Fed leaves rates unchanged, acknowledges economy is ‘strong’

Fed leaves rates unchanged, acknowledges economy is ‘strong’

For the auto industry, interest rates were the top issue cited by franchised dealerships during...

Nonunion Toyota boosts hourly wages 9.2%, cuts progression time as UAW votes await

Toyota Motor North America told its nonunion production workers Tuesday that the company was boosting...

1November 2023

Mercedes E-Class Estate line-up topped by £78,835 PHEV

The new E-Class Estate will be sold alongside the new seventh-generation saloon New E-Class Estate...

Dealer registration opens for EV tax credits

Dealers must be registered on the newly launched IRS Energy Credits Online portal for their...

VW not planning next gigafactory site at present, Blume says

VW Group has already selected sites in Salzgitter (Germany), Valencia (Spain), and St. Thomas (Canada),...

1November 2023

New 2024 Skoda Superb to be revealed tomorrow

The car’s exterior design was previewed in a series of new sketches Flagship estate and...

Column: Winners, losers in the UAW’s deal with Ford

UAW President Shawn Fain delivered contracts that give workers unprecedented raises and save or reopen...

Battery startup ONE begins making its own cells in metro Detroit

Our Next Energy Inc., the Novi-based battery startup led by Apple Inc. veteran Mujeeb Ijaz,...

1November 2023

Lack of diversity threatens future of automotive engineering

Diversity leads to more innovative solutions, says the Royal Academy of Engineering Royal Academy of...

UAW strike trims $795M from Stellantis profits while revenue increases

Higher volumes, stable pricing and improving logistics helped Stellantis reduce the damage of the UAW’s...

Toyota downgrades EV forecast in quest of record profits; quarterly net income nearly triples

Riding an upswing in all-time-high quarterly earnings, Toyota downgraded its outlook for EV sales but...

Hyundai, Kia U.S. sales edge up in October

U.S. new light-vehicle sales are forecast to rise 3 to 4 percent in October, according...

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