Corporate/Finance: Page 5


  • General Motors' CAMI Assembly plant
    Image attribution tooltip
    Retrieved from General Motors Canada on September 14, 2023
    Image attribution tooltip

    “Effectively there is no border”: How a Unifor strike in Canada would affect the North American auto industry

    A Unifor strike in Canada would shake the U.S., given the close integration of the countries’ automotive supply chains.

    By Kalena Thomhave • Sept. 14, 2023
  • United Auto Workers members and others rally.
    Image attribution tooltip
    Bill Pugliano/Stringer/Getty Images News via Getty Images
    Image attribution tooltip

    UAW won’t extend negotiations, could target strikes

    If the United Auto Workers strike against General Motors, Ford and Stellantis, the union plans to ask specific local chapters to strike rather than at once.

    By Sept. 14, 2023
  • An American flag on a semiconductor chip.
    Image attribution tooltip
    William_Potter via Getty Images
    Image attribution tooltip

    Onshoring semiconductor manufacturers to the US is risky. Here’s how to protect yourself.

    As chipmakers push to bring their operations closer to home, experts say it’s critical they keep close tabs on critical data and IP. 

    By Michelle No • Sept. 14, 2023
  • United Auto Workers members marching.
    Image attribution tooltip
    Bill Pugliano/Stringer/Getty Images North America via Getty Images
    Image attribution tooltip

    UAW negotiations with Big Three come down to the wire

    United Auto Workers members employed by General Motors, Ford and Stellantis could strike if the sides can’t make a deal by the time the union’s 4-year labor agreements with the Big Three automakers expire Sept. 14.

    By Sept. 13, 2023
  • The Ford Motor Company world headquarters in Dearborn, Michigan.
    Image attribution tooltip
    Bill Pugliano via Getty Images
    Image attribution tooltip

    Ford appoints Toyota veteran as its global chief marketing officer

    In addition to tapping Lisa Materazzo as CMO, the automaker hired William Clay Ford III as general manager of Ford Performance and Elena Ford as its chief dealer engagement officer.

    By Sept. 13, 2023
  • An electric vehicle charging.
    Image attribution tooltip
    deepblue4you/E+ via Getty Images
    Image attribution tooltip

    BMW, Ford, Honda partner on vehicle-to-grid technology

    ChargeScape, a new joint venture, aims to help manage energy use for widespread electric vehicle deployment.

    By Sept. 13, 2023
  • A blue Honda vehicle sits on the sales lot at a Honda dealership in California.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Honda to unify product, sales and dealer communications

    The new division aims to grow the automaker’s sales momentum as it prepares to launch its first mass-market EVs in the U.S.

    By Sept. 12, 2023
  • United Auto Workers members rally.
    Image attribution tooltip
    Bill Pugliano/Stringer/Getty Images North America via Getty Images
    Image attribution tooltip

    UAW President Shawn Fain says union won’t take ‘scraps’

    The proposals from General Motors, Ford and Stellantis offer significantly less generous wages and benefits than the United Auto Workers is demanding, Fain said.

    By Sept. 11, 2023
  • The Audi e-tron electric SUV
    Image attribution tooltip
    Courtesy of Audi of America
    Image attribution tooltip

    Audi appoints CMO to lead new brand marketing team

    Emilie Cotter will help lead Audi of America’s transition to electric vehicles.

    By Sept. 8, 2023
  • United Auto Workers members rally.
    Image attribution tooltip
    Bill Pugliano/Stringer/Getty Images News via Getty Images
    Image attribution tooltip

    Stellantis, UAW set to spar as labor negotiations heat up

    The automaker offered employed United Auto Workers members a total wage increase of 14.5% over four years.

    By Sept. 8, 2023
  • United Auto Workers members.
    Image attribution tooltip
    Bill Pugliano/Stringer/Getty Images News via Getty Images
    Image attribution tooltip

    UAW balks at GM’s ‘insulting proposal’

    General Motors offered most United Auto Workers members a 10% wage increase.

    By Sept. 7, 2023
  • A rendering of the Honda Prologue electric SUV in white.
    Image attribution tooltip
    Courtesy of American Honda Motor Co., Inc
    Image attribution tooltip

    Honda adopting Tesla’s EV plug in North America

    Honda joins a growing list of automakers planning to adopt Tesla’s North American Charging Standard charging port for their future electric vehicles.

    By Sept. 7, 2023
  • An image of two Tesla cars in front of a Hilton hotel being charged via an EV charging station.
    Image attribution tooltip
    Permission granted by Cristina Herrera
    Image attribution tooltip

    Tesla, Hilton partner to deploy 20,000 EV chargers at hotels

    The hotel chain said locations “alongside roadways and in key urban destinations” are uniquely suited to provide EV charging to travelers. 

