DIRS.INFO The most relevant business & tech news

☆ The automakers and suppliers pushing to cut rare earths from EVs
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +4 min

1 U.S. automaker says it is "exploring options to limit or potentially eliminate rare earth materials in EV motors." BORGWARNER (BWA.N)The U.S. supplier already has an EV motor in production that has reduced heavy rare earth content. ZF (ZFF.UL)German supplier ZF has developed an EESM EV motor that could be in production in two years. The German premium automaker says it aims to remove heavy rare earth content entirely. EuroGroup Laminations (EGLA.MI) Electric motor component maker EuroGroup Laminations is working on both rare earth free permanent magnet motors and motors with limited rare earth content for automaker customers.

Persons: Darrin Zammit Lupi, Tesla, Stellantis, Zoe, Mercedes, Nick Carey, Sharon Singleton Organizations: REUTERS, BMW, GENERAL MOTORS, Volvo, ROVER, Tata Motors, Renault, RENAULT Renault, NISSAN, Nissan, MERCEDES, BENZ, TOYOTA, Toyota, Volkswagen, U.S, KKR, Thomson Locations: Malta, China, U.S, Niron Magnetics, Niron

☆ Here's why the UAW's record deals with GM, Ford and Stellantis aren't getting full support
▼ + stars: | 2023-11-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

Workers at Chrysler-owner Stellantis are still in early voting but have so far largely backed the contract. GM's Spring Hill Assembly plant in Tennessee on Monday became the most recent major facility to vote against the contract, with 67.5% of UAW members rejecting it. Reasons behind the disapproval vary, according to industry experts and UAW members who spoke with CNBC. GM has had 52% of workers voting so far in support of ratification. He said these benefits remain a target for future bargaining when the tentative deals, if ratified, expire on April 30, 2028.

Persons: Jim Vondruska, they've, Stellantis, They're, There's, Shawn Fain, Brian Keller, Ford, Fain, we'd, Keller, Ray Curry, Timothy Orner, it's, Orner, China Jones, Wheaton Organizations: UAW, Getty, DETROIT, United Auto Workers, Detroit, Ford Motor, Motors, Workers, Chrysler, Ford, CNBC, GM, U.S, Louisville Assembly Plant, Worker Institute, Cornell University Locations: Chicago , Illinois, Hill, Tennessee, GM's Flint , Michigan, Kentucky, Stellantis, Toledo, China, Louisville

☆ UAW workers at GM's Spring Hill plant vote against tentative deal
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

An independent contractor hauls vehicles made at the Spring Hill General Motors (GM) manufacturing plant as Union members picket General Motors (GM) in the midst of a tentative deal being reached with the United Auto Workers (UAW), which expanded its strike over the weekend to the General Motors (GM) engine plant in Spring Hill,... Acquire Licensing Rights Read moreNov 14 (Reuters) - Workers belonging to the United Auto Workers (UAW) union at General Motors' (GM.N) Spring Hill plant in Tennessee have voted against a proposed contract with the automaker, the union's vote tracker showed on Tuesday. The Spring Hill manufacturing plant employs 3,932 workers and makes the company's SUV models such as Cadillac XT5 and XT6. Union workers are voting on contracts from each of Chrysler-owner Stellantis (STLAM.MI), General Motors (GM.N) and Ford Motor (F.N), after the first coordinated strike against Detroit's Big Three automakers. GM in October also pulled its full-year profit forecast due to the strike and postponed a $4 billion electric truck plant in Michigan. Reporting by Nathan Gomes in Bengaluru; Editing by Sriraj Kalluvila and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Stellantis, Tesla, Nathan Gomes, Sriraj Kalluvila Organizations: General Motors, United Auto Workers, UAW, Workers, Chrysler, Ford, Detroit's Big, GM, Thomson Locations: Spring Hill, Tennessee, XT6, Michigan, Bengaluru

[1/4] A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020. Market leader Tesla (TSLA.O) garnered headlines earlier this year saying it would cut rare earths from its next-generation EVs. China dominates the mining and processing of a group of 17 metals known as rare earths, though companies elsewhere are trying to loosen China's grip. 'WAITING IN THE WINGS'The average EV permanent magnet motor uses around 600 grams (1.32 lb) of heavy rare earth neodymium. Tesla's announcement on dropping rare earths "opened up buyers' eyes to the fact that you don't really need rare earths to make EV magnets," Niron CEO Jonathan Rowntree said.

