United Auto Workers President Shawn Fain, middle, visits striking UAW Local 551 workers outside a Ford assembly center on South Burley Avenue on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty Images The United Auto Workers union is launching an unprecedented campaign to organize 13 non-union automakers in… Continue reading UAW launches union campaigns at Tesla, 12 other automakers in the U.S.
Author: CNBC Online news
GM says union labor deals will increase costs by $9.3 billion
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images General Motors expects new labor contracts with the United Auto Workers and Canadian union Unifor to increase its costs by $9.3 billion and add approximately $575 in costs per vehicle during… Continue reading GM says union labor deals will increase costs by $9.3 billion
GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes
watch now General Motors is working to regain Wall Street’s confidence heading into 2024 with several investor-focused initiatives Wednesday following a tumultuous year of labor strikes and setbacks in its plans for electric and autonomous vehicles. The Detroit automaker plans to increase its quarterly dividend next year by 33% to 12 cents per share; initiate… Continue reading GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes
Huawei is pushing its tech into the EV world with new cars, automaker partnerships
SHANGHAI, CHINA – NOVEMBER 12, 2023 – Customers experience Luxeed S7, the first intelligent pure electric vehicle, at Huawei’s flagship store in Shanghai, China, November 12, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — Chinese telecommunications and smartphone giant Huawei is doubling down on selling its tech in… Continue reading Huawei is pushing its tech into the EV world with new cars, automaker partnerships
How a specialty vehicle manufacturer is electrifying firetrucks
Large vehicles are considered some of the toughest to electrify. But Pierce, the largest maker of firetrucks in North America, is giving it a try. Pierce has already delivered its Volterra electric firetruck to numerous fire departments across the country and has more on the way. It is part of a larger electrification plan by… Continue reading How a specialty vehicle manufacturer is electrifying firetrucks
You can now lease a Rivian R1T electric pickup, in select markets
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Rivian on Monday started leasing select models of its all-electric R1T pickup truck, a move to expand sales and customer base beyond early adopters of electric vehicles.… Continue reading You can now lease a Rivian R1T electric pickup, in select markets
Toyota, Honda among 2.3 million vehicles recalled in November. How to make sure your car is fit for long-distance travel plans
Rear view of couple traveling through car. Maskot | Maskot | Getty Images A recall on your vehicle can derail your travel plans, depending on the issue at hand. It’s an issue plenty of drivers have to consider this fall. Subaru, Volkswagen, General Motors, Mercedes-Benz, Toyota and Honda Motor are among the vehicle manufacturers that… Continue reading Toyota, Honda among 2.3 million vehicles recalled in November. How to make sure your car is fit for long-distance travel plans
Ford to scale back plans for $3.5 billion Michigan battery plant as EV demand disappoints, labor costs rise
Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Bill Pugliano | Getty Images News | Getty Images DETROIT… Continue reading Ford to scale back plans for $3.5 billion Michigan battery plant as EV demand disappoints, labor costs rise
Cruise CEO Kyle Vogt resigns from GM-owned robotaxi unit
watch now Cruise co-founder and CEO Kyle Vogt has resigned from his role at the autonomous vehicle venture owned by General Motors, according to a company statement sent to CNBC on Sunday. Mo Elshenawy, who previously served as executive vice president of engineering at Cruise, will now serve as president and chief technology officer for… Continue reading Cruise CEO Kyle Vogt resigns from GM-owned robotaxi unit
Ford union workers ratify UAW deal, closing out historic negotiations with Detroit automakers
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Images DETROIT — Union members at Ford Motor approved a tentative agreement Friday, concluding contentious contract negotiations between the United Auto Workers and Detroit automakers. UAW-Ford workers were the… Continue reading Ford union workers ratify UAW deal, closing out historic negotiations with Detroit automakers