Tag: OEM news
GM reports $1.1 billion hit from UAW strike but raises dividend,...
General Motors (GM) has reported a significant financial impact from the recent six-week strike by autoworkers, with pretax earnings suffering a $1.1 billion loss,...
GM’s Mary Barra responds to UAW strike: ‘I’m extremely frustrated and...
Early Friday morning, General Motors CEO Mary Barra shared her reaction to the United Auto Workers union strike with CNBC's Phil Lebeau during an...
It’s official—the UAW is on strike
Mere hours before the United Auto Workers’ contract deadline midnight on Thursday, General Motors increased its wage offer to 20% from 18%. Though, it...
UAW considering smaller-scale, targeted strikes as deadline approaches
United Auto Workers (UAW) union leaders face a critical juncture as Thursday's strike deadline approaches fast. According to reports from the Associated Press, if...
Hyundai introduces “hypercasting” to rev up EV production
Hyundai is now incorporating "hypercasting" into its electric vehicle (EV) production, echoing Tesla's Giga Casting technique. As reported by Korean newspaper Hankyung, hypercasting involves...
National Right to Work Foundation issues legal notice to employees of...
The National Right to Work Legal Defense Foundation has released a legal notice to thousands of autoworkers who may be impacted if United Auto...
Software-defined vehicles could generate over $650 billion for the auto industry
The automotive industry is undergoing an upheaval as two previously distinctive industries- automotive and technology- converge quickly. By 2030, Software-Defined Vehicles (SDV) are expected...
August U.S. vehicle sales: signs of a market slowdown?
August, traditionally a significant month for car sales, has offered the auto industry a mixed bag of data. While there's notable year-over-year growth of...
Hyundai and LG will invest an additional $2 billion at Georgia...
Hyundai and LG Energy Solutions announced plans to invest an additional $2 billion and hire 400 more employees to produce batteries at the automaker's...
Opinion | Rethinking the UAW and the Detroit 3 Saga: An...
In the Transformers movies, when Optimus Prime clashed with Megatron, or in The Avengers, when our heroes battled the likes of Thanos, the earth-shattering...
