Months of high interest rates and higher payments slowed consumer enthusiasm for new vehicles in October, but remained strong enough for automakers to post gains. Check out what companies enjoyed the month the most at Headlight.News.
*Daily News*
UAW Chief Fain’s Record Contracts Impacting Entire Industry
When UAW President Shawn Fain said the union was looking not only to win back what the union lost nearly two decades ago and to get more, but also to revive the labor movement in the country, he didn’t know how quickly that would come to his own industry, reports Headlight.News.
SEMA’s Greatest Hits for 2023
Headlight.News brings you the best automaker concepts and news from the 2023 Specialty Equipment Market Association show in Las Vegas.
Toyota Investing Additional $8B into North Carolina Battery Plant
While Ford, General Motors and other makers are scaling back on their EV and battery production plans, Toyota revealed Tuesday it’s doing just the opposite by investing an additional $8 billion into its Toyota Battery Manufacturing North Carolina facility. Get the details at Headlight.News.
Would You Pay $975,000 for a New Cadillac Celestiq? One “Lucky” Neiman-Marcus Customer Will
Cadillac is getting ready to roll out the most expensive vehicle in its history, the exotic Celestiq set to start at just over $300,000. But one customer will wind up paying more than three times that, at least if they opt for a one-off version included in this year’s annual Neiman Marcus Fantasy Gifts list. Checkout out at Headlight.News.
Q&A: SEMA Marketing Chief RJ de Vera and the Changing Auto Aftermarket
It’s one of the biggest events in Las Vegas, and the annual SEMA Show will put the spotlight on the automotive aftermarket when it opens this week. Headlight.News spoke to SEMA’s marketing chief RJ DeVera to get a sense of how this traditionally performance-focused extravaganza is rapidly evolving along with the auto industry, adapting to the era of EVs, finding a new, more diverse audience and even adding a new consumer follow-up, the SEMA Fest, featuring Wiz Khalifa and Imagine Dragons.
GM, UAW Reach Agreement on New Deal
And then there were none. Less than 24 hours after the UAW went on strike at General Motors plant in Spring Hill, Tennessee the two sides got a deal done. Details are sparse, but it’s safe to assume there’s a 25% raise in the deal. Find out more at Headlight.News.
Stellantis Confirms Plans for Midsize Ram Pickup as Part of UAW Settlement
When Stellantis reached a tentative settlement with the UAW on Saturday there was a surprise buried in the agreement. As part of the deal, the automaker will build a long-awaited midsize pickup at the Belvidere, Illinois assembly plant it recently closed. And the new truck is likely to get a hybrid, possibly even an all-electric powertrain.
Stellantis Reaches Tentative Agreement with UAW
The surprises keep coming in the ongoing labor talks — and strikes — between the Detroit Three automakers and the UAW. After securing a deal with Ford a few days ago, it was rumored General Motors would be next, but it turned out to be Stellantis. Find out more at Headlight.News.
Unstoppable? With its 40-Inch Off-Road Tires, That May Describe the GMC/AEV Sierra Grande Concept
Serious off-roaders have gotten plenty of new options lately, like the GMC Sierra AT4X. General Motors’ “professional grade” truck brand has been upgrading things with the of American Expedition Vehicles and, together, GMC and AEV are showing off what could be the “ultimate” package, the Sierra Grande Concept that will make its official debut at the SEMA Show next week.
Ford Rethinks its Costly EV Program – and it’s Not Alone
Ford is rethinking its commitment to battery-electric vehicles, at least in the near term, company officials revealed during an earnings call. It might seem a logical move considering the automaker lost about $37,000 on every EV it sold during the third quarter. But Ford is by no means the only automaker rethinking its commitment as growth in the electric vehicle market slows. Read the story at Headlight.News.
Ford’s UAW Deal Adding to Cost of New Vehicles, EV Development Slowing
Ford turned around its Q3 earnings this year, finishing in the black compared to year-ago results; however, the newly minted tentative agreement with the UAW is tempering the any enthusiasm about the results. Headlight.News has details.