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☆ UAW strike chaos isn't all good news for Tesla
▼ + stars: | 2023-10-01 | by ( Tim Levin | Nora Naughton | ) www.businessinsider.com time to read: +5 min

Big gains in the UAW strike could bolster another organizing drive at Tesla. The UAW is looking to remake its reputation among auto workers. AdvertisementAdvertisementA new contract could spur union attempts elsewhereThe UAW strike comes amid a rejuvenated labor movement post-Covid, and after a summer jam-packed with union activism. About 54% of Americans support the UAW strike, according to a recent Morning Consult poll. AdvertisementAdvertisementOrganizing at Tesla still won't be easySome Tesla workers are in the early stages of forming a union, a UAW official told The New York Times.

Persons: —, Elon Musk's Tesla, they're, Arthur Wheaton, Tesla, Shawn Fain, paydays, Fain, Jake Rosenfeld, Louis, Kate Andrias, Andrias, Rosenfeld, Musk, backpay Organizations: UAW, Volkswagen, Honda, Toyota, Service, General Motors, Ford, Elon, United Auto Workers, GM, Cornell University, Detroit, Washington University, Columbia University, New York Times, EV, National Labor Relations Board Locations: Wheaton, Illinois, Michigan, St, New York , California , Nevada, Texas

☆ The pandemic broke the used car market — now shoppers are screwed
▼ + stars: | 2023-09-30 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

Used cars are still expensive, like they've been for years. Slow car production from 2020-2022 slammed the supply of lightly used cars in 2023, a study shows. AdvertisementAdvertisementRidiculously high used car prices are lingering like the last guest at the dinner party. During the pandemic, used cars got incredibly expensive for a couple of reasons. "There's really no factor contributing for used car prices to go down," Brauer said.

Persons: they've, —, iSeeCars, that's, that'll, Karl Brauer, Brauer, There's Organizations: Service, Toyota, Honda

☆ We moved from California to Texas with our 5-month-old baby before even visiting the state. Now, if our car has issues, we can actually afford to fix it.
▼ + stars: | 2023-09-29 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

Eddie Casillas and Brittany Casillas-Ta moved from Sacramento, California to Tyler, Texas in January. The family has since moved to Houston, which they said fulfills their desire to be in a big city. Eddie: When I moved to Sacramento, I moved in with my wife. We initially moved to Tyler, Texas. AdvertisementAdvertisementWhen our car got broken into in California, it was really expensive and hard to financially recover.

Persons: Eddie Casillas, Brittany Casillas, Ta, —, Eddie, We've, Tyler, We're, Houston, It's, They're, didn't, we've, I've Organizations: Service, Sacramento ., Department of Transportation, Disney, Toyota Locations: Sacramento , California, Tyler , Texas, Houston, Texas, Sacramento, Marysville, It's, Brittany, California, Arizona, Florida, Tyler, In California, Vegas

☆ The world needs cheap electric cars. That spells trouble for Big Auto
▼ + stars: | 2023-09-29 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

The world needs affordable EVs more than ever as electric cars will play a big role in hcelping countries cut planet-heating pollution. “When legacy [carmakers] talk about catching up to Tesla or catching up to the leading Chinese automakers, it’s difficult. It is by far the world’s biggest EV battery manufacturer and dominant in the supply and processing of many critical components needed to make the batteries. Global automakers have had little choice but to enter into joint ventures with Chinese EV and battery manufacturers. EU lawmakers have voiced concerns that government subsidies allow Chinese EV makers to keep prices artificially low, creating unfair competition for European rivals.

Persons: Henry Ford’s, carmaking, Jeff Kowalsky, ”, Gene Munster, Tesla, — Tesla, —, Patrick Hummel, Krisztian Bocsi, Ford, “ It’s, ” Dan Ives, Bill Pugliano, Daniel Röska, Bernstein, China …, Marco Rubio, “ They’re, Bill Ford, CNN’s Fareed Zakaria Organizations: London CNN —, Ford Motor Company, Toyota, Volkswagen, United, Getty, Deepwater Asset Management, Volkswagen Group, Audi, Porsche, Chrysler, Jeep, Ford, General Motors, International Energy Agency, Honda, Renault, Nissan, Mitsubishi, Hyundai, Kia, Benz, BMW —, Investment, UBS, EV, Atlas Public, VW, Bloomberg, Reuters, Twitter, Stellantis, Wedbush Securities, CNN, United Auto Workers, Refining, Global, Republican, European Union, EU, Jato Dynamics Locations: Europe, United States, Dearborn , Michigan, AFP, China, Japan, South Korea, Asia, US, Germany, ” Munster, Munster, Lansing , Michigan, Michigan, Beijing, America

