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- Wall St indexes advance with boost from chips, Iran optimism
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U.S. House votes to pause Biden EV regulations
December 7, 2023 3:48 PM ESTThe Republican-led House of Representatives, on Wednesday, voted to prevent the Biden administration from implementing strict regulations on vehicle emissions, which aimed to have 67% of new vehicles powered by electricity by 2032.
"While EVs may play a large role in the future of the auto industry, Washington should not discount other technologies like... More
General Motors (GM) joins with Autocar Industries to build heavy-duty hydrogen vehicles
December 7, 2023 11:50 AM ESTGeneral Motors (NYSE: GM) and Autocar Industries announced Thursday that the two companys have agreed to collaborate on creating hydrogen-fueled heavy vehicles utilizing GM's fuel cell unit, Hydrotec.
These innovative vehicles, aiming for zero emissions, will replace conventional diesel-powered models like cement mixers, dump trucks, refuse trucks, road maintenance... More
Over 1,000 VW workers sign union cards in Tennessee
December 7, 2023 10:34 AM ESTThe United Auto Workers (UAW) union revealed Thursday that more than 1,000 Volkswagen factory workers at the automakers Chattanooga, Tennessee assembly plant have signed union authorization cards.
The news follows an announcement last week where the union said that they would launch a first-of-its-kind push to publicly organize the entire nonunion auto sector in the U.S. A push energized by record contract negotiations with the Detroit Three automakers.
The UAW said last week that when 30% of employees in a nonunionized facility sign cards expressing their... More
Deutche Bank releases their top auto picks for 2024
December 6, 2023 2:55 PM ESTDeutsche Bank recently unveiled its top selections in the automotive sector for 2024, reflecting a mixed year with positive strides and persistent challenges. Despite the positive momentum in volume recovery and encouraging trends in EV adoption, the industry faced hurdles such as the enduring impact of a lengthy UAW strike and fluctuating EV adoption rates due to pricing uncertainties and tax credit fluctuations.
The analysts at Deutsche Bank are cautious about the upcoming year, citing uncertainties in the economic outlook for both Europe and the US. They anticipate a scenario where global automotive volumes either plateau or decline, offering... More
GM’s Cruise faces $1.5M fine for 'misleading' commission over vehicle accident
December 5, 2023 8:37 AM ESTThe Cruise robotaxi division of General Motors (NYSE: GM) is facing potential fines totaling $1.5 million, as well as further penalties, or not revealing specifics of an October 2 accident.
In this incident, a pedestrian was dragged by a robotaxi for 20 feet after being hit by another vehicle, a California agency said.
Separately, GM's CEO Mary Barra mentioned on Monday that the company's external examination of Cruise's safety measures... More

