EVs create profit potholes for major US automakers GM, Ford
The electric vehicle push by Ford and General Motors cut into both companies' profit margins which has the automakers revising some of their EV plans to rein in costs.
UAW to start ratification process for Ford contract as GM talks continue
The United Auto Workers union is starting its internal ratification process for its tentative deal with Ford while the union expands its strike against GM, citing a lack of progress.
Federal regulations cost small manufacturers $50K per employee
A report by the National Association of Manufacturers found that the annual regulatory cost per employee for manufacturers is more than double the economy-wide average.
Boeing slashing 737 deliveries on quality issue
Boeing said it is reducing deliveries of its popular 737 Max jet this year after spotting a quality issue involving the aircraft’s pressure bulkhead. Still, the planes remain cleared to fly.
GM losing $200M a week on UAW strike
General Motors pulled its profit and EV guidance for 2023 as costs related to the UAW strike now reach $200 million every week, the automaker confirmed.
Rolls-Royce cutting up to 2,500 jobs to improve efficiency
Rolls-Royce is reducing its global staff by 2,000 to 2,500 employees to create a more agile business, the company, which employs 6,000 Americans, said Tuesday.
Elon Musk wants to ‘temper expectations’ on Tesla Cybertruck; thinks it’s ‘our best product ever’
Tesla CEO Elon Musk said that he wants to temper expectations about the EV-maker's Cybertruck because it will take time to scale production at volume while considering cash flow.
Tesla to recall nearly 55,000 Model X vehicles over brake fluid detection issue
NHTSA said Tesla will recall 54,676 Model X vehicles made between 2021 and 2023 due to the vehicle controller failing to detect low brake fluid and not displaying a warning light.
Ford recalling more than 238K Explorers over driveshaft issues
Ford is recalling 238,364 Explorers from the model years 2020 through 2022 because the rear axle mounting bolt on some vehicles may fracture and cause the driveshaft to disconnect.
Ford's Kentucky Truck Plant crown jewel for UAW
The United Auto Workers' strike at Ford Motor Co.'s plant in Louisville, Kentucky, will deal a major blow to the automaker. The facility is Ford's largest and most profitable.
AI threatens blue-collar jobs, too
Generative AI tools have been seen as a significant threat to many white-collar jobs for the past year, but blue-collar workers in manufacturing are at risk, too.
Elon Musk shares Tesla's Cybertruck test
Tesla shared a new video of the highly anticipated Cybertruck as it rode one of the most challenging routes in the world ahead of the automaker's release of the vehicle expected sometime this year.
Altana using AI to map and analyze global supply chain with launch of next-gen Atlas
Altana launched the newest version of its Atlas, an AI-powered map of the global supply chain used by companies and government agencies to monitor the flow of goods and their inputs.
September jobs breakdown: Which industries are hiring the most workers?
Job growth was stronger than expected in September, thanks to a flurry of hiring by state and local governments, bars and restaurants and doctors' offices.
GM estimates a $200M loss since UAW strike began
General Motors confirmed an estimated $200 million loss since the beginning of the United Auto Workers strike against GM, Stellantis and Ford on Sept. 15.
GM secures $6B line of credit as UAW strike drags on
GM secured a $6 billion line of credit on Wednesday through JPMorgan, two days after laying 164 workers amid the ongoing United Auto Worker strike, now in its 20th day.
Prada partners to make spacesuits for NASA's Artemis III lunar mission
Prada will collaborate with spaceflight services startup Axiom Space to design the next spacesuit for NASA astronauts in the Artemis III mission, the companies said.
Regulators expand investigation into 700K Ford trucks, SUVs over engine issues
U.S. safety regulators are widening a probe into certain Ford and Lincoln truck and SUV models built with a faulty valve that can lead to catastrophic engine failures.
Tesla reports dip in production, deliveries in 3rd quarter
Tesla reported third-quarter vehicle production and delivery numbers, posting dips in both categories from the previous period due to planned downtimes for factory upgrades.
Hyundai and Kia recall over 3M vehicles due to fire risk, urge owners to park outside
Hyundai and Kia announced a combined recall of 3.37 million vehicles after the automakers said electrical shorts in impacted vehicles could cause fires.