Persons: Steve Marcus, Tesla, Otmar Scharrer, Scharrer, you've, Ben Chiswick, Uwe Deuke, Gerd Roesel, Jonathan Rowntree, Oki, James Edmondson, Edmondson, Mike Grant, Nick Carey, Christina Amann, Paul Lienert, Ernest Scheyder, Gilles Guillaume, Giulio Piovaccari, Ben Klayman, Sharon Singleton Organizations: REUTERS, Auto, LONDON, General Motors, Rover, Nissan, ZF, U.S, BMW, Renault, GM, EV, Warwick Acoustics, Thomson Locations: Pass , California, U.S, China, BERLIN, German, Detroit, Europe, London, Berlin, Houston, Paris, Milan

☆ UAW president to vow aggressive auto plant organizing in Senate testimony
▼ + stars: | 2023-11-13 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

UAW President Shawn Fain takes the stage with Dawn Simms, UAW Local 126 Member, during a United Auto Workers (UAW) union members in Belvidere, Illinois, U.S., November 9, 2023. REUTERS/Leah Millis Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - United Auto Workers President Shawn Fain will tell a Senate Committee on Tuesday the union plans to aggressively organize non-union U.S. auto plants after winning new contracts with the Detroit Three automakers. "For decades, non-union auto companies have used fear, uncertainty, and division to break union drives in our industry," Fain will tell the Senate Health, Education, Labor and Pensions Committee, according to written testimony seen by Reuters. The UAW for decades has unsuccessfully sought to organize auto factories operated by foreign automakers. The hearing will also include testimony from Teamsters President Sean O'Brien and Association of Flight Attendants President Sara Nelson.

Persons: Shawn Fain, Dawn Simms, Leah Millis, Fain, Sean O'Brien, Sara Nelson, Nelson's, Joe Biden, unionize Tesla, David Shepardson, Deepa Babington Organizations: UAW, United Auto Workers, REUTERS, Rights, U.S, Detroit Three, Health, Education, Labor, Pensions, Reuters, Hyundai, nonunion, General Motors, Ford Motor, Chrysler, Toyota, Honda, Association of Flight, Illinois, Detroit, Thomson Locations: Belvidere , Illinois, U.S, KS, Korean

☆ Ford production workers at Kentucky, Louisville vote against new labor deal
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

FILE PHOTO: A United Auto Workers (UAW) union member wears a pin while picketing outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. REUTERS/Luke Sharrett/File Photo/File Photo Acquire Licensing RightsNov 13 (Reuters) - Production workers at Ford's (F.N) Louisville assembly and Kentucky truck plants have voted against the tentative labor agreement, while skilled trades workers voted in favor, the local chapter of the United Auto Workers (UAW) said on Monday. Union workers are voting on contracts from each of Chrysler-owner Stellantis (STLAM.MI), GM (GM.N) and Ford, after the first coordinated strike against Detroit's Big Three automakers. Of the total votes cast at Ford's various facilities so far, 70.7% of workers have voted in favor of the deal, according to a UAW vote tracker. Workers at some of the company's major plants including the Dearborn Truck plant in Michigan are yet to vote.

Persons: Luke Sharrett, Stellantis, Gokul Pisharody, Dhanya Ann Thoppil, Arun Koyyur Organizations: United Auto Workers, UAW, REUTERS, UAW . Union, Chrysler, GM, Ford, Detroit's Big, Workers, Dearborn, General Motors, U.S ., Thomson Locations: Ford's Kentucky, Louisville , Kentucky, U.S, Ford's, F.N, Louisville, Kentucky, Michigan, Flint, Bengaluru

☆ Stellantis offering buyouts to about half its US salaried employees
▼ + stars: | 2023-11-13 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/David 'Dee' Delgado Acquire Licensing RightsNov 13 (Reuters) - Chrysler-parent Stellantis (STLAM.MI) said Monday it is offering 6,400 U.S. salaried employees voluntary buyouts as it works to cut costs amid the transition to electric vehicles and agreeing to a new United Auto Workers contract. The buyouts would be about half the company's salaried U.S. employees not represented by a union, which is currently 12,700. Another 2,500 Stellantis U.S. salaried workers are unionized and are not being offered the current buyout. Salaried employees must have at least five years of experience to be offered a voluntary departure package. In October 2022, Stellantis offered voluntary buyouts to its U.S. salaried employees who were aged 55 or older and had worked for the automaker at least 10 years.

