UAW-Detroit 3 negotiations: Union wants pact through May 1, 2028
The UAW is seeking a four-year, eight-month contract with the Detroit 3 that would expire on May 1, 2028 — International Workers' Day — according to people familiar with the...
American Axle Q2 earnings: Profit dips, sales increase
Meanwhile, the supplier's revenue rose about 9 percent to $1.6 billion, partially as a result of its consolidation of Tekfor Group over the past year. The supplier acquired the metal...
Stellantis cockpit, connected services chief leaves company
Sundaram's LinkedIn profile describes his role as advancing Stellantis to be an industry leader in the connected cabin experience. He wrote of using artificial intelligence, machine learning, augmented reality, immersive...
SEC sues two ex-Canoo executives over reporting failures
The carmaker's stock plunged 21 percent after it announced in March 2021 that it would not achieve the anticipated revenue, the SEC said. The regulator also alleged that Kranz failed...
Toyota, Pony.ai plan to mass produce robotaxis in China
Toyota has invested hundreds of millions of dollars in Pony.ai since the companies first teamed up in 2019. Pony.ai CEO Peng Jun said the move would support the development of...
Kia, Stellantis and Toyota dealerships sell across 3 states
Victory Automotive Group made its second acquisition of the year with a two-dealership purchase in the second quarter. Victory Automotive bought C&C Toyota and C&C Dodge-Chrysler-Jeep-Ram, both in Marietta, Ohio,...
Experts raise doubts about NHTSA’s fuel economy proposal
The Alliance for Automotive Innovation, which represents many of the industry players investing in electrification, has called for one national standard that aligns NHTSA's fuel economy standards with the EPA's...
Steve Girsky named Nikola’s fourth CEO in as many years
Electric truck maker Nikola Corp. said on Friday that Michael Lohscheller will step down as CEO less than a year after taking over the job and would be replaced by...
Fisker Q2 earnings: Annual production forecast slashed
Startup automaker Fisker Inc. slashed its production forecast for the year on Friday due to supply chain woes, a common issue among smaller electric vehicle firms. It now expects to...
Lucid earnings preview: Deliveries have faltered
Lucid is offering lease and interest-rate promotions on the Air. It is also in the middle of a summer marketing tour across the country with pop-up stores offering test drives...