Majority of Workers at Largest Mercedes-Benz Plant in U.S. Sign Union Cards in Support of Joining UAW
Workers at the largest Mercedes-Benz plant in the U.S. have signed union cards in support of joining the United Auto Workers (UAW), citing grievances such as pay stagnation and unfair two-tier pay scale. The UAW’s campaign to organize auto plants in the Southeast gains momentum, facing opposition from political and business leaders in Alabama.
Adrian Newey Named 2024 World Car Person of the Year
Adrian Newey of Red Bull Racing has been named the 2024 World Car Person of the Year, recognizing his significant contributions to automotive design and engineering. His innovative approach and commitment to excellence have earned him widespread acclaim, setting new benchmarks for car design and performance.
Biden administration to relax tailpipe emission limits
The Biden administration is planning to relax limits on tailpipe emissions to give car manufacturers more time to increase sales of electric vehicles. This decision is a concession to automakers and labor unions, aiming to address concerns about job losses and consumer demand. President Biden faces challenges in addressing climate change while seeking re-election, with former President Donald J. Trump criticizing the administration’s approach to electric vehicles.
General Motors Reports Strong Earnings Despite EV Market Concerns
General Motors (GM) has defied concerns about the electric vehicle (EV) market by reporting stronger-than-expected earnings in the fourth quarter of 2023. The company’s CEO, Mary Barra, emphasized the importance of a ‘level playing field’ following comments made by Tesla…
ECD Automotive Design Revs Up with New Opportunity in Automotive Manufacturing Industry
ECD Automotive Design, Inc. (ECDA) is revving up its engines with a new opportunity in the automotive manufacturing industry. The company, a micro-cap pick, is focusing on the importation, restoration, and modification of vintage automobiles in a new 100,000 square…
Chery Achieves Remarkable Success in 2023 with 101.1% Increase in Sales
Chery, the renowned automobile manufacturer, has achieved remarkable success in 2023, with a staggering 101.1% increase in sales. This exceptional feat has been celebrated by Carloha, the exclusive national partner of Chery Automobile in Nigeria. The annual sales figure of…
U.S. Army Commits $100 Million to University of Michigan Automotive Research Center
The U.S. Army has announced a renewed commitment to the University of Michigan’s Automotive Research Center, pledging up to $100 million over the next five years. The center, established in 1994, aims to support the U.S. defense industry in developing…
Rivian Releases First-Ever Environmental and Social Impact Report
Rivian, the electric vehicle manufacturer, has recently released its first-ever environmental and social impact report, outlining its commitment to reducing the carbon footprint of its next-generation electric vehicles. The company aims to develop vehicles that are even less polluting than…
Tesla’s Remarkable 2023 Sets High Bar for 2024
Tesla had a remarkable year in 2023, with its shares more than doubling in value. However, this success may set a higher bar for the company in 2024. The electric vehicle (EV) maker’s shares are currently considered expensive, especially when…