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Category Archives: economy
September Global Light Vehicle Sales Grow But Rate Slows
The US, Western and Eastern European countries all registered double digit YoY growth, partly due to the COVID plague year of 2022 being a weak base and also because of an alleviation in supply-side issues. Chinese sales grew 5.7%, helped by a booming export sector, while the domestic market was helped by personal income tax cuts and price reductions across automakers, according to GlobalData Light Vehicle Sales Forecasting Team. Continue reading
Bill Ford Asks UAW to Choose His View of the Right Path
“We can stop this now and I call on my great UAW colleagues, some of whom I’ve known for decades, many are close personal friends. We need to come together to bring an end to this acrimonious round of talks. I still believe in a bright future, one that we can build together. I still believe the automobile industry is a major force for good in our country and we will continue to be there when America needs us most. Continue reading
Posted in economy, financial results, manufacturing, people, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Executive Chair Bill Ford, ford motor, Ken Zino, Kentucky Truck Plant, ktp, Shawn fain, UAW 2023 contract talks
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Ford Thoughts on the UAW Strike at Kentucky Truck Plant
Ford Motor executives tonight presented their version of the latest developments in the 2023 UAW contract negotiations with a notable and commendable change in tone from the initial Ford response last night. Continue reading
Posted in AutoInformed Editorial, blog, economy, labor issues, manufacturing, news analysis
Tagged 2023 UAW Ford contract negotiations, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, Kentucky Truck Plant, Lincoln Navigator, Shawn fain, Super Duty
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Oh Canada! – GM Rejects Pattern Agreement – Unifor Strikes
“This strike is about General Motors stubbornly refusing to meet the pattern agreement. The company knows our members will never let GM break our pattern – not today – not ever,” said Unifor National President Lana Payne. “The company continues to fall short on our pension demands, income supports for retired workers, and meaningful steps to transition temporary workers into permanent, full-time jobs.” Continue reading
Posted in economy, labor issues, manufacturing, people
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, autoworkers 2023 contract talks, gm canada, Jason Gale, Ken Zino, Lana Payne, Oshawa Assembly, St. Catharines Powertrain, unifor, Woodstock Parts Distribution
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UAW Now on Strike at Mack Trucks in Three States
Mack Trucks and the UAW reached a tentative agreement minutes before the initial deadline on 1 October. UAW leadership recommended that members approve the deal. On Sunday 8 October Mack Trucks’ UAW members rejected the contract. UAW leadership then issued a strike notice to the company, citing “many topics [that] remain at issue, including wage increases, cost of living allowances (COLA), job security, wage progression, skilled trades, shift premium, holiday schedules, work schedules, health and safety, seniority, pension, 401(k), healthcare and prescription drug coverage, and overtime.” Continue reading
Automakers Want US Taxpayer Subsidies for Aluminum
The letter was published on a website and in full page ads in five newspapers: The Albany Times-Union, The St. Louis Post-Dispatch, The Louisville Courier-Journal, the South Carolina Post and Courier, and the Indianapolis Star. Not coincidentally each newspaper is in a market with one of the remaining six primary aluminum smelters. The letter was also accompanied by a digital ad campaign and mobile takeover on Politico. The power of big special interest money is once again in play, and at least this time subject to public scrutiny and challenges by some as socialism or woke-ism for the one-percenters. Continue reading
GM Posts 21% US Q3 Sales Increase
General Motors (NYSE: GM) today posted strong Q3 sales results in the US with 674,336 vehicles sold and a market share gain of ~1%. There was a 16% retail sales increase year-over-year. The strong results were centered around its thriving truck and SUV lines, which fully participated in the ongoing Biden Administration economic recovery. Continue reading
Census Bureau Releases Data on US Fleet after 18 Year Gap
The US Census Bureau today released data on the nation’s inventory and use of selected vehicles. The Vehicle Inventory and Use Survey (VIUS) is a collaboration with the Department of Transportation, Bureau of Transportation Statistics and Federal Highway Administration, the Department of Energy; and the Census. For automakers it contains a wealth of data about miles driven, fuel economy and actual use patterns, which are key to product development, marketing, corporate forecasting, among other things. Continue reading
Posted in economy, environment, fuel economy or emissions, news analysis, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, data for transportation and air quality models, economic Role of motor vehicles, Emissions studies, Energy efficiency of vehicle fleets, Freight movement, Highway cost allocations, Ken Zino, operational characteristics of vehicles, tracking the deployment of driver-assistance technology, Vehicle Inventory and Use Survey, Vehicle size and weight, VIUS
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President Biden on UAW Picket Line Backs Wage Bids
The crowd was extremely vocal in its support, even though the UAW estimates that one-third of its members voted for a wealthy east-coast elite candidate who became one-term President Trump after, among other things, he put in place anti-labor policies and destroyed the economy breaking his campaign promises. While the UAW hasn’t endorsed Biden thus far, the 2024 Presidential candidate the union emphatically said it won’t endorse is the 91-count indicted, twice-impeached ex-president. Continue reading
Brand Loyalty Down Again for New Vehicles
“As vehicle availability increased and more choices hit the market for consumers, loyalty among brands as a whole saw a decline this year,” said Tyson Jominy, vice president of data & analytics at J.D. Power. “Additionally, owners were tied down to their vehicles for longer than normal due to ongoing supply chain disruptions, and as a result were more likely to experience problems with their vehicles.” Continue reading
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 →