Persons: David, Dee, Delgado, Stellantis, Mark Stewart, Natalie Knight, David Shepardson, Leslie Adler, Lisa Shumaker Organizations: New York, REUTERS, Chrysler, United Auto Workers, Employees, UAW, Thomson Locations: Manhattan , New York City, U.S, Canada, North America

☆ Hyundai to hike US hourly wages 25% by 2028 after UAW deal
▼ + stars: | 2023-11-13 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. Hyundai Motor Group also plans higher wages at its electric-vehicle factory in the U.S. state of Georgia that will open in 2025. Hyundai said that wages are being raised so that the company can "remain competitive and ... recruit and retain top talent." Honda's pay hike was announced after Toyota said it was raising the wages of its nonunion U.S. factory workers. UAW workers are now in the process of voting on whether to ratify those contracts.

Persons: Andrew Kelly, Santa Cruz, Honda, Joe Biden, unionize Tesla, David Shepardson, Matthew Lewis Organizations: Hyundai Motor, New York, REUTERS, Hyundai, United Auto Workers, Detroit Three automakers, Toyota, Honda, U.S, UAW, General Motors, Ford Motor, Chrysler, Detroit, Hyundai Motor Group, Illinois, Thomson Locations: Manhattan , New York City, U.S, KS, Alabama, Korean, U.S ., Georgia, Santa Fe , Tucson, Santa, Montgomery , Alabama, Washington, Bengaluru

☆ Honda hikes production workers' pay 11% after UAW deals with Detroit Three
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

REUTERS/David 'Dee' Delgado Acquire Licensing RightsNov 10 (Reuters) - Honda Motor (7267.T) said on Friday it was implementing an 11% pay hike for production workers at its U.S. facilities from January, days after the United Auto Workers (UAW) union and the Detroit Three automakers agreed to new contracts. Non-unionized automakers such as Honda have come under pressure to improve pay and benefits following record contracts the UAW won at the Detroit Three automakers. "Union auto workers own this victory," Biden said in a Friday post on X. Honda's pay hike comes after Toyota (7203.T) said last week it was raising the wages of its non-union U.S. factory workers. Honda had told Reuters it was evaluating the recent UAW deals with the Detroit Three automakers and would remain competitive.

Persons: David, Dee, Delgado, Joe Biden, Biden, carmakers Tesla, Priyamvada C, Nathan Gomes, David Shepardson, Anil D'Silva, Krishna Chandra Eluri, Aurora Ellis Organizations: New York, REUTERS, Honda, United Auto Workers, UAW, Detroit Three, U.S, Toyota, autoworkers, General Motors, Ford Motor, Chrysler, UAW . Union, Detroit, Tesla, Reuters, Thomson Locations: Manhattan , New York City, U.S, Illinois, America, United States

☆ UAW workers at GM's Flint plant narrowly vote against new labor deal
▼ + stars: | 2023-11-10 | by ( Shivansh Tiwary | ) www.reuters.com time to read: +2 min

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook Acquire Licensing RightsNov 10 (Reuters) - United Auto Workers (UAW) union members at General Motors' (GM.N) Flint assembly plant in Michigan have narrowly voted against a proposed contract with the U.S. automaker, the local chapter said. In a Facebook post on Thursday, the UAW Local 598 said 51.8% of votes cast were against the proposed deal. The vote signals that approval of the deal, which is set to raise costs significantly for GM, is not guaranteed. Union workers are voting on contracts from each of Chrysler-owner Stellantis (STLAM.MI), General Motors and Ford Motor (F.N), after the first coordinated strike against Detroit's Big Three automakers.

