Category Archives: auto news

Ford Performance Parts, Packages – Mustang, Bronco, Ranger

Posted on 31 October 2023 by Ken Zino

Ford Performance Parts (NYSE: F) is showing what it calls “concept packages” today at the SEMA Show that will be available to customers starting in 2024. They were created in response to customer feedback, Ford said. The packages will be available via the Ford Performance Parts website or through a dealer accessory counter. Pricing for each package will be revealed nearer each package’s on-sale date, while either a Ford dealer or ASE-certified shop can perform the installation. Continue reading →

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Stellantis Posts Q3 Sales Up 37%. Pre-Tax Profit €3B

Posted on 31 October 2023 by Ken Zino

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 →

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UAW October Sweep – GM and UAW Tentative Agreement

Posted on 30 October 2023 by Ken Zino

“GM is pleased to have reached a tentative agreement with the UAW that reflects the contributions of the team while enabling us to continue to invest in our future and provide good jobs in the US,” said GM Chair and CEO Mary Barra, just minutes ago. Continue reading →

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Unifor Stellantis Agreement Good for All Workers in Transition

Posted on 30 October 2023 by Ken Zino

“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 →

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Ford EV Charging Network Grows by 25%

Posted on 30 October 2023 by Ken Zino

Ford Motor said today that customers can now access three new charging providers – Francis Energy, Blink and Red E across the US. and Canada with embedded charger routing and simple payment options via FordPass. The three new companies bring more than 10,000 new chargers to the network, including more than 550 new DC fast chargers. Blink, Francis Energy and Red E join the existing BlueOval Charge Network providers: Shell Recharge Solutions, Electrify America, EVgo, ChargePoint, FLO, EV Connect, and Electric Circuit for a total of ~106,000 charging stations. Continue reading →

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Unifor and Stellantis Have Tentative Contract in Canada

Posted on 30 October 2023 by Ken Zino

“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 →

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UAW has Tentative Agreement With Stellantis

Posted on 29 October 2023 by Ken Zino

“Once again, we have achieved what just weeks ago we were told was impossible,” said UAW President Shawn Fain. “At Stellantis in particular, we have not only secured a record contract, we have begun to turn the tide in the war on the American working class. Going into these negotiations, the company wanted to cut 5000 jobs across Stellantis. Our Stand Up Strike changed that equation. Not only did we not lose those 5000 jobs, we turned it all the way around. By the end of this agreement, Stellantis will be adding 5000 jobs. We truly are saving the American dream.” Continue reading →

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Stellantis Invests in Chinese Leapmotor to Expand EV Sales

Posted on 27 October 2023 by Ken Zino

“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 →

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Ford Motor 2023 Q3 Net income $1.2 Billion

Posted on 26 October 2023 by Ken Zino

“I’m very optimistic about the reality we’re creating with Ford+,” said President and CEO Jim Farley. “We’re building a more dynamic, highly talented and customer-focused company at the intersection of great vehicles, iconic brands, innovative software and high-value services.

“We’re also radically changing how we work with a series of actions that put the right people with the right capabilities in the right places across the organization, so that our promise isn’t masked by cost and quality issues,” Farley claimed. Continue reading →

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Consumer Spending Spree – October US Auto Sales

Posted on 26 October 2023 by Ken Zino

Total US new-vehicle sales during October 2023 are forecast to reach 1,201,800, a 6.6% increase from October 2022, according to numbers just released by J.D. Power and GlobalData.* The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 15.5 million units, up 0.9 million units from October 2022. Retail buyers are on pace to spend $43.7 billion on new vehicles, up $0.3 billion from October 2022. Continue reading →

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Ford Reaches UAW Contract Agreement If Members Vote Yes

Posted on 25 October 2023 by Ken Zino

“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 →

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Stellantis and Orano Explore EV Battery Recycling Deal

Posted on 24 October 2023 by Ken Zino

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 →

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GM Earns $3.6 Billion in Q3 2023

Posted on 24 October 2023 by Ken Zino

General Motors (NYSE: GM) today reported third-quarter 2023 revenue of $44.1 billion, net income attributable to stockholders of $3.1 billion and EBIT-adjusted of $3.6 billion on global sales of 981,000 vehicles.* The $3.6 billion includes ~$(0.2) billion of labor disruption impact, which was before the UAW struck GM’s most profitable plant this morning. Continue reading →

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UAW Strike at Arlington – GM’s Biggest, Most Profitable Plant

Posted on 24 October 2023 by Ken Zino

“Last week, we provided a comprehensive offer to the UAW that increased the already substantial and historic offers we have made by approximately 25% in total value. It is time for us to finish this process, get our team members back to work and get on with the business of making GM the company that will win and provide great jobs in the U.S. for our people for decades to come,” said GM. Continue reading →

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UAW On Strike at Stellantis Sterling Heights RAM Plant

Posted on 23 October 2023 by Ken Zino

The move comes just days after UAW President Shawn Fain detailed the current proposals across the automakers, highlighting the shortcomings of Stellantis’ current offer. Despite having the highest revenue, the highest profits (North American and global), the highest profit margins, and the most cash in reserve, Stellantis lags behind Ford and General Motors in addressing the demands of their UAW workforce. Currently, Stellantis has the worst proposal on the table regarding wage progression, temporary worker pay and conversion to full-time, cost-of-living adjustments (COLA), and more, UAW president Shown Fain told members in his weekly address. Thus far Stellantis has not commented. Continue reading →

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