The three Detroit automakers and the United Auto Workers union have begun negotiating a new labor contract in what could become the most contentious talks between the two sides in perhaps half a century. The discussions, which formally started on Thursday, come as General Motors, Ford Motor and Stellantis have posted a long streak of… Continue reading United Auto Workers Open Contract Talks in Detroit
Category: US Motoring Press
The Big Number: 19
G.M. said it had sold 691,978 vehicles from April through June — a 19 percent jump from a year earlier. Like other automakers, G.M. faced shortages of computer chips and other parts in the pandemic, which sent up the cost of vehicles, forced factories to shut down and left car dealers with sparse lots. Sales… Continue reading The Big Number: 19
Silverstone, a Storied F1 Track, Wants to Continue Its Tale
Silverstone, host of the British Grand Prix this weekend, is very popular with the people who matter most in Formula 1: the drivers. The 3.7-mile course built around a former Royal Air Force base features many high-speed corners, which provide the thrill that those behind the wheel seek. “It has the best layout,” Lewis Hamilton, the… Continue reading Silverstone, a Storied F1 Track, Wants to Continue Its Tale
Mercedes’ F1 Performance Improves After Adjustments to Its Racecar
After qualifying was finished for the season-opening Bahrain Grand Prix in March, Toto Wolff, the Mercedes team principal, condemned his own car. Lewis Hamilton and George Russell, the team’s drivers, had finished over six-tenths of a second behind the leading time set by the reigning champion, Max Verstappen of Red Bull, which is a huge… Continue reading Mercedes’ F1 Performance Improves After Adjustments to Its Racecar
F1 Teams Are Already Working on the Power Units Coming in 2026
Formula 1’s 2023 season isn’t even half over, but manufacturers are already working on 2026. That is when revised power-unit regulations, running through 2030, will take effect. It will be the biggest overhaul to the rules since the introduction of 1.6-liter V6 turbocharged engines in 2014. There will be more manufacturers and a step toward… Continue reading F1 Teams Are Already Working on the Power Units Coming in 2026
Why Car Repairs Have Become So Expensive
New cars and trucks are packed with sensors and technology that protect and pamper drivers and passengers. But those features are also raising the cost of repairs after accidents. The average cost of making damaged cars good as new has soared 36 percent since 2018, and may top $5,000 by the end of this year,… Continue reading Why Car Repairs Have Become So Expensive
Tesla’s Second Quarter Sales and Deliveries Rise as Tax Credits Fuel Demand
Tesla sales rose a better-than-expected 10 percent in the second quarter as the company led by Elon Musk benefited from government incentives and price cuts that made its electric cars less expensive than comparable gasoline models. Tesla delivered 466,000 vehicles from April through June, up from 423,000 vehicles in the previous quarter, the company said… Continue reading Tesla’s Second Quarter Sales and Deliveries Rise as Tax Credits Fuel Demand
Lithium Scarcity Pushes Carmakers Into the Mining Business
Eager to avoid falling further behind Tesla and Chinese car companies, many Western auto executives are bypassing traditional suppliers and committing billions of dollars on deals with lithium mining companies. They are showing up in hard hats and steel-toed boots to scope out mines in places like Chile, Argentina, Quebec and Nevada to secure supplies… Continue reading Lithium Scarcity Pushes Carmakers Into the Mining Business
Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption
Ford CEO Jim Farley poses for a photo at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images Ford Motor said Thursday pushed back production targets for its electric vehicles, citing slower-than-expected adoption. Ford… Continue reading Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption
Ford raises full-year guidance after solid earnings beat
Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT — Ford Motor on Thursday raised its 2023 guidance after second-quarter earnings significantly beat Wall Street expectations, boosted by strong pricing and demand for the automaker’s traditional vehicles even as adoption of EVs took hold slower than the… Continue reading Ford raises full-year guidance after solid earnings beat