Persons: Rebecca Cook, Stellantis, Erik Gordon, Mack Trucks, Nathan Gomes, Shivansh, Sriraj Organizations: General Motors, REUTERS, United Auto Workers, UAW, U.S ., GM, Workers, Chrysler, Ford, Detroit's Big, Silverado, Detroit Three, University of Michigan, Detroit, Honda, Volvo Group, Thomson Locations: Detroit , Michigan, U.S, Flint, Michigan, Bengaluru

☆ India to get electric air taxis in 2026 via InterGlobe, Archer venture
▼ + stars: | 2023-11-09 | by ( Chris Thomas | ) www.reuters.com time to read: +2 min

[1/4] Midnight, an all-electric aircraft from company Archer Aviation, is seen at the Salinas Municipal Airport in Salinas, California, U.S. August 2, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsBENGALURU, Nov 9 (Reuters) - InterGlobe Enterprises, which backs India's top airline IndiGo, and U.S.-based Archer Aviation (ACHR.N) will launch an all-electric air taxi service in India in 2026 that will be "cost-competitive" with on-road services, the companies said Thursday. The companies said that a trip that typically takes 60 to 90 minutes by car in Delhi, for example, will take about 7 minutes in an air taxi. InterGlobe Enterprises, which owns nearly 38% of IndiGo-parent InterGlobe Aviation (INGL.NS) as well as hospitality and logistics businesses, also plans to use the e-aircraft for cargo, logistics, medical, emergency and charter services. Archer secured a $142 million-deal from the U.S. Air Force in July to provide six Midnight aircraft and said in October it would launch an air taxi service in the UAE.

Persons: Carlos Barria, Archer, Archer Aviation's, InterGlobe Aviation's, Chris Thomas, Savio D'Souza Organizations: Archer Aviation, Salinas Municipal Airport, REUTERS, Rights, InterGlobe Enterprises, IndiGo, Chrysler, Boeing, United Airlines, InterGlobe Aviation, U.S . Air Force, Midnight, Thomson Locations: Salinas, Salinas , California, U.S, India, Delhi, Mumbai, Bengaluru, UAE

The European Commission in its 2016 decision said Apple benefited from two Irish tax rulings for more than two decades that artificially reduced its tax burden to as low as 0.005% in 2014. "The judgment of the General Court on 'tax rulings' adopted by Ireland in relation to Apple should be set aside," he said in a non-binding opinion. "It is therefore necessary for the General Court to carry out a new assessment," Pitruzzella said. Her biggest legal victory to date came in September when the General Court upheld her decision against a 700-million-euro Belgian tax scheme for 55 multinationals. Vestager is currently investigating IKEA brand owner Inter IKEA's Dutch tax arrangement in a case dating from 2017, Nike's (NKE.N) Dutch tax rulings and Finnish food and drink packaging company Huhtamaki's (HUH1V.HE) tax rulings granted by Luxembourg.

Persons: Mike Blake, Margrethe Vestager's, Apple, Apple's, Giovanni Pitruzzella, CJEU, Pitruzzella, Michael McGrath, Court’s, Vestager, Stellantis Organizations: REUTERS, Rights, EU, Apple, European Commission, of Justice, Justice, Court, Ireland, Dublin, Starbucks, IKEA, Inter IKEA's, Thomson Locations: La Jolla , California, U.S, Rights LUXEMBOURG, Ireland, Belgian, Luxembourg

☆ Canadian union Unifor, Magna resume bargaining after strike at seating plant
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Magna logo is during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay Acquire Licensing RightsNov 9 (Reuters) - Canadian labour union Unifor said on Thursday it has returned to the bargaining table with Magna International (MG.TO) after workers staged a walkout at the auto parts supplier's Integram seat manufacturing facility in Windsor. Unifor members at the facility had launched a strike on Wednesday after Magna was unable to reach a tentative deal before the strike deadline of Nov. 7. Magna's Integram plant manufactures seating for vehicles at Stellantis' (STLAM.MI) Windsor assembly plant as well as other Detroit Three plants in the United States. Unifor members at the Integram facility had previously voted 99% in favour of strike action.

Persons: Wolfgang Rattay, Unifor, Aishwarya Jain, Shounak Dasgupta Organizations: Munich, REUTERS, Magna International, Magna, Thomson Locations: Munich, Germany, Windsor, Detroit, United States, Bengaluru

☆ Next new Chrysler model is electric crossover in 2025, Chrysler CEO says
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

Chrysler Brand CEO Christine Feuell speaks during Reuters Events Automotive USA 2023 in Detroit, Michigan U.S., November 8, 2023. REUTERS/Rebecca Cook Acquire Licensing RightsDETROIT, Nov 8 (Reuters) - The next new model from Stellantis' (STLAM.MI) Chrysler brand will be a two-row electric crossover in 2025, Chrysler CEO Christine Feuell said Wednesday. The brand also is considering the introduction of a new sedan, as its long-running Chrysler 300 is being phased out of production. Speaking at the Reuters Events Automotive USA 2023 conference in Detroit, Feuell said the design of the new crossover is inspired by the Chrysler Airflow concept unveiled at the 2022 Consumer Electronics Show. Feuell said Chrysler is still considering the size of a new sedan.