☆ Automakers say they face $14 billion in fines from Biden's 'unfeasible' fuel rules
▼ + stars: | 2023-09-29 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The fines would impact one in every two light trucks and one in every three passenger cars in 2027-2032, the group added. A separate document viewed by Reuters said the Detroit Three - GM, Ford Motor (F.N) and Chrysler-parent Stellantis (STLAM.MI) - would face about $10 billion in CAFE fines in that period. A NHTSA spokesperson said the estimate cited by automakers represents the agency forecast and is "consistent with our statutory obligations". In June, Reuters reported Stellantis and GM paid a total of $363 million in CAFE fines for failing to meet U.S. fuel economy requirements for prior model years. The record-setting penalties include $235.5 million for Stellantis for the 2018 and 2019 model years and $128.2 million for GM covering 2016 and 2017.

Persons: Jose Luis Gonzalez, Biden, David Shepardson, Barbara Lewis Organizations: REUTERS, Rights, Alliance, Automotive Innovation, General Motors, Toyota, Volkswagen, Hyundai, Traffic, Reuters, Detroit, Ford Motor, Chrysler, European Union, NHTSA, GM, Thomson Locations: Texas, Ciudad Juarez, Mexico

☆ Volkswagen restarts production after suffering major IT outage
▼ + stars: | 2023-09-28 | by ( Christoph Steitz | ) www.reuters.com time to read: +2 min

A Volkswagen logo is seen during the press day at the Los Angeles Auto Show in Los Angeles, California, U.S. November 17, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsFRANKFURT, Sept 28 (Reuters) - Volkswagen (VOWG_p.DE) on Thursday said that a major IT outage, which had caused most of its German plants to halt production, was resolved overnight and its global production network was up and running again. "The IT infrastructure problems in the Volkswagen network were resolved during the course of the night and the network is stable again," Volkswagen said, without providing details on the impact or cause of the incident. The global production network is up and running, and production is expected to proceed as planned," it said, adding individual systems may still be affected during a transitional phase. "We need safety systems here that work," Wissing told broadcaster RTL/n-tv.

Persons: Mike Blake, Volker Wissing, Wissing, Christoph Steitz, Miranda Murray, Kim Coghill, Elaine Hardcastle Organizations: Los Angeles Auto, REUTERS, Rights, VW, Volkswagen, Porsche AG, Audi, Toyota, RTL, Thomson Locations: Los Angeles , California, U.S, Wolfsburg, Emden, Osnabrueck, Hanover, Dresden, Zwickau, Braunschweig, Kassel, Chemnitz, Salzgitter

Gwinnett County police said Emanuel Rene Esfahani, a 20-year-old Lawrenceville man, turned himself in Tuesday and is charged with five counts of vehicular homicide. He's also charged with reckless driving, racing, speeding, unsafe lane change and not wearing a seatbelt. Investigators say Esfahani was racing a pickup truck driven by 18-year Hung Nguyen about 4 a.m. on Labor Day on Georgia 316 when the two came upon a slower vehicle. But Esfahani came upon a truck stopped in the emergency lane and swerved left, striking Nguyen's Toyota Tacoma. One had not been wearing a seatbelt, but investigators could not determine if the second passenger had been wearing one.

Persons: Emanuel Rene Esfahani, He's, Esfahani, Hung Nguyen, Nguyen, Katy Gaitan, Ashley Gaitan, Coral Lorenzo, Abner Santana, Lorenzo, Jonathan Reyes, Ryan Winderweedle Organizations: Associated Press, Labor, Georgia, Police, Infiniti, Toyota, Atlanta, Lawrenceville, Lakeside High School, Tacoma Locations: DULUTH, Ga, Georgia, Atlanta, Gwinnett, Lawrenceville, Gwinnett County, Toyota Tacoma, DeKalb County, Tacoma

☆ Current UAW demands could increase EV prices up to $5,000 — and 'torpedo' Ford and GM's business model, analyst says
▼ + stars: | 2023-09-27 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementThe current demands from the United Auto Workers union in their labor talks with Ford, GM, and Stellantis could make electric vehicles even more expensive, one analyst said. Ives, a prominent Tesla bull, has said that CEO Elon Musk is poised to come out the winner in the contentious Detroit labor talks. Workers can't be left behind," UAW President Shawn Fain told reporters Tuesday after President Biden's visit to a GM picket line. "We're not against a green economy, but we're against a green economy and the workers get left behind.

