Toronto-The air here is thick with anticipation as perhaps the most consequential labor negotiations in a generation are set to get underway. Unifor, Canada’s largest private sector union, is now officially at the table with Ford Motor Company in a negotiation that promises to be a difficult and defining moment for Canadian workers. This isn’t […]
Ghosn’s Name Resurfaces in a Tense Nissan Shareholder Showdown
It was the sort of moment that makes a corporate annual meeting feel more like a high-stakes play than a tedious duty. At a hotel in Yokohama that hosted the 127th Ordinary General Meeting of Shareholders for Nissan Motor Co., tension crackled the moment an investor raised a hand. “We need a person like Carlos […]
Volkswagen Weighs Historic Overhaul With Deep Job and Factory Cuts
Volkswagen Is reportedly planning to restructure itself for the first time in 89 years “This is what we have planned,” said Oliver Blume, the company’s Chief Executive Officer and its Chief Financial Officer, Arno Antlitz. Volkswagen is considering eliminating up to 100,000 jobs across the world, as well as closing four of its manufacturing plants […]
Lithium’s Volatile Market Reshapes the Future of Electric Cars
Switching to electric cars is now shaping up as a major turning point in industry. With support from national leaders, cleaner ways to get around are gaining ground. Billions flow into fresh tech as car companies adapt fast. People see these vehicles not as novelties but as real options instead of gas models. Hidden beneath […]
Lucid Motors to Cut 18% of U.S. Workforce, Eliminates COO Role
Electric vehicle maker Lucid Group announced it’s taking a significant step to reshape operations by laying off about 18 percent of its U.S. Workers. Monday’s move is part of cost-saving measures outlined by new Chief Executive Officer Silvio Napoli and included the immediate elimination of the Chief Operating Officer position held by Marc Winterhoff. It […]
America’s Car-Mart Navigates Default Risk with Second Extension
Out of nowhere, America’s Car-Mart Inc. finds itself deep in money trouble. Lenders stepped in again this time offering another delay on payments, just like last time. That pause keeps disaster at bay for now. Still, needing help twice shows things are worse than they seemed. Shares dropped hard, falling fast without slowing. Behind the […]
Stellantis Unveils Ambitious $70 Billion ‘FaSTLAne 2030’ Plan
Aiming to win back the leadership in its field, auto conglomerate Stellantis has now peeled back the skin of a ambitious five year plan to help it navigate a disrupted sector. FaSTLAne 2030, is a $70bn (£60bn) game plan, aiming to get market share back up, bolster profit margins and put Stellantis fortunes back on […]
Outsmart the Dealership: 14 Expert Tips a Former Car Salesperson Swears By
The process of purchasing a car can trigger a special combination of enthusiasm and fear. The idea of riding off in a new car is thrilling but the process leading to the actual moment is usually filled with pressure selling and complicated deals. Most buyers walk out of the dealership feeling like they have been […]
Ford’s New Blueprint: Geely in Europe, Trucks in North America
Change in the worldwide automotive sector is not slow or predictable. It is fast and disruptive, and does not proceed at the same rate in every part of the world. Traditional automakers whose business plans depend on predictability of production and long-term investment will now be forced to reconsider all aspects of their businesses. Electrical […]
Nidec Probes Quality Misconduct, Rocking Global Supply Chains
Japanese motor giant Nidec Corp is struggling with one of the worst crises of its corporate existence. The company has launched an unprecedented large-scale investigation following reports of a suspected violation of quality-related laws covering over 1,000 discrepancies; a scandal which has been greeted with palpable unease across financial markets and industrial supply chains, given […]