Autoworkers at Volkswagen’s Chattanooga plant* have won a historic tentative agreement with the company. After making history as the first Southern autoworkers outside the Big Three to join the UAW, the 3200 workers at Volkswagen Chattanooga have won a tentative contract deal late last night that provides 20 % across-the-board wage increases, as well as “affordable health care, real job security, and more.”
“For years, Chattanooga workers were told to settle for less while Volkswagen made record profits. So, the workers stood together and won their union—and now they’ve secured a life-changing first agreement,” said UAW President Shawn Fain. “This deal proves what happens when autoworkers stand up and demand their fair share. People said Southern autoworkers could never form a union or win a union contract. Volkswagen workers in Chattanooga said, ‘Watch this.’” Continue reading
Toyota Motor Posts Q3 FY 2026 Net Income of $7.6 billion
Click for more.
Toyota Motor Corporation (NYSE: TM, 7203T) today announced Q3 FY 2026 results. Sales revenues were ¥38 trillion, 87.6 billion yen; Operating income was ¥ 3 trillion, 196.7 billion. Income before income taxes was ¥4 trillion, 188.4 billion. Bottom line – a net income of ¥3 trillion, 30.8 billion ~$7.6 billion for the undisputed largest global automaker.* During 2025 TMC set records for global and group sale. I has now raised it yearly forecast. **
“In Japan, operating income decreased due to factors such as the effects of foreign exchange rates and increased expenses. In North America, operating income decreased due to U.S. tariffs. Other regions saw an increase in operating income thanks to increased sales volume, model mix and other factors,” said Kenta Kon, Chief Financial Officer, TMC. [Kon will take over from chief executive Koji Sato on 1April. “This change in roles is intended to accelerate management decision-making in response to changes in the internal and external environment,” Toyota said in a release. Sato becomes vice chairman with a newly created position of chief industry officer. – AutoCrat.] Continue reading →