Persons: Dan Ives, —, Stellantis, Joe Biden, Ives, Elon Musk, Tesla, Ford, Jim Farley, Shawn Fain, Biden's, We're, It's Organizations: Ford, GM, Tesla, Service, United Auto Workers, Detroit, UAW, Musk's EV, Toyota, Honda, CNBC, Workers Locations: Detroit

☆ Exclusive: Toyota plans third India plant, new SUV as domestic sales surge, sources say
▼ + stars: | 2023-09-27 | by ( Aditi Shah | ) www.reuters.com time to read: +3 min

The plant's proposed initial capacity would expand Toyota's existing manufacturing capacity in India by as much as 30% from 400,000 units currently. A representative for Toyota's India unit declined to comment. Cars originally from Maruti Suzuki's (MRTI.NS) stable such as the Glanza hatchback and Urban Cruiser Hyryder SUV now account for 40% of Toyota's India sales. Toyota, known for its Fortuner SUV and Camry hybrid in India, told Reuters earlier in September it expects record domestic sales in 2023. If Toyota does decide to press ahead with the model, parts would be imported for assembly in India, they said.

Persons: Maruti Suzuki, Suzuki, Aditi Shah, Edwina Gibbs Organizations: Toyota, Suzuki, Maruti, Cruiser, Reuters, 340D, Hyryder, Thomson Locations: DELHI, India, Europe, North America, Southeast Asia, Bidadi, Karnataka

She cited unpublished information from Vietnam's Ministry of Natural Resources and Environment, which did not respond to requests for comment. In recent years, Japanese investors Toyota Tsusho and Sojitz abandoned projects at Dong Pao after China ramped up supply, pummelling prices. Reuters GraphicsStill, rare earths at Dong Pao are relatively easy to access and are mostly concentrated in bastnaesite ores, according to the Hanoi University of Mining and Geology. The plant has capacity to process 5,000 tons of REO a year but the company plans to treble that to accommodate input from Dong Pao, Tuan said. The metallization process is controlled by China, which produces 90% of rare-earth metals, according to the U.S. Department of Energy.

Persons: Dong Pao, Blackstone, VTRE, Tessa Kutscher, Anh Tuan, Joe Biden, Kutscher, Sojitz, Dylan Kelly, Vingroup, Rivian, Dong, Tuan, David Merriman, John Rockhold, Dudley Kingsnorth, Francesco Guarascio @fraguarascio, Khanh, Melanie Burton, Trevor Hunnicutt, Mai Nguyen, Phuong, David Crawshaw Organizations: REUTERS, Australia's Blackstone Minerals Ltd, Vietnam's Ministry of Natural Resources, Earth JSC, U.S, . Geological Survey, Reuters, Toyota, Terra Capital, Blackstone, Hanoi University of Mining, REO, White House, Department of Commerce, U.S . Chamber of Commerce, Strategic, ASM, Reuters Graphics Reuters, U.S . Department of Energy, Western Australian School of Mines, Curtin University, Thomson Locations: Nam, Lai Chau, Vietnam, Pao, HANOI, Dong, Beijing, China, Hanoi, U.S, Dong Pao, VTRE, South, Khanh Vu, Melbourne, Seoul, Washington, Phuong Nguyen

REUTERS/Michael Swensen Acquire Licensing RightsCHICAGO, Sept 21 (Reuters) - United Auto Workers (UAW) members rallied against the Detroit Three automakers in multiple U.S. states on Thursday afternoon as Friday's deadline loomed for a threatened expansion of the union's strikes. The UAW last week launched unprecedented, simultaneous strikes at one assembly plant each of General Motors (GM.N), Ford (F.N) and Chrysler parent Stellantis (STLAM.MI). UAW workers want to end a tiered wage structure that they say has created a large gap between newer and older employees, forcing some to work two jobs to make ends meet. On Thursday morning, Fain posted a video message on X, formerly known as Twitter, to UAW members about the Friday deadline, showing scenes from several Hollywood movies with the characters saying "tick tock." Fain has said Detroit automakers have not shared their huge profits with workers while enriching executives and investors.

