A multiyear investigation into the safety of Tesla’s driver assistance systems by the National Highway Traffic Safety Administration, or NHTSA, is drawing to a close. Reuters’ David Shepardson first reported on the latest developments Thursday, citing NHTSA acting administrator Ann Carlson. CNBC confirmed the report with the federal vehicle safety regulators. A spokesperson for NHTSA… Continue reading Tesla Autopilot safety probe by federal vehicle regulators nears completion
Category: US Motoring Press
UAW workers overwhelmingly vote to authorize strikes at GM, Ford, Stellantis
Striking United Auto Workers members and supporters attend a speech by Vermont Sen. Bernie Sanders outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – United Auto Workers members overwhelmingly granted union leaders authorization to call strikes during ongoing contract negotiations with General Motors, Ford Motor and… Continue reading UAW workers overwhelmingly vote to authorize strikes at GM, Ford, Stellantis
Here’s what to do if you could only afford a used vehicle and are saddled with high interest rates
I Love Images | Cultura | Getty Images Rising interest rates are pushing auto loan rates upwards for both new and used cars across the U.S. The average annual percentage rate for new cars rose 7.1%, in the second quarter of the year, according to car website Edmunds, while that for used cars ticked up… Continue reading Here’s what to do if you could only afford a used vehicle and are saddled with high interest rates
The evolution of the Volkswagen bus — from Type 2 to the electric ID Buzz
Volkswagen Type 2 bus lined up next to the ID. Buzz CNBC | Sydney Boyo | Andrew Evers The “bus,” as many fans know it, is deeply ingrained in American culture and evolved into a symbol of protest starting in the 1960s. “There was an unpopular war. There were conflicting ideas of what the American… Continue reading The evolution of the Volkswagen bus — from Type 2 to the electric ID Buzz
China’s EV slowdown drags down Nvidia’s ‘next billion-dollar business’
Nvidia automotive segment primarily sells chip systems for assisted driving. CEO Jensen Huang has touted it as the company’s “next billion-dollar business.” Alex Wong | Getty Images News | Getty Images BEIJING — U.S. chipmaker Nvidia this week soundly beat analysts’ expectations for major revenue lines — except in automotive — as Chinese demand for… Continue reading China’s EV slowdown drags down Nvidia’s ‘next billion-dollar business’
Tesla investors to get $12,000 each from Musk’s SEC deal
A group of Tesla Inc. investors stands to recover an average of about $12,000 a head for losses they incurred from Elon Musk’s famous 2018 tweet that he had “funding secured” to take the carmaker private at $420 a share — and then didn’t. The U.S. Securities and Exchange Commission aims to pay the investors… Continue reading Tesla investors to get $12,000 each from Musk’s SEC deal
UAW members authorize strikes against Detroit Three automakers
United Auto Workers members at the Detroit Three automakers authorized the union to call a strike against the companies when their contracts expire on Sept. 14 with “near universal approval,” the union said Friday. The UAW reported that final votes are still being tabulated, but that the combined average across Stellantis NV, General Motors Co.… Continue reading UAW members authorize strikes against Detroit Three automakers
Hyundai’s workers vote to strike for first time in five years
This content is only available to subscribers. Get unlimited digital access. $1.50 per month for 12 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading Hyundai’s workers vote to strike for first time in five years
The 2023 UAW-Detroit Three contract talks
The high-stakes negotiations between the United Auto Workers and Ford Motor Co., General Motors Co. and Stellantis NV will determine wages, working conditions and other compensation for nearly 150,000 workers — and, the union’s new leadership believes, the future of those workers as the auto industry undergoes a historic shift to electric vehicles. This is… Continue reading The 2023 UAW-Detroit Three contract talks
UAW, Ultium Cells agree on wage increases at Ohio battery plant
Ultium Cells LLC and the United Auto Workers have reached a tentative agreement to give raises of more than 20% to workers at Ultium’s battery plant Warren, Ohio, according to a company statement. The agreement, which will have to be ratified by the UAW members at Ultium, would become effective Aug. 28. It comes as… Continue reading UAW, Ultium Cells agree on wage increases at Ohio battery plant