US auto safety agency probes 2022 Ford Mach-E EV recall
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Ford (F) workers in Louisville vote 'yes' to authorize strike
August 23, 2023 1:41 PM EDTFord (NYSE: F) United Auto Workers (UAW) Local 862 union, led by veteran labor leader Todd Dunn in Louisville Kentucky, voted overwhelmingly this week to grant union leaders the right to call a strike if contracts expire before a new deal is in place.
Dunn, who is in his 13th year... More
Texas EV owners prepare as additional fees kick in Sep. 1st
August 22, 2023 2:30 PM EDTTexas electric vehicle owners are preparing for a rule change after state lawmakers approved a $200 annual fee added to their EVs registration charges.
Earlier this year, Texas lawmakers gave the green light to a fee that applies to all electric cars and trucks in the state. This fee, including a $400 charge for first-time registration, aims to fix what legislators pointed out as an... More
Stellantis (STLA) AEG report shows a union strike could cost the U.S. auto industry $5.5B
August 21, 2023 3:11 PM EDTAnderson 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
NHTSA probes 2022 Ford (F) Mach-E recall as problems persist
August 21, 2023 10:19 AM EDTThe 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