Persons: Phaedra Grant, Michael Swensen, Ayanna Dixon, Shawn Fain, Fain, Ford, Stellantis, Joe Biden, Karine Jean, Pierre said, Ram, Morgan Stanley, Adam Jonas, Eikon, Mark Reuss, Reuss, Tesla, Bianca Flowers, Hyunjoo Jin, David Shepardson, Ben Klayman, Kannaki, Peter Henderson, Jamie Freed, Nick Zieminski, Matthew Lewis Organizations: Ford, UAW, REUTERS, Rights, United Auto Workers, Detroit Three, General Motors, Chrysler, Reuters, GM, GM's, Silverado, Detroit, Detroit Free Press, Toyota, Tacoma, EV, Thomson Locations: Louisville , Kentucky, U.S, Chicago, San Francisco, Louisville, Washington, Detroit, Bengaluru

☆ Toyota to speed up EV production, aims for over 600,000 vehicles in 2025, Nikkei reports
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Toyota EV car is seen at the Bangkok International Motor Show in Bangkok, Thailand, March 30, 2022. REUTERS/Soe Zeya Tun Acquire Licensing RightsCompanies Toyota Motor Corp FollowTOKYO, Sept 22 (Reuters) - Toyota Motor (7203.T) will speed up production of electric vehicles of its Toyota and luxury Lexus brands, the Nikkei newspaper reported on Friday. The Nikkei report said the Japanese automaker was likely to step up production of battery-powered vehicles over the coming years to reach annual output of more than 600,000 vehicles in 2025. The company has previously said it targets sales of 1.5 million EVs annually by 2026 and 3.5 million, or about one-third of current global volume, by 2030. It sought to raise EV production to about 150,000 vehicles in 2023 and gradually increase it further to the 190,000-vehicle range next year, Nikkei said.

Persons: Soe Zeya, Daniel Leussink, Himani Sarkar, Jane Merriman Organizations: Toyota, REUTERS, Rights, Toyota Motor Corp, Lexus, Nikkei, Thomson Locations: Bangkok, Thailand

☆ Thailand's new PM meets Tesla chief Musk in New York
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsBANGKOK, Sept 21 (Reuters) - Thailand's new Prime Minister Srettha Thavisin said on Thursday he met with Tesla (TSLA.O) chief Elon Musk in New York, where they discussed the electric vehicle industry. Srettha, who is in New York to attend the United Nations General Assembly, said he spoke with Musk about EV manufacturer Tesla and his rocket and satellite company SpaceX, including its internet venture Starlink. Around half of all regional EV sales are from Thailand, followed by Vietnam and Indonesia, with Chinese carmakers like BYD leading by a wide margin. Tesla, also popular in Thailand, launched models in the growing market last year.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Srettha Thavisin, Tesla, Asia's, Srettha, Chayut Setboonsarng, Jane Merriman, Richard Chang Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Rights, EV, United Nations General Assembly, Twitter, Toyota, Honda, Thomson Locations: Paris, France, Rights BANGKOK, New York, Thailand, Southeast Asia, Japanese, Vietnam, Indonesia, Asia

The teens, ages 18 and 16, appeared separately before a judge who scheduled each to appear again next Tuesday in Las Vegas Justice Court. The 16-year-old was arrested Tuesday on suspicion of murder and other charges after the video of the bicycle crash circulated widely on the internet. Probst’s widow, Crystal Probst, and daughter, Taylor Probst, were in court for Thursday's hearing but left immediately afterward without speaking with reporters. Male voices in the car can be heard laughing as the vehicle steers toward Probst and rams the bicycle. Wolfson declined to say Thursday whether police have the cellphone on which the video was allegedly recorded.

Persons: Andreas “ Andy ” Probst, ”, Steve Wolfson, Wolfson, David Westbrook, Rebecca Saxe, Probst’s, Crystal Probst, Taylor Probst, Probst Organizations: LAS VEGAS, Las Vegas Justice, Police, Associated Press, Hyundai, Toyota Corolla Locations: Las Vegas, Las, Los Angeles, Bell, ” Clark County, Nevada

☆ Detroit Three under pressure to progress UAW talks, avoid wider auto strikes
▼ + stars: | 2023-09-21 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +3 min

Striking United Auto Workers members picket outside the Stellantis Jeep plant in Toledo, Ohio, U.S. September 19, 2023. The UAW last week launched unprecedented, simultaneous strikes at one assembly plant each of General Motors (GM.N), Ford (F.N) and Chrysler parent Stellantis (STLAM.MI). The city is home to Ford's Louisville assembly plant and its Kentucky truck plant. Ford CEO Jim Farley has previously said the Kentucky truck plant, which assembles F-Series trucks, is the company's most profitable plant globally. Fain has said Detroit automakers have not shared their huge profits with workers while enriching executives and investors.

