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Category Archives: manufacturing
Stellantis Posts Q3 Sales Up 37%. Pre-Tax Profit €3B
Stellantis* today posted a pre-tax operating profit of €3 billion. The company that is partly comprised of Jeep, Dodge Jeep and Ram said the strikes cost it around €750 million. However the strikes – characterized as “work stoppages”- resulted in … Continue reading
Posted in economy, financial results, manufacturing, marketing, news analysis, results
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, chrysler, Controlled Thermal Resources, Dodge Fiat, fca, Jeep and Ram, Ken Zino, Natalie Knight, Stellantis Q3 2023 results, STLA
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Unifor Stellantis Agreement Good for All Workers in Transition
“After a short strike throughout the night Unifor has reached now a tentative agreement with Stellantis. The deal came about around 7:00 AM this morning, after bargaining throughout the night. And yes, as you can tell all of those here are tired, but also very, very proud of the work that we’ve done for Canadian auto workers. ” said Unifor National President Lana Payne said late this afternoon at a hotel in Toronto. Continue reading
Posted in auto news, AutoInformed Editorial, customer satisfaction, economy, environment, labor issues, manufacturing, milestones, mobility company, news analysis, people, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, economy, James Stewart, Ken Zino, labor issues, Lana Payne, manufacturing, milestones, Mobility Company, news analysis, Unifor Stellantis 2023 contract agreement.
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Unifor and Stellantis Have Tentative Contract in Canada
“I am proud of our members at every Stellantis facility for their quick and decisive action during this brief and effective strike action,” said Unifor National President Lana Payne. “This agreement will considerably improve the living standards of every Unifor member at Stellantis.” Continue reading
Stellantis Invests in Chinese Leapmotor to Expand EV Sales
“As consolidation unfolds among the capable electric vehicles start-ups in China, it becomes increasingly apparent that a handful of efficient and agile new generation EV players, like Leapmotor, will come to dominate the mainstream segments in China,” said Stellantis CEO Carlos Tavares. Continue reading
Posted in electric vehicles, manufacturing, milestones, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Dare Forward, Ken Zino, Leapmotor, Zhejiang Leapmotor Technologies Ltd, Zhu Jiangming
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Ford Reaches UAW Contract Agreement If Members Vote Yes
“We are pleased to have reached a tentative agreement on a new labor contract with the UAW covering our U.S. operations,” said Ford CEO and President Jim Farley at 8:43 pm tonight in a Dearborn issued statement.
The agreement, of course is subject is dependent on ratification by Ford’s UAW-represented employees. Continue reading
Posted in economy, labor issues, manufacturing, milestones, mobility company, people, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, big three 2023 uaw contract negotiations, Jim Farley, Ken Zino, Shawn fain, stand up strike, uaw, UAW Vice President Chuck Browning, Walter Reuther
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Stellantis and Orano Explore EV Battery Recycling Deal
Key to the deal appears to be Orano’s low-carbon technology, which differs from existing processes, allowing the recovery of all materials from lithium-ion batteries, and the manufacturing of new cathode materials. The joint venture will produce materials also known as “black mass” or “active mass.” This can be refined in Orano’s hydro-metallurgical plant to be built in Dunkirk, France, so that the materials could be re-used in batteries. Continue reading
Posted in electric vehicles, environment, manufacturing, mobility company, transportation
Tagged Alison Jones, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Guillaume Dureau, Ken Zino, lithium ion batteries, NYSE: STLA, Orano group, reclaimed cobalt and nickel and lithium
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GM Increases Contract Offer for UAW Members
General Motors said today that it has provided a comprehensive offer to the UAW yesterday with “substantial movement in all key areas in an effort to reach a final agreement with the UAW and get our people back to work.” Gerald Johnson, executive vice president manufacturing and global sustainability, in a video told GM UAW members “the offer on the table is the most significant that GM has ever proposed to the UAW and recognizes our team members for all their dedication and contributions. The majority of our workforce will make $40.39 per hour, or roughly $84,000 a year by the end of this agreement’s term. We also continue to provide world-class health care with no out-of-pocket premiums or deductibles for seniority team members.” Continue reading
Made In CA and US – Honda Civic Hybrid Back Next Year
The Civic hybrid will join CR-V and Accord in Honda’s expanding hybrid-electric line-up as a 2025 model. Civic hybrid production will start with the sedan in Canada, followed by the hatchback in Indiana; the two-motor hybrid electric system is made in Ohio. Continue reading
Posted in manufacturing, marketing, mobility company
Tagged 2025 Civic hybrid, Alliston Ontario, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Honda and LG Energy Solution, Honda Canada, Honda of Canada, Honda US, Ken Zino, Marysville Auto Plant, Roxanna Metz
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Unifor Starts Stellantis Talks Tomorrow. Strike Deadline 29th
“Our union is looking forward to this next, and final round of talks with the Detroit automakers to secure the terms of our Canadian pattern and to make important additional gains on various Stellantis-specific workplace issues,” said Unifor National President Lana Payne. “We also have the added challenge of negotiating future product commitments for the Brampton Assembly plant that secures a future for all of our Stellantis members in the EV transition.” Continue reading
Chinese Vehicle Market Sales Strong in September
“We expect sales to remain strong in the coming years. This month we have again increased our full-year 2023 forecast, this time by 300,000 units, bringing the full-year forecast to 28.9 million units, a year- on-year increase of 8%. However, it should be noted that near-term downside risks exist, mainly from the liquidity crisis in the real estate sector – said to directly and indirectly account for 25% of GDP- declining exports, and high youth unemployment,” said the GlobalData Forecast Team. Continue reading →