Reuters Tesla falls as production cut by battery supplier Panasonic fans EV demand fears Panasonic said its production suffered from slowing uptake for high-end EVs in North America, echoing Tesla CEO Elon Musk’s comments from earlier this month that higher-for-longer borrowing costs would take a toll on vehicle demand. “Panasonic’s warning of soft demand for… Continue reading Tesla Vs. BYD 2023: TSLA Breaking Lower As Archrival’s Earnings, Margins Boom
Tag: FCA
@FCA: Dodge Delivers New Line of Direct Connection Crate Long Blocks, Announces Hellephant C170 6.2L Supercharged Crate HEMI® Engine
October 31, 2023 , Auburn Hills, Mich. – Direct Connection, the Dodge performance products brand, is announcing the full Hellephant C170 Crate HEMI® Engine — the same engine that powers the 1,025-horsepower Dodge Challenger SRT Demon 170 — will be available for purchase at DCPerformance.com starting in Q1 2024. Direct Connection is also rolling out a… Continue reading @FCA: Dodge Delivers New Line of Direct Connection Crate Long Blocks, Announces Hellephant C170 6.2L Supercharged Crate HEMI® Engine
@FCA: Evento Digital- Tercer Trimestre 2023 Envíos e Ingresos
31 de octubre de 2023 , Ciudad de México – Stellantis N.V. anunció que los Resultados correspondientes al tercer trimestre de 2023 se darán a conocer el martes 31 de octubre de 2023.La transmisión en vivo y llamada en conferencia para presentar los resultados correspondientes al tercer trimestre de 2023 iniciará a las 6:00 hrs. de… Continue reading @FCA: Evento Digital- Tercer Trimestre 2023 Envíos e Ingresos
Stellantis says it is least affected by North America strikes among Detroit Three
SummaryCompaniesSees 3 bln euro impact of N. America strikes on salesProfitability to be affected by less than 750 mln eurosNet revenue up 7% in Q3 to 45.1 bln eurosConsolidated shipments up 11% in Q3 to 1.427 mln units MILAN, Oct 31 (Reuters) – Stellantis (STLAM.MI) on Tuesday played down the impact of strikes in North… Continue reading Stellantis says it is least affected by North America strikes among Detroit Three
Backpack Announces Launch of Cryptocurrency Exchange; Backpack Exchange Receives Approval for VASP License from the Dubai Virtual Asset Regulatory Authority
License gives Backpack Exchange full clearance to operate in Dubai, setting standards for transparency in the digital asset space DUBAI, UAE, Oct. 31, 2023 /PRNewswire/ — Backpack, the all-in-one web3 wallet and company behind Mad Lads, the No. 1 NFT collection by market cap on Solana, today announced the launch of a regulated cryptocurrency exchange. Trek… Continue reading Backpack Announces Launch of Cryptocurrency Exchange; Backpack Exchange Receives Approval for VASP License from the Dubai Virtual Asset Regulatory Authority
Marelli plant closure forewarns painful electric vehicle transition
“Workers dream of owning an EV car… the only one who doesn’t is the government,” said Vittorio Sarti of the UILM, one of the unions on strike in Crevalcore. Around 230 workers in Italy’s “Motor Valley” have begun striking over the planned closure of their auto parts factory, an early casualty of the European Union’s… Continue reading Marelli plant closure forewarns painful electric vehicle transition
U.A.W. and Ford Reach Tentative Contract Agreement
The United Automobile Workers and Ford Motor have reached a tentative agreement on a new four-year labor contract, the union announced Wednesday, nearly six weeks after the union began a growing wave of walkouts against the three Detroit automakers. The union said the deal included a roughly 25 percent pay increase over four years, cost-of-living… Continue reading U.A.W. and Ford Reach Tentative Contract Agreement
U.A.W. Expands Strike to a Ram Plant in Michigan
In a major escalation of its six-week strike at the three large U.S. automakers, the United Automobile Workers union on Monday told 6,800 workers at a large Ram pickup truck plant in Michigan to walk off the job. Union workers at the Sterling Heights plant, which is owned by Stellantis, the parent of Ram, Chrysler… Continue reading U.A.W. Expands Strike to a Ram Plant in Michigan
Bill Ford Says U.A.W. Strike Is Helping Tesla and Toyota
The monthlong strike by the United Automobile Workers and the union’s demands for substantial pay and benefits increases risk damaging the U.S. auto industry, hurting its ability to compete against nonunion foreign rivals, the executive chairman of Ford Motor said on Monday. The fight should not be seen as the U.A.W. against Ford, or its… Continue reading Bill Ford Says U.A.W. Strike Is Helping Tesla and Toyota
U.A.W. Says Auto Strikes Will Become More Unpredictable
Four weeks after starting limited strikes against three large automakers, the United Automobile Workers is shifting to a more aggressive strategy, suggesting that work stoppages could spread to more plants and possibly go on for some time. In an online video, the union’s president, Shawn Fain, said on Friday that he would no longer wait… Continue reading U.A.W. Says Auto Strikes Will Become More Unpredictable