Persons: Rebecca Cook, Stellantis, Shawn Fain, We're, Jim Farley, Ram, Eikon, Fain, Mark Reuss, Reuss, Hyunjoo Jin, Jamie Freed Organizations: United Auto Workers, REUTERS, UAW, Detroit Three, General Motors, Ford, Chrysler, Wednesday, GM, GM's, Silverado, Detroit, Detroit Free Press, Toyota, Tacoma, EV, Thomson Locations: Toledo , Ohio, U.S, furloughing, Louisville , Kentucky, Louisville, Kentucky, San Francisco

☆ Auto jobs are booming in the union-hostile South
▼ + stars: | 2023-09-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

New York CNN —Looming over the United Auto Workers strike: Automakers’ continued migration to the anti-union South. Jobs at nonunion EV battery facilities pay less than the roughly $32 an hour that veteran UAW workers make. Since 1990, the South’s share of auto jobs has doubled from around 15% to 30% today, according to S&P Global Market Intelligence. Mostly nonunion EV jobs and manufacturing investments are surging in Southern states led by Republicans. The South has picked up 66% of planned EV jobs, while projects in Midwestern states such as Michigan, Indiana, Kansas and Ohio have combined for 26% of planned jobs, according to S&P Global.

Persons: ’, Ford, nonunion autoworkers, ”, Stephen Silvia, Southern, Mason, Honda, Deni McIntyre, unionize, “ It’s, Nelson Lichtenstein, Jeffrey Greenberg, Lichtenstein, Bill Lee, Nikki Haley, Houston Cofield, Biden, Biden’s, Shawn Fain Organizations: New, New York CNN, United Auto Workers, General Motors, Volvo, Benz, BMW, Toyota, Hyundai, American University, Southern Gamble, Workers, Foreign, Ford, GM, Dixon, Midwest, UAW, EV, P Global Market Intelligence, Nissan, Mercedes, Volkswagen, Kia, CNN, University of California, Clinton Presidency, Universal, Southern Republican, South . Tennessee Gov, Former South Carolina Gov, Republicans, North Carolina –, Environmental Defense Fund, P Global, Ford Motor Co, SK Innovation Co, Bloomberg, Getty, Big Three Locations: New York, Detroit, Smyrna , Tennessee, Spartanburg , South Carolina, Vance , Alabama, Lincoln , Alabama, Germany, Santa Barbara, Clinton, Korean, United States, Tennessee, Kentucky, Alabama, South, Chattanooga, Southern, – Georgia, South Carolina , Kentucky, North Carolina, Midwest . Georgia, Michigan, Indiana , Kansas, Ohio, Stanton , Tennessee, BlueOval

[1/2] A sign outside the Guru Nanak Sikh Gurdwara temple is seen after the killing on its grounds in June 2023 of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 18, 2023. REUTERS/Chris Helgren Acquire Licensing RightsSept 18 (Reuters) - Canadian Prime Minister Justin Trudeau said on Monday Canada was "actively pursuing credible allegations" linking Indian government agents to the murder of a Sikh separatist leader, Hardeep Singh Nijjar, in British Columbia in June. * First responders located a man, later identified as 45-year old Hardeep Singh Nijjar, suffering from multiple gunshot wounds inside a vehicle. * In July, investigators released information to the public of the believed route taken by the two suspects after the murder. * There were suspicions raised by local community members that there may have been foreign interference in the murder of the Sikh separatist leader.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Nijjar, Timothy Pierotti, Trudeau, Melanie Joly, Kanishka Singh, Michael Perry Organizations: REUTERS, Canadian, Monday Canada, Canada's Royal Canadian Mounted Police, RCMP, Homicide, Toyota Camry, Thomson Locations: Surrey, British Columbia, Canada, India, Washington

☆ The boss of the United Auto Workers union said Tesla workers are 'scraping to get by' so that 'greedy people like Elon Musk can build more rocket ships'
▼ + stars: | 2023-09-19 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

The United Auto Workers president Shawn Fain defended worker demands for a 40% pay increase. He appeared on CBS on Sunday saying a pay rise won't stop automakers from making "billions in profits." He also criticized Tesla CEO Elon Musk, calling him "greedy." "Most of these workers in those companies are scraping to get by so that greedy CEOs and greedy people like Elon Musk can build more rocket ships and shoot their self into outer space. AdvertisementAdvertisementIf the UAW wins on its demands for higher pay, the Detroit 3's hourly labor costs could more than double to $136 an hour, according to Wells Fargo estimates.

