Profit-sharing checks will soon be going out to hundreds of thousands of UAW-represented hourly workers for the Detroit 3 automakers. This year, Stellantis workers will get an average of $14,760,...
Lucid Group's reservation backlog for its Air sedan fell to 28,000 this week from 34,000 late last year in a sign of easing demand, as the luxury EV maker said...
KAR in 2022 finished integrating its digital auction platforms BacklotCars and Carwave into one business. The company retired the Carwave platform and the new auction format within BacklotCars will be...
But the deal, showcased as part of a Mercedes-Benz event Wednesday in Sunnyvale, Calif., is a far-reaching one that could see lidar affixed to a "broad range" of the company's...
Mercedes' approach to building a vehicle operating system from the ground up is about flexibility, said Michael Hafner, a Mercedes vice president helping lead development of MB.OS. "We need to...
With reform candidates now in power and President Ray Curry fighting for reelection, the UAW late Tuesday announced its International Executive Board raised strike pay by $100 to $500 per...
The number of U.S. franchised dealerships in 2022 rose for the second year in a row after two years of declines, according to Urban Science's annual Automotive Franchise Activity Report....
The North American results produced UAW-leading profit-sharing payouts. Stellantis will distribute an average of $14,760 to eligible UAW-represented workers as part of a contractually negotiated plan. About 40,500 workers are...
BERLIN -- Tesla has begun assembling battery systems at its plant in Germany but will focus cell production in the U.S. in light of tax incentives under the Inflation Reduction...
Stock buyback The company also unveiled a share buyback of as much as 1.5 billion euros ($1.6 billion) following Mercedes-Benz and BMW in returning cash to shareholders after strong 2022...
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