
Scout Motors will locate its corporate headquarters in Charlotte, North Carolina, bringing more than 1,200 jobs to the area. It will be an hour from its production facility, now being built in South Carolina.
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GM will invest $4B in U.S. plants to boost gas and EV production, expanding capacity to over 2 million vehicles annually and supporting American manufacturing jobs.
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More than $100 million in funding has been designated by the White House for small- and medium-sized auto parts manufacturers to expand or retool manufacturing facilities as part of a transition to producing battery-electric vehicles.
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Following a net loss of $103.8 million in fiscal year 2023, Lion Electric Company is reporting it plans to cut workforce and reduce costs in several additional areas.
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Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.
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The United Auto Workers contract with the Detroit Big 3 automakers expires Sept. 14 as new inventory remains 68% above last year's level.
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The move is part of the Ford+ plan and will generate 1,250 new jobs and focus on the next-generation Ford Ranger pickup and Ford Everest SUV vehicles.
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The shutdowns come to fight the spread of COVID-19/coronavirus after workers at multiple plants tested positive.
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Volkswagen de Mexico announced a new investment of $118 million to mark the start of the second stage of its engine plant located in the Guanajuato Puerto Interior industrial park.
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