The United Auto Workers union is launching simultaneous, public organizing campaigns at more than a dozen automakers including Toyota Motor Corp., Volkswagen AG and Tesla Inc.
Category: News
Greek Shipping Giant Warns Panama Canal Chaos May Hit Suez
Congestion at the Panama Canal could result in delays at Egypt’s Suez Canal, possibly affecting cargoes of liquefied natural gas, according to an official at Angelicoussis Group.
Transportation Leaders Urge Passage of Freight Rail Bill
Policymakers are calling on congressional leaders to consider freight safety legislation as the Biden administration enhanced its commitment to supply chain connectivity.
US Weighing Reprieve for Automakers on EV Tax Credits
The Biden administration has discussed giving automakers a temporary reprieve from rules aimed to limit a consumer tax credit for electric vehicles that contain certain foreign materials.
Output at Mack Trucks Plants Back to Capacity After Strike
Output at Mack Trucks’ production facilities reached full capacity in recent days after employees returned to work following a six-week strike.
Tesla Color Wraps May Help Broaden Cybertruck’s Appeal
When Tesla starts Cybertruck deliveries on Nov. 30, color wraps — decorative films applied to the truck’s exterior — could soften the edges of a truck seen as too harsh for mainstream buyers.
Lithium Price Slump Means Batteries Are Cheaper Than Ever
Lithium’s benchmark price in China is now down about 80% from its November 2022 record high. At that time, lithium miners were enjoying soaring profits and carmakers were seeing costs surge.
Nikola CEO Girsky’s Duties Expand as CFO Departs
Nikola Corp. CEO Steve Girsky’s workload is set to increase further Dec. 4 with the departure of the truck maker’s chief financial officer.
Toyota Sells Part of Denso Stake to Raise Cash for EVs
Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan’s top automaker said Nov. 29.
GM Says Strike Cost $1.1 Billion, but Raises Dividend
General Motors says pretax earnings took a $1.1 billion hit due to production lost during the UAW’s strike, but the company expects to absorb the new contract’s costs and raised its dividend.