Author: Mike Smith
Automotive General Motors (GM) is about to implement a workforce reduction, affecting a complete of 1,314 employees across two Michigan plants. The choice stems from the corporate’s strategic move to stop production of certain vehicles, as outlined in a WARN notice filed by GM. The majority of the layoffs, totaling 945 jobs, will happen on the Orion Assembly plant in Orion Township, with the method commencing on January 1. This move follows GM’s October announcement, which revealed a one-year delay within the production of two all-electric pickups on the Orion facility. Consequently, the factory is slated for closure at the…
Automotive Maine is currently deliberating whether to embrace California-style regulations geared toward significantly restricting the sale of latest gas-powered vehicles, with the goal of promoting electric vehicle (EV) adoption. Scheduled for a call on December 21, the proposal has sparked debates between supporters and critics, reflecting a broader nationwide conversation on environmental policies. Advocates argue that the measure accelerates the continued shift towards electric vehicles, emphasizing the urgency of meeting environmental targets. The proposed standards, if approved, would take effect for 2027 models and mandate that 82% of latest vehicles sold be classified as zero-emission by the 2032 model 12…
Automotive General Motors (GM) is about to pay $8 million to United Auto Employees (UAW) members as compensation following an arbitration process related to the closure of plants in 2019. The ruling, which was reached in September, was recently announced by UAW-GM Vice President Mike Booth in a letter addressed to the union members. In accordance with Booth, the compensation covers various elements, including lost extra time, 401(k) and pension contributions, performance bonuses, and nearly $800,000 in interest. He stated that the arbitrator awarded nearly every little thing the UAW sought as a treatment for GM’s breach of its 2015…
Automotive In a comprehensive exploration of Tesla’s groundbreaking Cybertruck, Jason Cammisa sheds light on the engineering marvels that set it aside from conventional pickup trucks. On the forefront of innovation is the Cybertruck’s stainless-steel (“HFS”) exoskeleton construction, accompanied by substantial aluminum castings and a structural battery pack, components that contribute to its unparalleled durability. Cammisa offers a firsthand account of witnessing a live side-impact crash test at Tesla’s Crash Lab, showcasing the truck’s formidable exterior. The parallels drawn with the long-lasting Lamborghini LM002 pickup, colloquially often called the “Rambo Lambo,” reveal striking similarities beyond the chrome steel exterior. This features…
Automotive The 2023 J.D. Power Initial Quality Study has been released, unveiling a concerning trend within the automotive industry. While there are signs of improvement in vehicle inventory, pricing, and the provision chain, the study highlights a decline in vehicle quality in comparison with the previous 12 months. The study, which surveyed owners of 2022-model-year vehicles, aimed to evaluate the typical rate of problems per 100 vehicles (PP100) through the first 90 days of ownership. Unfortunately, the outcomes showed that overall problems exceeded the previous 12 months’s record high. In 2020, the typical was about 166 problems per 100 vehicles,…
Automotive The electrical vehicle (EV) market in america is poised to realize a historic milestone this 12 months, with projections indicating that EV sales will reach a record 9% of all passenger vehicles sold. This marks a notable increase from the 7.3% share observed in 2022. Atlas Public Policy predicts that over 1 million EVs will probably be sold within the U.S. in 2023, potentially reaching between 1.3 million and 1.4 million units, signifying the primary time such numbers have been achieved in a single calendar 12 months. Despite this progress, the U.S. still lags behind other nations equivalent to…
Automotive The Ford GTX1, an ultra-rare and highly coveted modern classic, stands out as an emblem of automotive exclusivity with only about 40 units in existence. For affluent collectors, acquiring one proves to be a formidable challenge. Nevertheless, the chance to own the second-ever produced GTX1, owned by a great friend of ours at Automotive Addicts, has arisen because it becomes available for bidding on Bring A Trailer. Crafted under the auspices of the Gennaddi Design Group, sanctioned by Ford, the initial plan was to provide a limited run of Ford GT roadsters, estimated to be around 500 vehicles. This…
Automotive Lexus is actively expanding its electric vehicle (EV) lineup, with recent trademark filings suggesting that one in all its upcoming EVs is likely to be named the HZ. The corporate submitted trademark applications for the names “HZ 450e” and “HZ 550e” to america Patent and Trademark Office on November 15. These filings follow earlier submissions for “TZ 450e” and “TZ 550e” in July. The naming conventions align with Lexus’ existing RZ crossover, which was introduced in 2023 because the RZ 450e. While the trademarks indicate potential future models, it’s necessary to notice that automakers often secure names without necessarily…
Automotive The United Auto Staff (UAW) has successfully ratified contracts with all three major Detroit automakers, namely Stellantis, Ford, and General Motors. Nonetheless, the extent of support for the contracts varied among the many automakers, with Stellantis and Ford receiving broader approval from employees in comparison with General Motors. The ratification process saw Stellantis and Ford agreements garnering significant support, with each contracts leading by a considerable margin—68% to 32%. Notably, Ford’s Dearborn Truck Plant and Rouge Electric Vehicle Center in Michigan reported an awesome 78% approval from employees, leading to a substantial lead of greater than 12,000 votes. Similarly,…
Automotive We recently posted that an ex-factory 1962 Ferrari 250 GTO would hit the auction block and potentially set a record. Now, the auction has concluded with an awe-inspiring bang, a pivotal piece of automotive history modified hands as an important Ferrari 250 GTO ever produced found a brand new owner for a staggering $51.7 million, setting a brand new record for any Ferrari sold at auction. Despite initial expectations reaching $60 million, the ultimate hammer price of $47 million proved to be somewhat of a steal for this exceptionally rare 250 GTO. When accounting for extra fees, the whole…