    By Jenna Walters • Sept. 7, 2023
  • A Freightliner eCascadia at Electric Island
    Image attribution tooltip
    Courtesy of Daimler Trucks North America
    Image attribution tooltip

    Cummins, Daimler, Paccar partner on $3B US battery plant

    The three trucking OEMs are forming a joint venture to produce LFP batteries in the country, as demand for clean energy continues to grow.

    By Larry Avila • Sept. 6, 2023
  • Kjell Gruner, Rivian Automotive's chief commercial officer.
    Image attribution tooltip
    Permission granted by Rivian Automotive
    Image attribution tooltip

    Rivian hires former Porsche Cars North America CEO

    Kjell Gruner will serve as the electric vehicle maker’s chief commercial officer.

    By Sept. 6, 2023
  • Chris Paukert, senior group manager of product public relations for Hyundai Motor North America.
    Image attribution tooltip
    Courtesy of Hyundai Motor North America
    Image attribution tooltip

    Hyundai adds Chris Paukert to public relations team

    The former journalist recently left his position at car-shopping website Edmunds.com.

    By Sept. 5, 2023
  • An orange robotic arm working on a black hydrogen storage tank in a white and gray facility.
    Image attribution tooltip

    Courtesy of Michigan Economic Development Corp.

    Image attribution tooltip

    Plastic Omnium invests in two hydrogen vehicle sites in Michigan

    The $171 million investment follows the auto parts manufacturer's $2 billion order from a major U.S. automaker earlier this year.

    By Sara Samora • Sept. 5, 2023
  • Four people sitting at a table signing documents and a glass of wine in front of them.
    Image attribution tooltip

    Courtesy of Hyundai Motor Group.

    Image attribution tooltip

    Hyundai, LG Energy to invest additional $2B in Georgia battery cell plant

    The latest investment adds to the $4.3 billion commitment announced in May and will create 400 more jobs.

    By Sara Samora • Sept. 5, 2023
  • UAW president Shawn Fain speaks with Stellantis workers at the automaker's Sterling Heights Assembly Plant in Michigan on July 12, 2023
    Image attribution tooltip
    Bill Pugliano via Getty Images
    Image attribution tooltip

    UAW accuses GM, Stellantis of unfair labor practices

    The union filed an unfair labor practice complaint with the National Labor Relations Board over its contract talks with the two automakers. However, it did not file a complaint against Ford.

    By Sept. 1, 2023
  • Image attribution tooltip
    Drew Angerer/Getty Images via Getty Images
    Image attribution tooltip

    Energy Department announces $15.5B to support EV transition, grow domestic battery manufacturing

    The Biden administration is rejecting “the false choice between a good job and a green job,” United Auto Workers President Shawn Fain said in a statement.

    By Robert Walton • Sept. 1, 2023
  • Polestar 3 prototype.
    Image attribution tooltip
    Courtesy of Polestar Automotive
    Image attribution tooltip

    Polestar Q2 vehicle deliveries up 36%

    Fewer supply chain disruptions and lower raw material costs helped the electric automaker post a 16% year-over-year increase in revenue.

    By Aug. 31, 2023
  • Ford Oakville Electric Vehicle Complex.
    Image attribution tooltip
    Courtesy of Ford Canada
    Image attribution tooltip

    Ford targeted by Unifor in Big Three negotiations

    After the union reaches an agreement with Ford, it will use that contract to renegotiate with General Motors and Stellantis.

    By Aug. 30, 2023
  • A Future Made in America sign is seen as U.S. President Joe Biden stands in a manufacturing demonstration area at United Performance Metals on May 6, 2022 in Cincinnati, Ohio
    Image attribution tooltip
    Jon Cherry / Stringer via Getty Images
    Image attribution tooltip

    Inflation Reduction Act: mapping the manufacturing law’s impact 1 year later

    Investments focused on electric vehicle or battery manufacturing represented more than 60% of the publicly announced projects linked to the IRA.

    By Kate Magill , Aug. 28, 2023
  • Electric vehicles at an EV charging station.
    Image attribution tooltip
    EXTREME-PHOTOGRAPHER via Getty Images
    Image attribution tooltip

    California clean vehicle rebate program expands statewide

    The state's rebate incentives will help lower-income consumers access electric and fuel-cell vehicles.

    By Dan Zukowski • Aug. 28, 2023
  • United Auto Workers President Shawn Fain at the Stellantis Sterling Heights Assembly Plant in Michigan.
    Image attribution tooltip
    Bill Pugliano/Stringer/Getty Images North America via Getty Images
    Image attribution tooltip

    UAW members overwhelmingly approve strike at GM, Ford, Stellantis

    The United Auto Workers said 97% of the 150,000 union workers employed by the Big Three voted to walk off the job if the sides can’t make a deal.

    By Aug. 25, 2023