Each auto company has unique problems, but common to many are growing stockpiles of pricey vehicles on dealer lots, requiring increased discounts to sell them to buyers with stressed-out household budgets.
Allison is Indiana’s 18th largest public company in terms of annual revenue, reporting $3 billion in sales and $672 million in profit for 2023.
Ionna, based in Durham, North Carolina, plans to install at least 30,000 charge ports in North America by 2030. Other automakers supporting Ionna include BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz and Stellantis.
Detroit Diesel Remanufacturing LLC said the closure will affect a total of 80 workers, the first of which are expected to be laid off next month.
IndyCar expressed encouragement and excitement about the hybrid engine in a statement after the race that cited the collaboration between Chevy and Honda.
The National Highway Traffic Safety Administration said in a statement Wednesday that certain GM vehicles from the 2012 through 2018 model years did not comply with federal fuel economy requirements.
Sales were crimped in late June, when cyberattacks knocked out software from CDK Global that dealerships use to do sales paperwork.
CDK suffered two cyberattacks that forced its systems offline for days, slowing down everything from scheduling, service repairs, parts deliveries and car purchases at auto dealerships in both the U.S. and Canada.
Stellantis CEO Carlos Tavares expressed dissatisfaction at the operation of some U.S. plants on Thursday, and took responsibility for not reacting quickly enough to address that issue.
Fain, a Kokomo native, is under investigation by a court-appointed watchdog who has been working to stamp out corruption at the union in the wake of its stunning bribery and embezzlement scandal several years ago.
Worries about cost are widespread, as are other practical concerns. Range anxiety—the idea that EVs cannot go far enough on a single charge and might leave a driver stranded—continues to be a major reason why many Americans do not purchase EVs.
Tesla is facing a string of lawsuits around the country that blame various defects for fatal or otherwise serious collisions.
The National Highway Traffic Safety Administration unveiled the final version of the new regulation on Monday and called it the most significant safety rule in the past two decades.
The Legacy, which was designed for the American market, became the first Subaru manufactured in the United States when the Japanese company began production at its plant in Lafayette, Indiana, in 1989.
With the pace of U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will add more gas-electric hybrids to its model lineup.
Most automakers reported strong year-over-year sales increases from January through March, but General Motors, Stellantis, Kia and Tesla all reported declines.
The new rules relax initial tailpipe limits proposed last year but eventually get close to the same strict standards set out by the Environmental Protection Agency.
Japanese automakers have fallen behind rivals such as Tesla of the U.S. and BYD of China in developing EVs, partly because they have historically been so successful with combustion engine vehicles.
Operations at the 781,500-square-foot Tipton Transmission Plant, which includes three buildings and spans 103 acres, were quietly suspended last summer.
The union said last week said that nearly 9,000 workers at the massive plant in Louisville would walk picket lines starting Friday if the contract dispute was not resolved.
