The halt in vehicle production at General Motors [NYSE: GM] plants on Sept. 16 over a labor dispute is expected to have ripple effects throughout the automakers’ supply chain, but experts say the severity of any business interruption will depend on the duration of the strike by the United Auto Workers. The most immediate casualty […]
The engine displacement in Class 8 commercial tractors is expected to drop in coming years as stricter federal emissions standards take effect in the next decade.
Navistar is the first to slow production lines for new trucks. It is targeting medium-duty units because inventories are up 30 percent year over year.
Cowen analyst Jeffrey Osborne has raised his estimate for Workhorse Group Inc. shares from $2.00 to $4.00 based on the company beginning production in the fourth quarter of more than 1,100 lightweight electric-powered NGEN vans.
For the first time, Workhorse Group is tying the possibility of a huge contract with the U.S. Postal Service to the acquisition of General Motors Lordstown, Ohio assembly complex.
The saga of the closed General Motors Lordstown plant continued with Vice President Mike Pence erroneously declaring that Workhorse Group Inc. had secured funding to buy the plant.
Mexican factories exported a record-breaking 1.74 million vehicles worldwide during the first six months of 2019. The majority of those vehicles – 1.37 million – were shipped north across the border to the United States, according to data recently released by Mexico’s Asociacion Mexicana de la Industria Automotriz (AMIA). “The United States remains, without a […]
Workhorse Group secured $25M in funding to help finalize development of its NGEN electric delivery vehicle.
Michelin rolled out its new high-tech airless tire at the kick off of the Movin’On Summit for sustainable mobility on June 4.
GM closed its Lordstown Complex on March 5, 2019, but it could see new life as the company is negotiating with Workhorse, which would build electric pickups in the facility.
U.S.-China trade tariffs war is heating up; Asian oil importers have not stopped importing oil from Iran; Uber has a staunch rival in Ola across the Indian market.
Uber and Waymo are admitting they don’t want to commit the resources necessary for autonomous tech to be commercially viable.
Uber spends over $1 billion every year on Waymo; Lyft is nearing its IPO; Fiat recalling 863,000 cars due to emissions issues.
TechCrunch reports that SoftBank, a Japanese multinational holding group, has led a $940 million investment in autonomous delivery startup Nuro.
The compensation is contingent on the company going public or changing ownership, according to GM’s annual 10K filing with the U.S. Securities and Exchange Commission.
General Motors plans to go all-electric in the future but does not expect profits until early next decade; Amazon is all set to move into the last-mile delivery segment; Tesla and Mercedes-Benz might collaborate over electric van development.
Universal and other carriers with exposure to automotive verticals face impact of GM plant shutdowns.
If staying healthy in the car manufacturing industry and supply chain labor force wasn’t complicated enough, there is still the matter of the $51 billion bailout that the American taxpayer paid to save GM a decade ago.
The credit rating agency says that well-capitalized, risk-sharing joint ventures between incumbent automakers have the best chance of successfully bringing AV products to market safely and at scale.
As Trump continues to ramp up protectionist tariff talk and suggesting that imported autos and auto parts will be next, the U.S. auto industry is collectively saying, thanks, but no thanks.
