Members of the National Samsung Electronics Union stage a rally as they begin a three-day general strike outside the company’s foundry and semiconductor factory in Hwaseong on July 8, 2024. Jung Yeon-je | Afp | Getty Images Workers at South Korean tech giant Samsung Electronics will extend an unprecedented strike over pay and benefits “indefinitely,” … Read more
Kinetic cofounders: CEO Nikhil Naikal, CTO Sander Marques, COO Chris Weber Courtesy: Kinetic Automation While electric vehicle demand is still increasing in the U.S., the sales growth rate for cars that pollute less has cooled down in 2024 due partly to the high cost of insurance and repairs for tech-laden new models. A 2024 study … Read more
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle on May 16, 2024 in Detroit. Michael Wayland / CNBC DETROIT — The Chevrolet Equinox has been a crucial part of General Motors’ lineup for two decades. The vehicle is a quintessential family hauler and a go-to car for people seeking an … Read more
United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg | Getty Images Mercedes-Benz workers in Alabama have voted against union representation by the United Auto Workers, the National Labor Relations Board said Friday. The … Read more
American automakers and their non-Chinese counterparts are fighting an existential battle, as local rivals in China outpace them. Chinese companies flush with government investments and subsidies have leapfrogged the competition in electric vehicle technology and software. U.S. automaker sales have fallen dramatically since their peak a few years ago. “I don’t want to sound overly … Read more
NEW YORK — When Hyundai Motor launched its Genesis luxury brand domestically in 2016, many were skeptical the South Korean automaker — recognized mainly for budget vehicles at the time — knew what it was doing. Among the skeptics were auto industry veterans Randy Parker and Claudia Marquez. Both were working for Nissan’s luxury Infiniti … Read more
Jose Munoz, chief performance officer of Nissan Motor Co., speaks during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, Jan. 15, 2018. Andrew Harrer | Bloomberg | Getty Images NEW YORK – Hyundai Motor is reevaluating its plans to exclusively produce all-electric vehicles at a new plant under construction in Georgia, an … Read more
Genesis Neolun Concept Genesis NEW YORK – Hyundai’s Genesis is previewing the future of the growingly prominent luxury brand with a new large all-electric concept vehicle called the Neolun. The full-size SUV features a sleek exterior design illuminated by long horizontal headlights and taillights reminiscent of the brand’s current EVs, though more modern. The interior … Read more
Andrew Merry | Moment | Getty Images DETROIT — The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup … Read more
Good morning! It’s Thursday, March 7, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Arsonists Shut Down German Tesla Plant For Weeks Tesla’s Gigafactory in Germany isn’t expected to have … Read more
