Tag Archives: general motors

IONNA Plans $250M Outlay in California EV Charging

IONNA* said today that is planning an outlay of more than $250 million in infrastructure across California during the next three years.**

“This week’s expansion into California is a snapshot of the national momentum IONNA has built in under a year’s time,” said Seth Cutler, Chief Executive Officer of IONNA. ‘IONNA Speed’ isn’t just about how quickly we grow, but also how we deliver, and the IONNA team consistently operates with a driver-first mentality to elevate the charging experience. Every new Rechargery reflects our commitment to providing the coverage, quality, and reliability our drivers deserve.” Continue reading

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Trump Tariffs Hit N.A. Automakers $1.389B

“Tariffs hit North American automakers hard in July,” said Patrick L. Anderson, Principal & CEO of Anderson Economic Group. “The automakers made extensive use of temporary allowances that effectively allowed an exemption for the majority of both parts and vehicles through June. That changed in July for assembled vehicles, and we can expect that these costs will become embedded into the prices consumers are paying in the very near future.” Continue reading

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Society of Automotive Analysts – New Board of Directors

The Society of Automotive Analysts (SAA) today announced its Board of Directors for 2025. Adam Bernard, Founder and Principal of AutoPerspectives, will serve as SAA president, while Jeff Schuster, President of Forecasting, GlobalData, moves into the vice president role. The SAA’s stated goals are to provide automotive professionals exclusive access to industry leaders, early insights and outstanding networking opportunities. “SAA members include every automotive industry professional interested in timely and useful auto industry data, discussion and dissemination of ideas, concepts and solutions,” the SAA said. Continue reading

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IONNA Breaks Ground on So-Called Rechargery for EVs

IONNA, a charging network founded by eight automakers – BMW, General Motors, Honda, Hyundai, Mercedes-Benz, Kia, Stellantis and Toyota –  announced today the ground breaking for the first IONNA ‘Rechargery.’ It is remaking a historic district gas station into an EV charging station in Apex, North Carolina. AutoInformed notes the irony, and also  that the town was built around a railroad steam engine refill pond, which the workers dubbed Apex. Continue reading

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Canadian Government Halts Teamsters Canada Freight Strike

Major automakers such as Ford Motor, General Motors, Honda, Stellantis and Toyota assembling vehicles in Canada or shipping engines and various other components to the United States got a reprieve late today as a previously reluctant Canadian government intervened in a railroad freight strike.

“I’ve directed the Canada Industrial Relations Board to assist the parties in settling the outstanding terms of their collective agreements by imposing final binding arbitration,” said Canadian Labor Minister Steve MacKinnon at a press conference. Continue reading

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Toyota Joins IONNA EV Charging Network in North America

IONNA and Toyota Motor North America (NYSE: TM) said today announced that Toyota has joined seven other automakers as an investor in IONNA* to support the build-out of its charging network for battery electric vehicles (BEVs) across North America. This … Continue reading

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GM Takes UAW Contract Costs in Stride. Ups 2024 Dividend

“We are finalizing a 2024 budget that will fully offset the incremental costs of our new labor agreements and the long-term plan we are executing includes reducing the capital intensity of the business, developing products even more efficiently, and further reducing our fixed and variable costs,” said Mary Barra, GM Chair and CEO. Continue reading

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UAW October Sweep – GM and UAW Tentative Agreement

“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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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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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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New Car Prices Up 34% in last Four Years. UAW Pay 6%

The video also shows that Big Three price gouging, not UAW pay, has been responsible for rising car prices in recent years. Average new car prices went up 34% over the last four years while pay for UAW members rose just 6%. The cost of labor for the Big Three is ~4-5% of total operations. The video notes that Ford, General Motors and Stellantis could double UAW wages, not raise car prices and still make billions of dollars. Continue reading

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UAW Strike Expands as Ford and GM Execs Squawk

“To be clear, negotiations have not broken down. We are still talking with all three companies. I am still very hopeful that we can reach a deal that reflects the incredible sacrifices and contributions our members have made over the last decade. But I also know that what we win at the bargaining table depends on the power we build on the job. It’s time to use that power. That is why I’m calling on an additional 7000 members across Ford and GM to go on strike starting at noon Eastern today,” said Shawn Fain. Continue reading

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UAW on Strike at Select Ford, GM, Stellantis Plants

At all of the US Big Three companies – as of now – their new or slightly revised offers when made public are so far short of the UAW requests that they might as well be non-existent. We will have to wait as things unfold. Big Three executives appear to have thought that business as usual would allow them to continue to do business. Well, not today,,,

Moreover there are signs that a resurgent labor movement in other sectors will support the UAW with selective strikes. Teamsters General President Sean M. O’Brien said today “The International Brotherhood of Teamsters, including our members in the carhaul industry, stand in solidarity with the United Auto Workers to get the best contract possible from America’s biggest automakers. Just as the Teamsters saw at UPS, record profits at any company must result in record contracts for the workers who make those profits possible…. All UAW members deserve respect at work and dignity in retirement. They deserve strong wages in a new contract that rewards them for everything they do for the Big Three and to keep this country moving. You can be sure there is no division in America’s labor movement today. And you are urged to remember that Teamsters don’t cross picket lines.” Continue reading

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Virtually All Unifor Members Authorize Big Three Strike

“Canadian autoworkers have sent a strong message to D3 automakers that they are united behind our bargaining committees in an effort to improve pensions, increase wages, and secure good, union jobs in the EV future,” said Unifor National President Lana Payne. Continue reading

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UAW Wants 40% Wage Increase in 2023 Contract Negotiations

“Record profits mean record contracts,” Fain said. “Yes, we’re demanding double-digit pay raises. Big Three CEOs saw their pay spike 40% on average over the last four years. We know our members are worth the same and more.” Continue reading

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