NHTSA probes GM’s self-driving unit for pedestrian risk
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Tesla (TSLA) follows GM and Ford (F), slows EV ramp as demand drops
October 19, 2023 9:21 AM EDTTesla (NASDAQ: TSLA), on Wednesday, echoed the cautious approach of General Motors (NYSE: GM) and Ford (NYSE: F) towards expanding electric vehicle (EV) production capacity. The company cited economic uncertainties and emphasized concerns about a possible decline in demand.
Tesla CEO, Elon Musk voiced his apprehension about the... More
General Motors delays plans for EV truck production at Michigan plant by one year
October 17, 2023 1:58 PM EDTInvesting.com -- General Motors said Tuesday it is pushing back production of electric trucks at its Orion Assembly plant in Michigan by one year to late-2025.
The automaker said the delay would allow it "to better manage capital investment while aligning with evolving EV demand," adding... More
General Motors (GM) to delay EV truck production at Michigan plant
October 17, 2023 1:56 PM EDTGeneral Motors (NYSE: GM) revealed Tuesday that the Detroit automaker will delay the production of electric pickup trucks at its Orion Township, Michigan facility as the company deals with "evolving EV demand."
The latest move suggests that electric vehicle production and demand might not be as strong as previously expected. Ford Motor (NYSE: F) announced on Friday that it would temporarily cut... More
GM delays EV truck production at Michigan plant by year
October 17, 2023 12:22 PM EDTBy David Shepardson and Ben Klayman
DETROIT (Reuters) -General Motors Co said on Tuesday it will delay production of electric pickup trucks at its plant in Michigan's Orion Township by a year as the No. 1 U.S. automaker grapples with flattening demand for electric vehicle.
The move is the latest sign that electric vehicle production and demand may not be as strong as forecast. GM had been set to begin production of the electric Chevrolet Silverado and GMC Sierra in late 2024 at the suburban Detroit plant. The company said the plan now is to start it in late 2025.
... MoreTesla (TSLA) pushes US to adopt stricter fuel efficiency rules
October 17, 2023 12:01 PM EDTProminent electric vehicle manufacturer, Tesla (NASDAQ: TSLA) on Tuesday, called upon the Biden administration to swiftly solidify more rigorous fuel economy standards through 2032 than those initially proposed by U.S. regulators, placing the automaker at odds with major OEMs.
In July, the National Highway Traffic Safety Administration (NHTSA) introduced a proposal to... More
U.S. Auto-Safety Regulators Investigate Cruise's Self-Driving Cars Over Pedestrian Risks - WSJ
October 17, 2023 9:43 AM EDTU.S. Auto-Safety Regulators Investigate Cruise's Self-Driving Cars Over Pedestrian Risks - WSJ
... MoreFord (F) calls for deal to end UAW strike
October 16, 2023 2:03 PM EDTOn Monday, Bill Ford, the Executive Chairman of Ford Motor Company (NYSE: F), appealed to the United Auto Workers union to cease their 32-day strike and come to terms on a fresh labor agreement.
Ford highlighted the escalating repercussions for both the automaker and the broader U.S. economy.
"We... More
Stellantis (STLA), Ford (F) layoff 1,250 additional workers as UAW strike continues
October 16, 2023 9:05 AM EDTChrysler-parent company Stellantis (NYSE: STLA) and Ford Motor (NYSE: F) announced on Friday that they would be implementing temporary layoffs for 1,250 employees, citing the repercussions of the ongoing United Auto Workers (UAW) strike.
In light of the strike, Stellantis disclosed that 1,340 employees are... More
Carmakers Spared From New UAW Strikes As Talks Progress - Bloomberg
October 13, 2023 10:33 AM EDTCarmakers Spared From New UAW Strikes As Talks Progress - Bloomberg
... More
