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Automotive: Page 47

Ford, UAW Reach Tentative Collective Bargaining Agreement

Sources said the union and Ford took part in intense negotiations on October 24 and 25 in order to get a deal finalized.

Photo: iStock.com/Wirestock

GM, Honda Nix $5B Plan to Co-Produce Cheaper EVs

Honda and GM agreed to develop lower-priced EVs based on a joint new platform in April of 2022 with the hope of producing millions of cars by 2027.

Photo: iStock.com/sarawuth702

Meeting Electric Vehicles’ Increasing Demand for Rubber

The global demand for rubber is increasing. That’s a problem for all automotive manufacturers, but especially for electric vehicle producers.

Photo: iStock.com/PAVEL IARUNICHEV

An EV Talent Gap Will Weaken the U.S. Battery Supply

America’s battery supply chain is still in development, but to ensure its resilience and reliability will call for best-in-class professionals.

Photo: iStock.com/Fahroni

UAW Strike Forcing Some Suppliers, Automakers to Make Layoffs

Roughly 40% of suppliers said they have had to lay off some employees since the work stoppages started in September.

Photo: iStock.com/jetcityimage

UAW Strikes Stellantis’ Michigan Truck Plant; 6,800 Walk Out

The UAW’s selective strike strategy has been successful in preserving its strike fund, which implies that the UAW can continue the current pace of strikes for 36 more weeks.

Photo: Bloomberg

China to Limit Exports of Graphite to Protect National Security

Under the rule, which will be enforced starting December 1, exporters will have to apply for permits to ship two different types of graphite.

Photo: iStock.com/Dziggyfoto

NIC Urges the U.K.'s Biggest Cities to Introduce Congestion Charges

The National Infrastructure Commission asked the government to invest over $26.7 billion in public transportation systems in Manchester, Leeds, Bristol and Birmingham.

Photo: iStock.com/yevtony

Volta Trucks Files for Bankruptcy Following Supply Chain Breakdowns

The decision to file for bankruptcy comes just two months after the organization’s battery supplier, Proterra Inc., also filed for bankruptcy.

Tysons, Virginia. Photo: iStock.com/Evgenia Parajanian

Rolls-Royce Eliminating 2,500 Jobs Globally to Cut Costs

Though Rolls-Royce did not specify what parts of the world would be impacted by these job cuts, reports suggest that hundreds of U.K.-based workers will be affected by these reductions.

Brussels, Belgium. Photo: iStock.com/Bombaert

How Will 2023’s Peak Season Compare to Others?

If businesses fail to get rid of their supplies, they will be forced to refinance all their debt at much higher interest rates.

Photo: iStock.com/ake1150sb

Ford Calls on UAW to Cease ‘Acrimonious’ Strike

Bill Ford warned October 16 that the longer the strikes last, the more it helps non-union competitors such as Toyota Motor Corp., Honda Motor Co. and Tesla Inc.

Shawn Fain walks with demonstrators during a UAW practice picket outside the Stellantis Mack Assembly Plant in Detroit on Aug. 23. Photo: Bloomberg

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