Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.
Research from WSP and the Environmental Defense Fund research reveals that 56% of announced EV spending during the past eight years occurred after the 2022 passage of the federal Inflation Reduction Act.
The United Auto Workers contract with the Detroit Big 3 automakers expires Sept. 14 as new inventory remains 68% above last year's level.
On July 28, VinFast officially broke ground at its electric vehicle manufacturing site, located in Chatham County, North Carolina, near Raleigh, the state capital.
VinFast broke ground at its electric vehicle manufacturing site in Chatham County, North Carolina, near Raleigh, the state capital. The ceremony marked a major milestone for VinFast's global expansion and North American supply chain development.
Combined sales into large rental, commercial, and government buyers were down 36% year over year in January.
The move is part of the Ford+ plan and will generate 1,250 new jobs and focus on the next-generation Ford Ranger pickup and Ford Everest SUV vehicles.
The shutdowns come to fight the spread of COVID-19/coronavirus after workers at multiple plants tested positive.
Volkswagen de Mexico announced a new investment of $118 million to mark the start of the second stage of its engine plant located in the Guanajuato Puerto Interior industrial park.
CHATTANOOGA, TN - According to Volkswagen, more than 2,000 employees will produce up to 150,000 vehicles per year. The automaker said it will be building the U.S. version of its Passat at this plant.
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