Persons: Christine Feuell, Rebecca Cook, Feuell, Paul Lienert, Franklin Paul, Matthew Lewis Organizations: Chrysler Brand, Automotive, Detroit , Michigan U.S, REUTERS, Rights DETROIT, Chrysler, Reuters, Pacifica, Thomson Locations: Detroit , Michigan, Detroit

☆ Ford's Chicago plant UAW workers vote to ratify deal with automaker
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

A United Auto Workers (UAW) union member wears a pin while picketing outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. REUTERS/Luke Sharrett/File Photo Acquire Licensing RightsNov 8 (Reuters) - Workers at Ford Motor's (F.N) Chicago assembly plant have voted to ratify a proposed contract with the automaker, the United Auto Workers (UAW) union's local chapter said in a Facebook post on Wednesday. UAW Local 551 said 57% of votes cast were in favor of the deal. Ford employs about 4,500 hourly workers at the assembly plant, which also manufacturers the Ford Explorer. A majority of workers at Ford's Michigan assembly plant have already voted to approve the tentative deal.

Persons: Luke Sharrett, Stellantis, Tesla, Nathan Gomes, Shivansh, Sriraj Organizations: United Auto Workers, UAW, REUTERS, Workers, Ford, Ford Explorer ., Chrysler, General Motors, Detroit's Big, Thomson Locations: Ford's Kentucky, Louisville , Kentucky, U.S, Chicago, Ford's Michigan, Dearborn , Michigan, Bengaluru

☆ Highlights of UAW's deals with Detroit Three automakers
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

The logo of Ford is seen on a 2020 Ford Explorer car at Ford's Chicago Assembly Plant in Chicago, Illinois, U.S. June 24, 2019. REUTERS/Kamil Krzaczynski/File Photo Acquire Licensing RightsNov 8 (Reuters) - Workers at Ford's (F.N) Chicago assembly plant have voted to ratify a proposed contract with the automaker, the United Auto Workers (UAW) union's local chapter said on Wednesday. Union workers are voting on contracts from each of Chrysler-owner Stellantis (STLAM.MI), General Motors (GM.N) and Ford after the first coordinated strike against Detroit's Big Three automakers. The ratification comes after the automakers and the UAW reached tentative deals over the last few weeks to end a costly strike following marathon negotiations. Following is a roundup of tentative agreements and demands from the UAW:Source: UAW statementsReporting by Nathan Gomes, Aishwarya Jain and Abhinav Parmar in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Kamil Krzaczynski, Stellantis, Nathan Gomes, Aishwarya Jain, Abhinav Parmar Organizations: Ford, Plant, REUTERS, United Auto Workers, UAW, . Union, Chrysler, General Motors, Detroit's Big, Thomson Locations: Chicago , Illinois, U.S, Chicago, Bengaluru

☆ GM, Stellantis invest in EV magnet startup in move to reduce China reliance
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

[1/2] The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Today, roughly 90% of the rare-earth magnet supply is dependent upon China." "There's a lot of manufacturing steps and a lack of price transparency in this industry with rare earths, given the concentration of supplies in China," Niron Senior Director Tom Grainger said. The deal comes despite GM's 2021 agreement to buy rare-earth magnets from MP Materials (MP.N). MP has struggled to refine its own rare earths in California, but has been building a magnet facility in Texas.

Persons: Rebecca Cook, Jonathan Rowntree, Anirvan Coomer, Adam Bazih, Niron, Tom Grainger, Nathan Gomes, Ernest Scheyder, Ben Klayman, Matthew Lewis Organizations: General Motors, REUTERS, GM, Stellantis Ventures, Materials, Thomson Locations: Detroit , Michigan, U.S, China, Minneapolis, California, Texas, Bengaluru, New York

United Auto Workers President Shawn Fain addresses the audience during a rally in support of striking UAW members in Detroit, Michigan, U.S., September 15, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsNov 8 (Reuters) - United Auto Workers President Shawn Fain said on Wednesday the union will "pull out all stops" in working to organize non-union U.S. auto plants after winning new contracts with the Detroit Three automakers. In an video interview at the Reuters Events auto conference in Detroit, Fain said the UAW is aggressively working on its organizing plans. We're going to leverage every avenue we can and we're going to find creative ways to get to workers," Fain said. Fain said the UAW deserved credit for Toyota Motor (7203.T) decision's last week to raise the wages of nonunion U.S. factory workers.

