Vietnamese EV Maker VinFast Appoints Founder Pham Nhat Vuong as CEO Leadership Transition at VinFast Vietnamese electric vehicle maker VinFast announced on Saturday that its founder and primary financial supporter, Pham Nhat Vuong, has taken over the role of chief executive officer as part of the company’s ambitious overseas expansion and dealership sales growth strategy….
Stellantis Proposes Raises and End to Wage Tiers in Showdown with UAW Stellantis, the parent company of Jeep, has made a new proposal to the United Auto Workers (UAW) that includes significant raises and an end to wage tiers. The proposal, which aligns with those from Ford and General Motors, offers nearly 21% in pay…
UAW Launches Strikes Against Detroit Automakers The United Auto Workers labor union has initiated targeted strikes against the three major Detroit automakers early Friday morning. These strikes impact three plants responsible for manufacturing popular models including the Ford Bronco, Chevrolet Colorado, and Jeep Wrangler. This historical event marks the first time the UAW has simultaneously…
General Motors Offers New Proposal to Avoid UAW Strike DETROIT – General Motors is taking steps to prevent a potential strike by the United Auto Workers union. In a new offer presented on Thursday, GM included significant pay increases, more vacation days, and improved benefits for retirees, among other advantages. New Offer Addresses Union Demands…
UAW Union Plans Targeted Strikes in Detroit Auto Industry Introduction The United Auto Workers (UAW) union is preparing to implement targeted strikes at specific plants operated by General Motors, Ford Motor, and Stellantis in Detroit. This is a contingency plan if tentative agreements cannot be reached with the automakers, according to union officials briefed on…
UAW Files Unfair Labor Practice Charges Against GM and Stellantis Introduction The United Auto Workers (UAW) has filed unfair labor practice charges against General Motors (GM) and Stellantis to the National Labor Relations Board, according to UAW President Shawn Fain. Failure to Bargain in Good Faith The charges were filed because both GM and Stellantis…
Cruise to Reduce Robotaxi Fleet in San Francisco Introduction The California Department of Motor Vehicles has informed AsumeTech that Cruise, a subsidiary of General Motors, is planning to reduce its robotaxi fleet by 50% in San Francisco. This decision comes after multiple crashes involving Cruise autonomous vehicles in the city, including one incident where a…
EVgo Reports Strong Q2 Results, Increases Full Year Guidance Overview EV charging network operator EVgo has reported better-than-expected second-quarter revenue and a narrower loss. The company’s network usage has increased, driven by more EV drivers and the success of its private-label eXtend unit. Key Numbers Loss per share: 8 cents vs. 27 cents expected. Revenue:…
UAW President Shawn Fain Takes New Approach in Contract Talks with Detroit Automakers During this year’s contract talks with General Motors, Ford Motor, and Stellantis, United Auto Workers (UAW) President Shawn Fain is leading the union with a different strategy. Fain aims to gain national support for organized labor while taking on “corporate greed” and…
Tesla to Partner with Stellantis for Supercharger Stations Tesla to Partner with Stellantis for Supercharger Stations Introduction European auto giant Stellantis, which owns brands including Chrysler, Peugeot, and Maserati, is tipped to be the next company to sign a deal with Tesla to use its supercharger stations, according to RBC analyst Tom Narayan. It would…
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