Car manufacturers must now raise labor costs as they confront slower-than-expected demand for electric vehicles.
Category: Electric and Hybrid Vehicles
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Deal With U.A.W. Won’t Put Ford at a Disadvantage, Analysts Say
A tentative agreement gives the United Automobile Workers union members at the carmaker their best terms in decades. But the cost to Ford will be manageable, industry experts said.
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Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
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G.M. Profit Down 7% in Strike-Affected Quarter
The carmaker reported $3.1 billion in profit from July through September, which included two weeks of walkouts by the United Automobile Workers.
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Federal Investigators Widen Tesla Inquiry, Company Says
The Department of Justice has sought documents related to vehicle range and “personal benefits,” Tesla said.
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Nonunion Workers Are Playing a Big Role in the Autoworkers’ Strike
The three U.S. automakers say they are already at a disadvantage to nonunion rivals while labor leaders hope that big gains in negotiations will inspire workers in Southern states to unionize.
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Tesla’s Price Cuts Lowered Its Profit
The carmaker made less money in the third quarter as it cut car prices to attract buyers amid stronger competition.
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For Bill Ford, ‘Every Negotiation Is a Roller Coaster’
The executive chairman of Ford Motor counsels patience as his company negotiates with the United Automobile Workers union, which has shut three of his company’s plants.
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Bill Ford Says U.A.W. Strike Is Helping Tesla and Toyota
Mr. Ford, the executive chairman of Ford Motor, said nonunion automakers would make gains against Michigan automakers because of strikes by the United Automobile Workers union.
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U.A.W. Says Auto Strikes Will Become More Unpredictable
The United Automobile Workers union refrained from expanding the strikes at Ford, General Motors and Stellantis but said it could do so at any time.
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Ford Says It Won’t Raise Its Contract Offer to U.A.W.
The company said it had reached the limit of what it could offer to the United Automobile Workers union, which has expanded its strike to Ford’s largest plant.
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Energy Firms, Green Groups and Others Reach Deal on Solar Farms
The agreement could help speed up the development of large solar projects that are often bogged down by fights over land use and environmental concerns.