Persons: Shawn Fain, Rebecca Cook, Fain, Joe Biden, decision's, Biden, David Shepardson, Joseph White, David Gregorio Our Organizations: United Auto Workers, REUTERS, U.S, Detroit Three, Chrysler, Reuters, UAW, Toyota Motor, Toyota, nonunion, Thomson Locations: Detroit , Michigan, U.S, Belvedere , Illinois, Detroit, Illinois

☆ Large pickup trucks fare poorly in protecting rear seat passengers - study
▼ + stars: | 2023-11-07 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - Four large pickup trucks fared poorly in tests measuring how rear seat passengers fare in some crashes, the Insurance Institute for Highway Safety said Tuesday. "Like most other vehicle classes, large pickups don't perform as well in the new moderate overlap evaluation as they do in the updated side test," said IIHS President David Harkey. IIHS said front seat safety has been boosted by improved airbags and advanced seat belts typically not available in the rear. The updated test uses a heavier barrier traveling at a higher speed to simulate the striking vehicle. In traffic crashes in 2021, 60% of pickup drivers who were killed were unrestrained - higher than other categories of vehicles.

Persons: Rebecca Cook, IIHS, Ram, David Harkey, Stellantis, David Shepardson, Christopher Cushing Organizations: Ford Motor Company, North American, REUTERS, Rights, Insurance Institute for Highway Safety, Ford, General Motors, Silverado, Toyota, Thomson Locations: Detroit , Michigan, U.S

Selling more hybrid and electric trucks and improving the fuel efficiency of Ram combustion models is critical to Chrysler parent Stellantis. A Hemi V-8 will still be offered in Ram heavy-duty trucks. The company has not disclosed future production plans for light-duty Ram Classic trucks, which are based on previous generation Ram designs. Stellantis has previously said it will sell an all-electric Ram pickup called the Ram Rev starting in late 2024. The all-electric Ram REV has a 168 kWh battery pack in the base model that costs thousands more.

Persons: Steve Marcus, Ram, Ford, Stellantis, Tim Kuniskis, Joe White, Matthew Lewis Organizations: REUTERS, Rights DETROIT, American, Chrysler, Detroit, Silverado, General Motors, GM, Ford, GMC, Thomson Locations: Las Vegas , Nevada, U.S, Detroit, Sierras

☆ Stellantis' new Ram pickup is an EV — with a gas-powered generator in case the battery runs out
▼ + stars: | 2023-11-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

The 2025 Ram 1500 Ramcharger is expected to go on sale in late 2024 alongside a previously revealed all-electric Ram 1500 truck without a gas-powered engine or range-extending electric generator. That range compares with up to an expected 500-mile range of the all-electric Ram 1500 REV pickup. 2025 Ram 1500 Ramcharger Tungsten RamSimilar propulsion technology — referred to as extended-range electric vehicles, or EREVs — is available in overseas markets, specifically China. For the traditional Ram 1500 models, the biggest change is the company is dropping its well-known Hemi V-8. Ram's 2023 Super Bowl ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale in late 2024.

Persons: Ramcharger, Tim Kuniskis, Kuniskis, Stellantis, Stephanie Brinley, It's, Michael Wayland Organizations: DETROIT, U.S . Environmental Protection Agency, P Global Mobility, General Motors, Chrysler, Jeep, Fiat, U.S, Dodge, CNBC, GM, Ford Motor, Chrysler Pacifica minivan, Cherokee Locations: China, Pontiac, Mich

☆ UAW members at General Dynamics plants ratify new tentative agreement
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

