Category Archives: results

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

“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

“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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EPA Approves California Regulation of Ocean-Going Vessels

“California’s At-Berth regulation is an important step in continuing to modernize the state’s ports with the technology that will advance a clean air future,” said Dr. Steven Cliff, CARB’s Executive Officer. “The emissions reductions and public health benefits that will come from cleaner operations are also a relief for communities alongside the state’s ports that deal with the burden of pollution from multiple sources, including vessels.” Continue reading

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EPA – Lead Emissions from Aircraft Cause Air Pollution 

“The science is clear: exposure to lead can cause irreversible and life-long health effects in children,” said EPA Administrator Michael S. Regan. “Aircraft that use leaded fuel are the dominant source of lead emissions in our air. With today’s action, the Biden-Harris Administration can move forward in the process to propose new standards to protect all communities from the serious threat of lead pollution from aircraft.”  Continue reading

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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

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Ford Recalls Explorer SUVs for Loss of Power, Rollaways

Ford Motor Company is recalling ~240,000 2020-2022 model year Explorer SUVs because the rear axle horizontal mounting bolt may fracture and cause the driveshaft to disconnect. This leads to a sudden loss of power or vehicle roll-away if the parking brake is off. This is an expansion and correction of two previous recalls.* Ford’s previous recall repair was to add a software update that automatically applies the electronic service parking brake to keep the vehicle from rolling away in the event of a driveshaft failure. However, there is no safety remedy addressing the failed rear axle horizontal mounting bolt. Continue reading

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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

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Canadian Unifor Members Approve GM Pattern Agreement

“I am proud of our members at General Motors for their solidarity throughout their brief but decisive strike action and for ratifying this contract that contains life-changing improvements,” said Unifor National President Lana Payne. “This agreement reflects true collective bargaining. Our goal was to bring more fairness and equity to auto workplaces and to lift everyone up. We did that.” Continue reading

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Unifor GM Master Bargaining Agreement Voting Underway

Under the succinct heading of “A Pattern Worth Fighting For,” Unifor has released to its Canadian autoworker members the GM Master Bargaining Agreement, recommending that the membership vote to approve it this weekend. Significantly, General Motors has committed to a moratorium on facility closures over the life of the collective agreement by amending and renewing the existing Letter of Understanding. Continue reading

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UAW Shifts Tactics – No New Strike Actions Today

Shawn Fain in a Facebook Live broadcast this morning once again caught the Detroit Three Automakers napping when he said “We’re entering a new phase of this fight, and it demands a new approach. We’re not announcing expansion of our strike, but we are prepared at any time to call on more locals to stand up and walk out… So tomorrow, I’m calling all of our UAW members and our allies to head to a picket line,” in a show of support for all workers. Continue reading

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Chrysler Recalls ~273,000 Ram Pickups for Software Glitch

The recalled Ram trucks began  production on 25 June 2021, when the first 2022 MY vehicle was produced, and ended on 2 August 2023, when vehicles were no longer built with an incompatible rear-view camera system and radio combination. Similar vehicles not included in this recall are equipped with a compatible rear-view camera and radio combination or were built after the suspect period. Continue reading

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Nissan Recalls All 2023 Ariya EVs for Sudden Power Loss

Nissan North America is recalling all 2023 Ariya crossover electric vehicles. The inverter software may detect a short circuit and shut down the EV system, resulting in a loss of drive power. The latest programing glitch with EVs was made … Continue reading

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September 2023 European Passenger Car Sales Drop

“All the top five Western European markets continued to experience double digit YTD growth over the weak performances seen in 2022. However, generally across the region, economies still face challenging conditions with high inflation and high financing costs. We continue to forecast solid growth for the full year, with 2023 set to be the best year since 2019,” said the European Light Vehicle Sales Forecasting Team. Continue reading

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GM Employees in India Start Hunger Strike

The GM employee’s union in India started “an indefinite relay hunger strike” on 2 October, demanding that the workforce of General Motors’ Talegaon plant be absorbed by Hyundai Motors India as the plant is sold. General Motors Employees Union in … Continue reading

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