CLOSE The UAW’s elected bargaining committee stand “solidarity strong” at the main bargaining table where they are negotiating with General Motors bargainers for a new tentative agreement. (Photo: UAW) Late nights, early mornings and a lot of hurry up to wait. That’s the life of UAW and General Motors bargainers who are enduring a process that… Continue reading What it’s really like behind doors of GM, UAW contract talks
Tag: Recalls
Audi e-tron gets turned into electric emergency vehicle
Unsurprisingly, Norway is turning out to be a great market for the Audi e-tron, and now they are even finding new ways to use the electric SUV: as an emergency vehicle for an ambulance service. After launching the e-tron electric SUV last year, Audi had some difficulties bringing the car to production. They had some software… Continue reading Audi e-tron gets turned into electric emergency vehicle
WMS Group acquired by roadside assistance specialist Opteven Group
WMS Group is set to be wholly acquired by Europe’s second-largest Mechanical Breakdown Insurer (MBI) subject to formal approval of the deal from The Financial Conduct Authority (FCA). Opteven, based in Lyon, France, currently operates in eight international markets via its offices in Warrington, Milan, Madrid and Berlin and already has an established operational presence… Continue reading WMS Group acquired by roadside assistance specialist Opteven Group
Ford draws 322,000 cars in Europe at risk of battery fire
SAFETY 25 September 2019 1 ‘of reading Ford draws about 322,000 cars in Europe whose batteries could ignite due to acid leaks. The recall concerns Mondeo, SMax and Galaxy built between February 2014 and February 2019. Ford has stated that the loss of acid from the battery around the negative pole could cause failure of… Continue reading Ford draws 322,000 cars in Europe at risk of battery fire
Nio raising more cash amid cost-cutting campaign
BEIJING (Reuters) – Nio Inc, one of China’s high-profile electric car startups, disclosed a fresh money-raising push this week, saying it had issued $200 million worth of bonds and was accelerating cost-cutting programs to slow cash burn as the company seeks to attract more investors in a slumping market. FILE PHOTO: Chinese electric vehicle start-up… Continue reading Nio raising more cash amid cost-cutting campaign
Nio aims to control cash burn with smaller showrooms, leaner staff
BEIJING (Reuters) – China’s loss-making Tesla wannabe Nio Inc will expand its sales network with smaller showrooms, slash its workforce and spin off some business units, company executives said on Wednesday, in a move to control massive cash burn amid slowing electric vehicle sales in the world’s largest auto market. Chinese electric vehicle start-up Nio… Continue reading Nio aims to control cash burn with smaller showrooms, leaner staff
ES8 Battery Recall Cost NIO Over $49 Million
The average cost of the NIO ES8 battery pack recall was around $147 per kWh. By the way of releasing Q2 financial results, NIO shared also an interesting note about the cost of battery recall of 4,803 NIO ES8 cars. The affected fleet of ES8 needed replacement of 70 kWh battery packs (with CATL NEV-P50… Continue reading ES8 Battery Recall Cost NIO Over $49 Million
Nissan is recalling 1.23 million vehicles, including some Rogue and Altima models
Hong Kong (CNN Business)Nissan is recalling 1.23 million SUVs and sedans in the United States and Canada in order to fix a problem with backup cameras in the vehicles.The problem with the backup camera systems in the affected vehicles is that they don’t return to the default image when the transmission is shifted into reverse.Nissan acknowledged in a letter to the US National Highway Traffic Safety Administration that the reduced rear visibility “could lead to an increased risk of an accident in the event the driver does not re-adjust the display before reversing.”
FCA diesel exec indicted in emissions cheating case
Fiat Chrysler Automobiles NV’s senior manager of diesel engine calibration has been indicted on charges related to the company’s use of software on about 104,000 diesel-powered pickups and SUVs that is similar to the “defeat devices” Volkswagen AG used to cheat U.S. emissions testing. Emanuele Palma, 40, of Bloomfield Hills is facing charges of violating the Clean Air Act, wire fraud, false… Continue reading FCA diesel exec indicted in emissions cheating case
NIO Inc. Reports Unaudited Second Quarter 2019 Financial Results
Quarterly Total Revenues reached RMB1,508.6 million (US$219.7 million) Quarterly Deliveries of the ES8 and the ES61were 3,553 vehicles SHANGHAI, China, Sept. 24, 2019 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today announced its unaudited financial results for the second quarter ended June 30, 2019.… Continue reading NIO Inc. Reports Unaudited Second Quarter 2019 Financial Results