Nov 6 (Reuters) - The United Auto Workers (UAW) union on Monday said members at the General Dynamics (GD.N) plants at Ohio, Michigan and Pennsylvania have voted to ratify a new tentative agreement. Like its peers, General Dynamics has struggled with supply and labor shortages at a time when weapons demand is on the rise due to the war in Ukraine, conflict in the Middle East and tensions in U.S.-China relations over Taiwan. UAW members at the company make military vehicles including tanks and light armored vehicles, according to the union. In the latter half of October, the UAW, in separate strike actions, had reached tentative agreements with the Detroit Three automakers, General Motors (GM.N), Ford (F.N) and Stellantis (STLAM.MI). Reporting by Aishwarya Jain; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Aishwarya Jain, Krishna Chandra Organizations: United Auto Workers, UAW, General Dynamics, Dynamics, Detroit Three, General Motors, Ford, Thomson Locations: Ohio , Michigan, Pennsylvania, Ukraine, U.S, China, Taiwan

☆ Unifor members ratify new contract with Stellantis in Canada
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsNov 6 (Reuters) - Canadian labor union Unifor said on Monday its members voted in favor of a new contract with Chrysler-parent Stellantis (STLAM.MI). Unifor reached a tentative deal with Stellantis on Oct. 30 after a brief strike at the Franco-Italian automaker's facilities in Canada. The agreement was ratified after positive votes from members at Stellantis facilities in Windsor, Brampton, Etobicoke, Mississauga and Red Deer. Unifor used the "pattern bargaining" approach in its talks with the automakers, reaching a deal first with Ford (F.N) and General Motors (GM.N). Meanwhile, more-than-a-month old strike by the United Auto Workers (UAW) union against the Detroit Three automakers in the United States also ended in October.

Persons: Gonzalo Fuentes, Unifor, Stellantis, Aishwarya Jain, Shivansh, Shounak Dasgupta Organizations: REUTERS, Chrysler, Stellantis, Franco, Detroit Three, Dodge, Ford, General Motors, United Auto Workers, UAW, Thomson Locations: Saint, Yvelines, Paris, France, Italian, Canada, Windsor , Brampton, Etobicoke, Mississauga, Red Deer, Brampton, Ontario, United States, Bengaluru

☆ GM-UAW agreement expected to include more affordable Bolt EUV
▼ + stars: | 2023-11-06 | by ( Paul Lienert | ) www.reuters.com time to read: +3 min

General Motors assembly workers connect a battery pack underneath a partially assembled 2018 Chevrolet Bolt EV vehicle on the assembly line at Orion Assembly in Lake Orion, Michigan, U.S., March 19, 2018. GM said on Monday it would not comment on the tentative agreement pending ratification by the UAW. The UAW summary did not specify products or timing for GM's Fairfax and Lansing plants. GM currently builds the Chevrolet Malibu and Cadillac XT at Fairfax and the Cadillac CT4 and CT5 and Chevrolet Camaro in Lansing. Chief Executive Officer Mary Barra has said the current Bolt will be phased out of production at the end of this year.

Persons: Rebecca Cook, GM's Fairfax, Mary Barra, Ford, ”, Bill Rinna, “ BEV, Sam Fiorani, Stellantis, Paul Lienert, Matthew Lewis Organizations: Motors, Bolt, Orion Assembly, REUTERS, Rights DETROIT, General Motors, Chevrolet, Cadillac, Reuters, UAW, GM, Chevrolet Malibu, Fairfax, Ford, AutoForecast Solutions, Thomson Locations: Lake Orion , Michigan, U.S, Kansas, Michigan, Lansing, Fairfax , Kansas, Fairfax, Lansing ., Detroit

[1/2] United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. The UAW released more details of its tentative 4-1/2 year deal with GM <on Saturday. Temporary workers will have a faster path to full-time status and could see wages rise by about 50% immediately. The GM agreement will move more than 7,000 UAW workers in GM component plants, service parts warehouses and what GM calls "subsystems" operations up to the higher wage levels paid to assembly plant workers. "This contract has wage increases and economic gains like nothing we've ever seen before," UAW Vice President Mike Booth said.

Persons: Shawn Fain, Rebecca Cook, Mike Booth, Fain, Joe White, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, Rights DETROIT, General Motors, UAW, GM, Detroit, Ford, Chrysler, Auto, Toyota, Honda, Volkswagen, Hyundai, Tesla, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Lordstown , Ohio, Orion, Michigan, Spring Hill , Tennessee, Detroit, Bengaluru

Search resuls for: "STLAM"

25 mentions found