Category Archives: mobility company

Toyota Posts FY2024 Q2 Net Income of $18.4 Billion

“We are grateful for the support of many stakeholders, from production to logistics, sales, and services, including suppliers. As a result of selling each car meticulously at prices that match the product appeal refined through Toyota’s ‘making ever-better cars’ initiative, operating income increased from the same period of the previous fiscal year,” Toyota said. Continue reading

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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

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Ford EV Charging Network Grows by 25%

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

“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

“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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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

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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

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GM Earns $3.6 Billion in Q3 2023

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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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

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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

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Toyota Adopts the Tesla North American Charging Standard

Toyota and Lexus customers will have access to more than 12,000 Tesla Superchargers in North America. Toyota and Lexus will incorporate North American Charging Standard (NACS) ports in some new Toyota and Lexus battery electric vehicles (BEVs) starting in 2025 to eliminate the need for what are sometimes awkward adapter plugs in AutoInformed’s experience. Continue reading

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Stellantis Pulls Out of Electronics Show to Cut Costs

In a terse statement this morning from Amsterdam,  Stellantis (NYSE: STLA) said “as the costs of the ongoing UAW strikes against Stellantis continue to mount, the Company has decided to cancel its planned display and presentations at CES® 2024.” It was scheduled to appear there during January 2024 in Las Vegas, Nevada. Continue reading

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Honda Autonomous Vehicle Test at Toronto Pearson Airport

“Our Honda Autonomous Work Vehicle has been verified to help improve worksite efficiencies and safety through previous field tests, so we’re ready to move to the next stage of exploring real world applications with airfield operators,” said Jason VanBuren, systems engineering manager at American Honda Motor Company. Continue reading

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BMW i Ventures Invests in Formant Robotics Data Platform

“Autonomous robotic systems have broken free from R&D departments and are now being deployed at scale to drive business outcomes and resilient operations,” said Kasper Sage, Managing Partner at BMW i Ventures. “Their proliferation across mission-critical functions as well as support tasks for humans in various industries underscores the urgent need for seamless data management and orchestration across robotic endpoints. Formant is the operating system underpinning the future of the automated enterprise.” Continue reading

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Stellantis, Samsung SDI Pick Kokomo for Second Gigafactory

Stellantis has announced plans of reaching a 100% passenger car battery electric vehicle (BEV) sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. To achieve these ambitious sales targets, the Stellantis said it is securing ~ 400 GWh of battery capacity, at what are planned to be non-union facilities. Stellantis, which was created by a mega-merger of Fiat Chrysler (FCA) Renault and Peugeot, thus far is taking a ‘let them eat cake’ position with the unions. This is a high risk strategy, because the unions are sticking to their knitting, so to speak. Sean Fain, the head of the UAW has roots in Kokomo Continue reading

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