UAW members approve 25% pay increase in new deal with Daimler Truck
On May 4, United Auto Workers (UAW) union members approved a new labor agreement with Daimler Truck. The agreement is valid for four years and includes a minimum 25% increase...
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
Headlines
American Honda sales jump in April but roadblocks remain in key markets
Honda reported strong April sales in the U.S. but continued to face challenges in the luxury and electric markets.
The automaker posted North American sales of 116,586 units across its main and...
Report shows EVs driven 20% less than gas-powered cars, resulting in higher cost per mile
According to a recent report by iSeeCars.com, gasoline-powered vehicles that are three years old are driven an average of 12,813 miles per year. In comparison, EVs are driven 20% less,...
Rivian gets millions in state incentives for Illinois factory expansion
Rivian Automotive announced this week that it has secured an $827 million incentive package from Illinois, intended to fund an expansion at its Normal facility.
This boost comes at a critical juncture...
Ford sales decline in April as hybrids display resilience
Ford revealed a 2.4% decline in U.S. sales for April, attributing the drop to reduced demand for F-Series trucks, Broncos, and other SUVs. Despite this, the company celebrated a record-breaking...
Automotive weekly roundup: dealer group profits fall, emergency brake rule, Ford University launch
Earlier this week: AutoNation and Penske Automotive reported first quarter earnings this week, revealing notable declines in profitability. The National Highway Traffic Safety Administration finalized a rule requiring automakers to...
Tesla abandons ‘gigacasting’ production process amid cost-cutting measures
According to a recent report by Reuters, the Austin-based EV manufacturer Tesla has abandoned its plan to advance gigacasting, a groundbreaking production process. This shift in strategy suggests that the...
Carvana posts record-breaking Q1 profits after aggressive restructuring
Carvana posted record-breaking earnings for the first quarter in a dramatic recovery from early 2023, underlining the impact of an aggressive restructuring effort over the last two years.
The company reported...
Cadillac VP aims to offer a full EV lineup by 2030 alongside gas cars
During a press conference on May 1st, the Vice President of Global Cadillac, John Roth, announced that while the company plans to continue selling gas-powered cars for some time, it...
Federal Reserve leaves interest rates unchanged after worrying inflation trends
The Federal Reserve left interest rates unchanged after its policy hearing on Wednesday, marking the central bank's sixth consecutive meeting without making any adjustments to its disinflationary strategy.
Fed Chair Jerome Powell attributed...
