UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois. Jim Vondruska | Getty Images DETROIT – The United Auto Workers achieved record contracts with the Detroit automakers following contentious talks and roughly six weeks of … Read more
United Auto Workers (UAW) members strike at a General Motors assembly plant that builds the U.S. automaker’s full-size sport utility vehicles, in another expansion of the strike in Arlington, Texas, October 24, 2023. James Breeden | Reuters DETROIT – General Motors plans to invest roughly $13 billion in U.S. facilities by April 2028, the United … Read more
Volvo’s EX90 electric vehicle photographed in Sweden on Nov.9, 2022. Mikael Sjoberg | Bloomberg | Getty Images The CEO of Volvo Cars is bullish about the long-term potential of electric motors, but appears more cautious on solid-state batteries — technology that’s generated much hype around its potential to transform the performance of EVs. Speaking to … Read more
Korean automobile manufacturer Kia displays the electric vehicle “EV6 GT-Line” during the 30th Gaikindo Indonesia International Auto Show in Tangerang on August 10, 2023. Yasuyoshi Chiba | Afp | Getty Images Indonesia’s EV-friendly policies have lured global investors to the country, but experts say they could also boost investments in Southeast Asia’s automotive industry more … Read more
Ford Motor Co. shows a brand new 2021 Ford F-150 pickup truck on the Rouge Complicated in Dearborn, Michigan, Sept. 17, 2020. Rebecca Cook dinner | Reuters Heads up, hybrid followers: Ford Motor is engaged on a complete bunch of recent hybrid fashions. “You are going to see much more hybrid methods from us,” CEO … Read more
2024 Chevrolet Silverado HD ZR2 GM DETROIT – Normal Motors’ U.S. automobile gross sales elevated by 18.8% within the second quarter in comparison with subdued outcomes a yr in the past when the automaker was battling provide chain points. The Detroit automaker reported gross sales Wednesday of 691,978 new automobiles from April by means of … Read more
Japan launched a brand new inventory index on Monday, making it simpler for buyers to establish company worth within the fairness markets, in a transfer to strengthen company governance reforms on the earth’s third-largest economic system. The brand new JPX Prime 150 Index is a curated record of the 150 constituent listings on the Tokyo … Read more
Akio Toyoda, president and CEO of Toyota Motor Corp. Kiyoshi Ota | Bloomberg | Getty Photographs DETROIT – Toyota Motor inventory sealed its greatest week since 2009 on Friday, because the automaker laid out a strong plan for future all-electric autos and firm scion Akio Toyoda turned chief of the Japanese firm’s board. Shares of … Read more
Akio Toyoda, Chairman of Toyota Motor Corp. Yoshikazu Tsuno | Gamma-rapho | Getty Photographs DETROIT – Toyota Motor’s inventory is having its finest week since 2009 following the corporate disclosing plans for its next-generation electrical autos and shareholders voting in favor of its new management, together with former CEO Akio Toyoda as chairman. Shares of Toyota … Read more
Folks arrive to attend an annual shareholders’ assembly for Toyota Motor within the metropolis of Toyota, Aichi Prefecture on June 14, 2023. Toyota is underneath strain from massive institutional buyers for chairman Akio Toyoda to step down over his lukewarm embrace of electrical automobiles. Str | Afp | Getty Photos Toyota shares hit a 16-month … Read more