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DETROIT – With a deadline for expanded strikes by the United Auto Workers against the Detroit automakers closing in, the “serious progress” called for by the union seems all too elusive. The UAW and General Motors, Ford Motor and Stellantis are all holding their ground on demands, and it appears likely the union will strike …
SHANGHAI — Chinese electric car brand Nio on Thursday released an Android smartphone, which the company expects at least half its users to buy, CEO William Li told CNBC in an exclusive interview ahead of the launch. The phone, priced from around $900 to $1,000, is an Android device that’s about $150 cheaper versus a …
Chinese EV maker Nio releases a smartphone it expects at least half of its users to buy Read More »
General Motors and Stellantis said they have laid off additional workers because of consequences related to the United Auto Workers strike. GM said in a statement Wednesday that it has halted production at its assembly plant in Fairfax, Kansas, because of a “shortage of critical stampings” that would have been supplied by its factory in …
Several Republican presidential candidates have gone on the attack against unions in response to the United Auto Workers strike, despite strong support for organized labor among the American public. Sen. Tim Scott of South Carolina on Monday said striking workers should be fired. Scott said he would emulate President Ronald Reagan, who terminated more than …
DETROIT – As the United Auto Workers union enters day six of targeted strikes against the Detroit automakers, General Motors President Mark Reuss is criticizing union leadership for its rhetoric and “flow of misinformation” during the ongoing contract negotiations. Reuss, in an editorial, focused on the union’s public bashing of the company and elements of …
GM executive slams UAW over 'flow of information,' rhetoric during strike Read More »
Ark Invest CEO Cathie Wood says she believes that Tesla is the “biggest AI opportunity in the world” today. “So we think it has miles to go, it has just started,” she told CNBC’s “Squawk Box Europe” on Wednesday. She says that Tesla’s autonomous taxi opportunity “is going to be a winner.” “So the first …
Cathie Wood says Tesla is the 'biggest AI opportunity in the world' today Read More »
DETROIT – Ford Motor avoided having to face labor strikes on both sides of the U.S.-Canada border Tuesday night, as the automaker and Canadian union Unifor announced a tentative deal covering 5,600 autoworkers in the country’s Ontario providence. The Detroit automaker and union announced the agreement — which must still be ratified by members — …
Ford avoids Canadian auto strike with Unifor union deal Read More »
DETROIT – Ford Motor‘s labor troubles could become an international issue that affects U.S. production of some pickup trucks, as Canadian union Unifor and the company have only hours to reach an agreement for roughly 5,600 autoworkers. The sides have to reach a deal before an extended 11:59 p.m. ET Tuesday deadline to avoid a potential strike. …
Ford barrels toward new Canadian strike that could affect F-Series pickup production Read More »
The Biden administration is no longer sending two key officials to Detroit this week to potentially help broker a deal between striking autoworkers and the Big Three car companies, a White House official told NBC News. President Joe Biden last week said he would dispatch White House senior advisor Gene Sperling and acting Labor Secretary …
White House no longer sending top officials to Detroit for UAW strike talks this week Read More »
Former Vice President Mike Pence argued Tuesday that the Biden administration’s push toward electric vehicles was to blame for the historic United Auto Workers strikes underway at the Big Three Detroit carmakers’ plants. “I guarantee you that one of the things that’s driving that strike is that Bidenomics and their green-energy electric-vehicle agenda is good …
