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- Penske Automotive Group Posts Q2 2026 Earnings Decline
- Ford Motor Posts Q2 2026 Net Loss of $1.3B
- Magna to Supply Chery with 800V 2-Speed eDrive
- Bosch Fuel-Cell System Begins Testing in Madrid
- Stellantis Sells Free2move to a Private Equity Firm
- CAR on King Trump’s Tariff and Trade Policies
- Non-Binding ‘cellcentric’ Fuel Cell Agreement Moves Ahead
- Ford Motor Recalls ~566,000 Broncos for Wiring Harness Fires
- Autokiniton Workers in Milan, Michigan Vote to Join the UAW
- Financing Costs Ease a Tad But Payments Set July Record
- EPA Certifies Higher Estimated Range for 2027 Volvo EX60
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- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
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Teamsters Union Agrees with UPS on New Contract
The Teamsters said today that it has reached what it called “the most historic tentative agreement for workers in the history of UPS, protecting and rewarding more than 340,000 UPS Teamsters nationwide.” The contract raises wages for all workers, creates more full-time jobs, and includes dozens of workplace protections and improvements. The UPS Teamsters National Negotiating Committee unanimously endorsed the five-year tentative agreement. The agreement increases the pressure on automakers to settle with the UAW under the ongoing contract negotiations. Continue reading →