that, for now, excludes the United States. Go to Source
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off. Go to Source
Volkswagen Workers Go on Strike Across Germany
Volkswagen workers across Germany escalated their labor dispute with management by walking off their jobs for several hours on Monday, and their union threatened longer strikes if their demands were not met. The automaker is in the middle of labor negotiations with IG Metall, the union representing most of its workers, as the company tries… Continue reading Volkswagen Workers Go on Strike Across Germany
G.M. Will Sell Stake in EV Battery Plant to LG
General Motors said on Monday that it was selling its stake in a nearly complete battery factory in Michigan to its partner LG Energy Solution, reducing to three the number of battery plants the carmaker will operate in the United States. G.M. and LG, a South Korean company, already produce batteries jointly at factories in… Continue reading G.M. Will Sell Stake in EV Battery Plant to LG
Carlos Tavares, Stellantis CEO, Resigns
The chief executive of the automaker Stellantis, Carlos Tavares, has resigned, the company said on Sunday, amid a decline in profits and slumping sales in its key North America region. Mr. Tavares, 66, spearheaded the creation of the company in a 2021 merger of Fiat Chrysler Automobiles and France’s Peugeot. The company is one of… Continue reading Carlos Tavares, Stellantis CEO, Resigns
How China Became the World’s Largest Car Exporter
Source: Alix Partners Note: 2024 values are estimated. Just two decades ago, China had little capacity to make cars, and owning one was considered novel. Today, China produces and exports more cars than any other country in the world. President-elect Donald J. Trump has promised to impose new tariffs on China. Many countries, including the… Continue reading How China Became the World’s Largest Car Exporter
Volkswagen to Exit China’s Xinjiang Region After 12 Years
Volkswagen said on Wednesday that it was disposing of its ownership stakes in facilities in northwestern China’s Xinjiang region, exiting an area now known for the country’s crackdown on predominantly Muslim ethnic groups there. Volkswagen had a joint venture assembly plant in Urumqi, the capital of Xinjiang, as well as two test tracks in the… Continue reading Volkswagen to Exit China’s Xinjiang Region After 12 Years