Persons: Shawn Fain, Tesla, Elon Musk, Elon, Stellantis —, Fain Organizations: United Auto Workers, CBS, Service, United Auto Workers union, Detroit, Ford, General Motors, UAW, Tesla, Toyota, Workers, GM Locations: Wall, Silicon, United States, Wells

☆ Car buying was finally getting better. The auto workers' strike will make it bad for everyone again.
▼ + stars: | 2023-09-19 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

The United Auto Workers union is on strike, targeting a select few Detroit 3 car factories. After years of a pandemic-driven supply-and-demand car crunch that jacked up new and used vehicle prices and shrunk dealership supply, car buyers had just started to see a little respite. The used car market has been trickier to generalize, but even used vehicle listing prices finally dropped slightly in July. "Pricing may well go up just because of scarcity, and if that happens, then the consumer that potentially was buying a new car would move to the used car market," Russell Hensley, partner in McKinsey's global automotive and assembly practice, said. "Prices will likely go up in the used car market."

Persons: Pat Ryan, Kelley, Cadillac, Jeep Wrangler, Ryan, Russell Hensley Organizations: United Auto Workers, Detroit, UAW, Service, Ford, GM, GMC, Buick, Chrysler, Chevrolet, Cox Automotive, Honda, Toyota, Kia, Jeep Locations: Wall, Silicon, Detroit, Wayne , Michigan, Wentzville , Missouri, Toledo , Ohio

☆ In EV battle, Toyota bets on new technology and old-school thinking
▼ + stars: | 2023-09-18 | by ( David Dolan | ) www.reuters.com time to read: +5 min

He pointed to engineering and technology expertise anchored in "TPS", shorthand for the Toyota Production System. Toyota revolutionised modern manufacturing with its system of lean production, just-in-time delivery and "kanban" workflow organisation. ASSEMBLY LINE, GIGACASTINGOne innovation being emphasised by Toyota is its self-propelled production lines, where EVs are guided by sensors through the assembly line. Toyota also showed off a prototype of the die-casting technology known as "gigacasting" pioneered by Tesla that produces aluminium parts far bigger than anything used before in auto manufacturing. Like Tesla, Toyota says it will produce EVs in modular sections, reducing parts.

Persons: EVs, Goldman Sachs, Kazuaki Shingo, Tesla, Koji Sato, David Dolan, Jamie Freed Organizations: Toyota, TOYOTA CITY, TPS, System, United Auto Workers, Tesla, Thomson Locations: Japan, gigacasting, Toyota City, Motomachi

☆ Police Arrest 29-Year-Old in Ambush Shooting of Los Angeles County Deputy
▼ + stars: | 2023-09-18 | by ( Adeel Hassan | More About Adeel Hassan | ) www.nytimes.com time to read: +1 min

“He never gave our deputy a chance, but yet our men and women gave this individual a chance to take him into custody peacefully,” Sheriff Luna said at the news conference. Sheriff Luna said on Monday that media reports, which circulated photos and a description of the vehicle, were helpful in eliciting the tips that led to the arrest. The vehicle in question, as well as several firearms, were taken by investigators at the house, Sheriff Luna said. “Not just anybody becomes a field training officer,” Sheriff Luna said over the weekend. “It’s usually the best of the best.”“Our deputy was a devoted family member and a cherished community member,” Sheriff Luna said in a statement Sunday.

Persons: “, Sheriff Luna, Clinkunbroomer, ” Sheriff Luna, “ It’s, ” “ Organizations: Toyota, ” Locations: Palmdale

☆ Ford and GM workers already make $20 more per hour than Tesla employees. Their union's demands would double that gap.
▼ + stars: | 2023-09-18 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Detroit executives have Tesla in mind as they reject the UAW's big demands. The labor cost gap between the Detroit 3 and Tesla is already staggering. Tesla is the "clear winner" in the UAW strike, one analyst said. The UAW launched a first wave of targeted strikes last week after months of negotiations for new labor contracts with Ford, GM, and Jeep-owner Stellantis. Tesla spends about $45 an hour on labor (this cost combines hourly wages and benefits), while Ford, GM, and Stellantis are currently spending about $66 an hour on their labor, according to industry analysts.

