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☆ EV Startup Fisker Has Lost Another Chief Accounting Officer
▼ + stars: | 2023-11-20 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

Fisker’s first vehicle, the Ocean SUV, went on sale earlier this year. Photo: Angel Garcia/Bloomberg NewsElectric-vehicle startup Fisker has lost its second chief accounting officer in less than a month, marking the latest setback for a company that only recently started selling its first model. Florus Beuting , who was named chief accounting officer in early November, has left the automaker, according to people familiar with the situation. His exit follows the departure of his predecessor, who left in late October to take a job with another company, leading Fisker to unexpectedly delay its earnings release.

Persons: Angel Garcia, Beuting Organizations: Bloomberg News Electric

☆ Hyundai to Be First Automaker to Sell New Cars on Amazon
▼ + stars: | 2023-11-16 | by ( Ryan Felton | Sean Mclain | ) www.wsj.com time to read: 1 min

Giant touch screens. WSJ’s Joanna Stern took three of the leading cars on a road trip and then leased the best one. Photo illustration: Annie Zhao/The Wall Street JournalHyundai customers who want to skip going to a dealership will have a new option next year: shopping on Amazon.com . The South Korean automaker announced the move Thursday with Amazon at the Los Angeles Auto Show. Starting in 2024, U.S. auto dealers will be able to sell new vehicles on the tech company’s platform, making Hyundai the first automotive brand to offer such an option for customers.

Persons: Joanna Stern, Annie Zhao Organizations: Street, South Korean, Amazon, Los Angeles Auto, Hyundai

☆ Hyundai to be First Automaker to Sell New Cars on Amazon
▼ + stars: | 2023-11-16 | by ( Ryan Felton | Sean Mclain | ) www.wsj.com time to read: 1 min

Prospective buyers will be able to search on Amazon’s website for available vehicles in their area by model, color and features. Photo: Nancy Kaszerman/Zuma PressHyundai Motor customers who want to skip the dealership will have a new option next year: shopping on Amazon .com. The Korean automaker announced the move Thursday with Amazon at the Los Angeles Auto Show. Starting in 2024, U.S. auto dealers will be able to sell vehicles on the tech company’s platform, making Hyundai the first automotive brand to offer such an option for customers.

Persons: Nancy Kaszerman Organizations: Zuma Press Hyundai, Amazon, Los Angeles Auto, Hyundai Locations: Korean

☆ New Toyota Camry to Be Sold Only as Hybrid
▼ + stars: | 2023-11-15 | by ( River Davis | Sean Mclain | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: toyota

☆ EV Makers Turn to Discounts to Combat Waning Demand
▼ + stars: | 2023-11-07 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

Giant touchscreens. EVs have become computers on wheels. WSJ’s Joanna Stern took three of the leading cars on a road trip and then leased the best one. Photo illustration: Annie Zhao/The Wall Street JournalBuyers looking to get a bargain on a new car might want to consider an electric vehicle. As sales growth has slowed for battery-powered models, automakers and dealers are slashing prices and piling on discounts to clear out unsold inventory.

Persons: Joanna Stern, Annie Zhao Organizations: Street

☆ Rivian Plans to Make More EV Trucks, SUVs in 2023
▼ + stars: | 2023-11-07 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

Rivian says it has trimmed the losses on each vehicle it sells. Photo: mike blake/ReutersElectric-vehicle startup Rivian Automotive raised its production forecast for the year and said losses narrowed in the third quarter, as the company tries to increase output after a choppy two-year launch. Rivian also said Tuesday it was no longer required to sell its electric delivery vans exclusively to Amazon .com and was in talks with other potential customers. The companies were negotiating an end to the exclusivity part of their agreement after the online retailer’s order came in at the low end of a previously communicated range, The Wall Street Journal reported in March. Amazon owns a nearly 17% stake in Rivian.

Persons: Rivian, blake Organizations: Reuters, Automotive, Street, Amazon Locations: Rivian

☆ Toyota Gives 9% Pay Bump to Most U.S. Auto-Factory Workers, Following UAW Gains in Detroit
▼ + stars: | 2023-11-01 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

The United Auto Workers union said it reached a tentative deal with General Motors on Monday, more than six weeks after workers went on strike. The company is the last of the three Detroit automakers to reach a new tentative labor deal. Photo: Rebecca Cook/ReutersToyota Motor is giving most of its U.S. auto-factory workers a 9% pay bump and shortening the time it takes to reach the maximum pay, a sign that gains made by the United Auto Workers in Detroit are starting to have a ripple effect in other parts of the auto industry. Toyota, whose U.S. factories aren’t unionized, will increase pay for most assembly plant workers from $31.86 an hour to $34.80 an hour, starting Jan 1., a spokesman for the company said Wednesday.

