Category Archives: results

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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CARB Expands Community Air Protection Program

Posted on 27 October 2023 by Ken Zino

“Blueprint 2.0 is an example of equity-driven innovation that puts a spotlight on the environmental challenges that overburdened communities face and engages residents so that solutions are informed by their priorities and needs,” said CARB Chair Liane Randolph. “With today’s vote, we expanded the tools that residents have to work toward cleaner air and healthier communities.” 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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Zero-Emissions Truck Sales Soar in California

Posted on 24 October 2023 by Ken Zino

“The report makes several important points: users are interested in adopting zero-emissions technology; several manufacturers are stepping up to meet that market interest; and the flexibility that we built in to allow for a phased-in transition toward a zero-emissions future is working,” said Dr. Steven Cliff, CARB’s Executive Officer. “Helping the businesses that rely on trucks to transport goods across the state switch to zero emissions is key to achieving a clean air future, and the data show that progress is well underway.” 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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Toyota Hydrogen Road Service Vehicle at Motegi

Posted on 20 October 2023 by Ken Zino

“When we were first approached, the project only entailed the hydrogen module. However, from the perspective of JAF’s operations, we informed Toyota that running out of fuel was a relatively rare problem, while the most common issues are tire-related, “said General Manager Koso Takeda, JAF Road Service Division. “From there, the conversation turned to creating an all-in-one vehicle with the equipment to carry out JAF tasks. Before the day was out, people from Toyota visited our offices to measure sizes, and proceeded to build it.” Continue reading →

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