Persons: Tesla, Stellantis, Wells, Elon, Dan Ives Organizations: Detroit, UAW, Service, United Auto Workers, Ford, GM, Deutsche Bank, Toyota, Honda, Tesla, Thrones Locations: Wall, Silicon, Detroit, Michigan , Ohio, Missouri, Wells Fargo

A parking bay reserved for electric car charging can be seen on display in London, Britain, October 19, 2018. REUTERS/Simon Dawson/File photo Acquire Licensing RightsSINGAPORE, Sept 18 (Reuters) - Fully electric refrigerated trucks for delivering food and pharmaceuticals are expected to give a Singapore-based startup the edge to crack into the crowded Chinese electric vehicle (EV) market. A viable cold storage electric vehicle could be a lucrative niche for Singauto inside the Chinese EV market, the world's largest. The constraint has slowed the adoption of pure electric trucks by cold-chain fleet operators, though automakers including Geely (GEELY.UL) and Toyota (7203.T) offer hybrid models and hydrogen-powered trucks as alternatives. Liu said Singauto can turn profitable with sales of 30,000 trucks, in part because it has outsourced the design, engineering and manufacturing of the vehicle.

Persons: Simon Dawson, Liu Yuqiang, Liu, China's CATL, Wang Xun, ” Wang, We're, Chen Aizhu, Kevin Krolicki, Zhang Yan, Miyoung Kim Organizations: REUTERS, Rights, Singauto Technology, Reuters, EV, Toyota, Shanghai, Automotive Technology, Cynergy Global Investment, Thomson Locations: London, Britain, Rights SINGAPORE, Singapore, Beijing, Qingdao, Southeast Asia, China, U.S, Asia

Importantly, the site is near Wright-Patterson Air Force Base and the headquarters of the U.S. Air Force Research Laboratories. With this announcement, that aspiration has been realized.”Political Cartoons View All 1163 ImagesThe Wright brothers, Orville and Wilbur, lived and worked in Dayton. Joby CEO JoeBen Bevirt told the AP that the company chose Ohio after an extensive and competitive search. 3 in the nation on manufacturing jobs — and that depth of manufacturing prowess, that workforce, is critical to us as we look to build this manufacturing facility. That included the loss of tens of thousands of auto and auto parts manufacturing jobs in the early 2000s and the loss of ATM maker NCR Corp.'s headquarters to an Atlanta suburb in 2009.

Persons: Wright, Mike DeWine, Jon Husted, ” Husted, Orville, Wilbur, Orville Wright's, Hawthorn Hill, Joby, JoeBen Bevirt, Bevirt, J.P, Nauseef, that’s, —, ” Bevirt, DeWine —, John Glenn, Neil Armstrong Organizations: Joby Aviation Inc, ” Republican Gov, Associated Press, Intel, Dayton International, Republican, Gov, Patterson Air Force Base, U.S . Air Force Research Laboratories, “, U.S, Hawthorn, Wright Model B, Toyota, Delta Airlines, Air Force, U.S . Department of Energy, AP, Boeing, Airbus, NCR Corp, U.S . Air Force’s, . Space Command, Space Force Locations: COLUMBUS , Ohio, Ohio, Wright, Dayton, Santa Cruz , California, “ Ohio, Atlanta, Springfield, Marina , California

☆ This individual investor favorite has endured even as other meme stocks fell from favor
▼ + stars: | 2023-09-17 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Retail traders have made the leap from so-called meme stocks , including GameStop and AMC , over the past few years. All the while, Tesla inflows from retail traders have mostly climbed in the past half decade, according to data analyzed by Vanda Research. "It's a growth stock, but it's really a hopes-and-dreams stock," said Irwin, who covers Tesla and other clean technology stocks. Tesla's climb also comes amid a broader buy in from retail investors in their favorites. "This is probably a golden era for Tesla," Irwin said.

Persons: Tesla, —, Roth, Craig Irwin, Irwin, it's, Elon Musk, Ford, hasn't, Dan Levy, Toyota's Organizations: GameStop, AMC, Vanda Research, Trust, General Motors, Barclays, Toyota Locations: Wall, U.S, China, Europe

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