UAW President Shawn Fain is bringing a fresh approach to this year’s contract talks with Detroit automakers. Fain’s strategies have gained national attention, combining political savvy, impactful social media messaging, and a belief that the union can win a battle against corporate giants like GM, Ford, and Stellantis. During a Facebook Live event with members, …
A Tesla Model Y, displayed at a Tesla car lot in Austin, Texas, has become the top-selling car globally in the first quarter of 2023. Legacy automakers, on the other hand, have been promising significant increases in the production and sales of electric vehicles (EVs), but their efforts have had little impact on the market. …
Explore the latest developments from notable companies during midday trading. Meta Platforms — Shares of the social media behemoth increased by over 2%, defying the European Court’s recent antitrust ruling against Meta. Despite this setback, Meta is poised to launch a new application called Threads this week, which will directly compete with Twitter. C3.AI — …
Introducing the 2024 Chevrolet Silverado HD ZR2 Image Credit: GM DETROIT – General Motors (GM) experienced a significant increase of 18.8% in U.S. vehicle sales during the second quarter, compared to the previous year when the company faced supply chain challenges. GM reported a total of 691,978 new vehicles sold between April and June, surpassing …
2021 Dodge Durango SRT Hellcat Fiat Chrysler DETROIT – Stellantis’ second-quarter U.S. new vehicle sales increased by 6.4% compared to the same period last year, driven by higher sales of the Chrysler Pacifica minivan and Jeep Compass and Dodge Durango SUVs. This surge in sales is a positive indicator of the recovering demand for new …
The Polestar 2, a battery-electric crossover SUV. Polestar owners in North America will have access to Tesla’s charging network starting next year. Source: Polestar Swedish electric vehicle manufacturer Polestar announced today that it has partnered with Tesla to provide charging access for its EV owners at approximately 12,000 Tesla charging stations across North America from …
Goldman Sachs is currently engaged in discussions to transfer its Apple credit card and high-yield savings account products to American Express, according to a source familiar with the matter. Both Goldman Sachs and Apple declined to comment on the talks. This move comes as part of Goldman Sachs’ broader retreat from its consumer banking initiatives, …
The Endurance electric pickup truck by Lordstown Motors Corp. was unveiled in Lordstown, Ohio on June 25, 2020. Image Source: Bloomberg Lordstown Motors, a struggling electric-truck manufacturer, filed for Chapter 11 bankruptcy protection on Tuesday. The company also announced its intention to sell itself amidst an ongoing dispute with Taiwanese manufacturer Foxconn over promised investments. …
On February 13, 2023, Ford CEO Jim Farley made an announcement at a battery lab in suburban Detroit. He revealed plans for a new $3.5 billion electric vehicle battery plant in Michigan. This plant will produce lithium iron phosphate batteries. This investment by Ford is a clear indication of their commitment to electric vehicles and …
The 2023 Alfa Romeo Tonale, a new vehicle that combines smart technology with stunning design, has been making waves in the automotive industry. However, according to the latest Initial Quality Study by J.D. Power, new vehicles in general are facing a range of quality problems, unlike anything seen in the past 37 years of the …