UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, March 27, 2023. Rebecca Cook | Reuters DETROIT – Leaders of the United Auto Workers are withholding a reelection endorsement for President Joe Biden until the union’s concerns about the auto industry’s transition to all-electric vehicles are addressed, according to a… Continue reading UAW withholding Biden reelection endorsement until EV concerns are addressed
Tag: Electric vehicles
Jeep, Dodge maker Stellantis posts first-quarter revenue jump as chip supply eases
Attendees view vehicles at the Jeep booth during opening day of the 2023 New York International Auto Show (NYIAS) in New York, on Wednesday, April 7, 2023. Stephanie Keith | Bloomberg | Getty Images Carmaker Stellantis on Wednesday posted a 14% annual rise in first-quarter net revenues as an easing of semiconductor supply chain pressures… Continue reading Jeep, Dodge maker Stellantis posts first-quarter revenue jump as chip supply eases
Ford restores faith with quarterly results, while Starbucks proves to be a China play
Club holding Ford (F) on Tuesday showed investors it had righted the ship in the first quarter following a dismal end of 2022, easing our concerns that the legacy automaker had lost its way. Automotive revenue for the three months ended March 31 increased about 21% year-over-year, to $39.09 billion, topping analysts’ forecasts of $32.08… Continue reading Ford restores faith with quarterly results, while Starbucks proves to be a China play
Microchip availability boosts Stellantis revenues, shipments in the first quarter
Stellantis NV on Wednesday said revenue increased 14% to $52 billion (47.2 billion euro) in the first quarter of 2023 from last year as global shipments increased 7% and inventories recovered from the ongoing global microchip shortage. Shipments totaled 1.476 million vehicles in the first quarter. In its largest region, North America, revenue rose 10% year-over-year to… Continue reading Microchip availability boosts Stellantis revenues, shipments in the first quarter
Ford posts April sales gain as F-Series comes roaring back
Ford Motor Co.’s U.S. sales rose 4% year-over-year in April, bolstered by strong results in the truck segment. The Dearborn automaker sold 184,002 vehicles in the United States last month. Sales of internal combustion engine vehicles were up 5.6%, while hybrid vehicle sales slipped 6.9% and electric-vehicle sales fell 25% as the automaker continued to… Continue reading Ford posts April sales gain as F-Series comes roaring back
Global Carbon Black Market to Accrue USD 22.66 Billion by 2032, Facilitated by Growing Demand from Automobile Sector, States Extrapolate
DUBAI, UAE, May 3, 2023 /PRNewswire/ — As per the latest research report published by Extrapolate, the global Carbon Black Market size was valued at USD 15.05 billion in 2022 and is anticipated to grow to USD 22.66 billion by 2032. During 2023 and 2032, the market is expecting a CAGR of around 4.6% driven… Continue reading Global Carbon Black Market to Accrue USD 22.66 Billion by 2032, Facilitated by Growing Demand from Automobile Sector, States Extrapolate
Supernal Advanced Air Mobility eVTOL Cabin Concept Wins 2023 iF Design Award
WASHINGTON, May 3, 2023 /PRNewswire/ — Supernal, Hyundai Motor Group’s Advanced Air Mobility (AAM) company, announced today it won recognition from the renowned International Forum (iF) Design Award competition. Continue Reading Supernal cabin concept Supernal’s electric vertical takeoff and landing (eVTOL) vehicle cabin concept, which the Company debuted at the 2022 Farnborough International Airshow, was awarded… Continue reading Supernal Advanced Air Mobility eVTOL Cabin Concept Wins 2023 iF Design Award
The Law Office of D. Gill Sperlein: Elon Musk to pay critic Randeep Hothi to settle defamation lawsuit
SAN FRANCISCO, May 1, 2023 /PRNewswire/ — Tesla CEO Elon Musk has settled a defamation case brought against him by Randeep Hothi, an outspoken critic and independent researcher who published original investigative work casting doubts on many of Tesla’s claims about its technological capabilities, production capacity, and profitability. Hothi’s longstanding criticism of Musk and his companies led… Continue reading The Law Office of D. Gill Sperlein: Elon Musk to pay critic Randeep Hothi to settle defamation lawsuit
Automotive Battery Thermal Management System Market to Reach $18.7 Billion, Globally by 2032 at 15.6% CAGR: Allied Market Research
The growth of the automotive battery thermal management system market is driven by several factors, including the rise in popularity of EVs and HEVs, need to enhance battery performance, enhanced ride quality and heat insulation for cabin comfort, and surge in demand for heavy duty and electronic components. PORTLAND, Ore., May 1, 2023 /PRNewswire/ —… Continue reading Automotive Battery Thermal Management System Market to Reach $18.7 Billion, Globally by 2032 at 15.6% CAGR: Allied Market Research
TransDigm Second Quarter Earnings Report and Conference Call Set for Tuesday, May 9, 2023
CLEVELAND, May 1, 2023 /PRNewswire/ — TransDigm Group Incorporated (NYSE: TDG) today said it will report fiscal 2023 second quarter earnings before the market opens on Tuesday, May 9, 2023. A conference call will follow at 11:00 a.m., Eastern Time. To join the call telephonically, please register for the call here. Once registered, participants will receive… Continue reading TransDigm Second Quarter Earnings Report and Conference Call Set for Tuesday, May 9, 2023