UAW leader says Detroit Three automakers 'still not serious' in contract talks

Stellantis (STLA) AEG report shows a union strike could cost the U.S. auto industry $5.5B

Anderson Economic Group (AEG) released a report late last week highlighting the potential economic impact of a 10-day auto union strike. According to the report, AEG estimates a strike on all three automakers by 143,000 United Auto Workers (UAW) members could result in a total economic loss of more than $5 billion after 10 full days.

The assessment adopts a holistic perspective, considering not only the impacts on workers and manufacturers, but also the potential repercussions on car dealers and parts suppliers that could result from a... More

Stellantis (STLA) threatened to move RAM 1500 production to Mexico, union leader says

United Auto Workers (UAW) union Vice President, Rich Boyer revealed Sunday that Dodge-Chrysler parent Stellantis (NYSE: STLA) threatened to relocate production of their Ram 1500 pickup trucks from its location in metro Detroit to a facility in Mexico.

The threat comes as contract negotiations for thousands of autoworkers have reached a near boiling point. The UAW will hold a vote this week to award... More

California DMV probes GM's Cruise robotaxi following crash

The California Department of Motor Vehicles (DMV) announced Friday that the state auto regulator has opened an investigation into recent concerning incidents surrounding General Motors (NYSE: GM) Cruise autonomous vehicle unit. The DMV has also asked that GM remove half of their robotaxis from service while the investigation is under way.

The statement from the California DMV follows an incident involving a Cruise robotaxi and an emergency vehicle in San Francisco late on Thursday, the latest accident involving the self-driving cars.

"The DMV reserves the right,... More

NHTSA probes 2022 Ford (F) Mach-E recall as problems persist

The National Highway Traffic Safety Administration (NHTSA) revealed Monday that the safety regulator has opened an investigation into whether a 2022 Ford (NYSE: F) recall of 49,000 Ford Mustang Mach-E electric vehicles properly addressed safety concerns, and if the recall should be expanded.

Ford initiated a recall in June 2022 due to a potential issue with high voltage battery main contactors. These contactors have the potential to overheat as a result of DC fast-charging and repetitive wide-open pedal events. This overheating could lead to an abrupt loss of power for propulsion,... More