Persons: Rebecca Cook Organizations: United Auto Workers, General Motors, Detroit, Reuters Toyota Motor, Toyota Locations: Detroit, U.S

☆ Toyota Aims to Meet Hybrid Demand With New U.S. Plant Investment
▼ + stars: | 2023-10-31 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

Toyota executives say that demand for hybrids is outstripping the company’s production capacity. Photo: Stephanie Keith/Bloomberg NewsToyota Motor said it is more than doubling its investment in a battery plant under construction in North Carolina, a move aimed at increasing its ability to meet demand for hybrid models. With the latest $8 billion investment, Toyota is planning to spend nearly $14 billion to turn the facility in Liberty, N.C., into a massive hub for battery production. The 1,000-acre site is slated to contain 14 assembly lines producing batteries for hybrids, plug-in hybrids and fully electric vehicles. Battery production is scheduled to begin there in 2025.

Persons: Stephanie Keith Organizations: Toyota, Bloomberg News Toyota Locations: North Carolina, Liberty, N.C

☆ UAW Strike Pinches Automakers and Suppliers, but Spares Consumers—for Now
▼ + stars: | 2023-10-23 | by ( Sean Mclain | Ryan Felton | ) www.wsj.com time to read: 1 min

UAW union members have been striking over job security and pay as automakers push forward in developing EV’s, which require fewer workers and cost more in raw materials. So what does that mean for the future of auto workers and the union? Illustration: George Downs/The Wall Street JournalSix weeks into United Auto Workers’ strike, the impacts of the work stoppages are rippling through the car business, causing pain for the automakers themselves, as well as parts makers and factory workers. One corner of the industry that has been largely spared: dealerships and consumers, due in part to an inventory buildup of both cars and parts before the strikes.

Persons: George Downs Organizations: Street, United Auto Workers

☆ Sean McLain — Reporter at The Wall Street Journal
▼ + stars: | 2023-10-15 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

Sean McLainSean McLain is a reporter for The Wall Street Journal based in Los Angeles, covering EV startups like Rivian and Lucid and Japanese and Korean auto makers. Prior to moving to Los Angeles, Sean was based in Tokyo, where he covered Japanese car companies. He is the co-author of a book about Carlos Ghosn, and was awarded the Malcolm Forbes Award by the Overseas Press Club of America for his coverage of the arrest and detention of the former Nissan and Renault chief.

Persons: Sean McLain Sean McLain, Sean, Carlos Ghosn, Malcolm Forbes Organizations: Wall, Journal, Korean, Overseas Press Club of America, Nissan, Renault Locations: Los Angeles, Tokyo

☆ U.S. Car Sales Expected to Increase Again in the Third Quarter
▼ + stars: | 2023-10-03 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Automakers Notch Double-Digit Sales Gains for Third Quarter
▼ + stars: | 2023-10-03 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Rivian’s Quest to Build the Ultimate Truck Burns Through Billions
▼ + stars: | 2023-10-02 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Lordstown Motors, the Troubled EV Startup, to Sell Assets to Ex-CEO
▼ + stars: | 2023-09-30 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/autos/lordstown-motors-the-troubled-ev-startup-to-sell-assets-to-ex-ceo-763f3ac1

Persons: Dow Jones, 763f3ac1

Persons: Dow Jones Organizations: uaw

☆ The EV Startup Worth More Than GM Had Troubled U.S. Rollout
▼ + stars: | 2023-08-17 | by ( Ryan Felton | Sean Mclain | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ The EV Startup Worth More Than GM, Ford Had Troubled U.S. Rollout
▼ + stars: | 2023-08-17 | by ( Ryan Felton | Sean Mclain | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/autos/ev-startup-vinfast-worth-more-ford-gm-troubled-us-rollout-72629e2d

Persons: Dow Jones

☆ EV Startup VinFast’s Market Debut Pushes Value Higher Than GM, Ford
▼ + stars: | 2023-08-16 | by ( Ryan Felton | Sean Mclain | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Rivian’s Losses Narrow as Production Speeds Up
▼ + stars: | 2023-08-08 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Electric-Vehicle Startup Fisker Is Reborn Into a Crowded, Competitive Field
▼ + stars: | 2023-07-09 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Lordstown Motors, Once Considered an Ohio Town’s Savior, Files for Bankruptcy
▼ + stars: | 2023-06-27 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ EV Startup Lordstown, Once an Ohio Town’s Savior, Files for Bankruptcy
▼ + stars: | 2023-06-27 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 5c7a0f46

☆ Rivian Tries Selling Trucks Out of Its Factory Parking Lot
▼ + stars: | 2023-06-16 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Kia, Hyundai Thefts Continue Three Months After Carmakers Deployed Fix
▼ + stars: | 2023-05-30 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

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☆ Growing Pains Intensify for EV Startups Lucid and Fisker
▼ + stars: | 2023-05-09 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

Rivian is under pressure to prove it can build its electric trucks at scale without having ramped up production before, as competition heats up from legacy automakers. WSJ toured Rivian’s and Ford’s EV factories to see how they are pushing to meet demand. Illustration: Adam FalkElectric-vehicle startups Lucid and Fisker are confronting dwindling cash piles as the two companies strain to get more vehicles into the hands of customers, first-quarter results show. Lucid, Fisker and electric-truck maker Rivian were among a host of EV startups to go public over the last two years, as investors placed bets on finding the next Tesla . Now, their share prices continue to get hammered as cash reserves dwindle and larger legacy automakers join the EV race.

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