CHATTANOOGA, TN – The United Auto Works has gotten a toehold in the South after workers at Volkswagen’s Tennessee plant voted 73 percent in favor of unionizing. The results released Friday night had 2,628 in favor and 985 opposed. The landslide result will make VW’s factory the first foreign-owned facility …
Read More »Tesla Laying Off More Than 10 Percent Of Its Workforce
AUSTIN, TX – Faced with declining sales and increased competition, electric vehicle maker Tesla told employees on Monday that it will lay off more than 10 percent of its workforce, roughly 14,000 people, to trim costs. Two top executives also resigned. In an email to employees, obtained and reported by …
Read More »Ford CEO’s Pay Rose To Nearly $26.5 Million In 2023
DEARBORN, MI – The total compensation for Ford CEO Jim Farley rose to nearly $26.5 million in 2023, according to a regulatory filing today with the U.S. Securities and Exchange Commission by the automaker. Farley received $1.7 million in salary, plus $20.3 million in stock awards (up from $15.2 million …
Read More »VW’s “RooBadge” Aims To Reduce Accidents With Kangaroos
In Australia, kangaroos are as much of a hazard to drivers as deer are in United States, probably more so. Kangaroos are involved in 90 percent of animal collisions on Australian roads, so Volkswagen is developing an audio device that will alert kangaroos to approaching danger and get them to …
Read More »An Electric Muscle Car? 2024 Dodge Charger Will Be World’s First
AUBURN HILLS, MI – Dodge calls it “the world’s quickest and most powerful muscle car.” It’s also the world’s first all-electric muscle car. How does 670 horsepower and the potential to do 0-60 mph in 3.3 seconds sound? It’s the all-wheel-drive 2024 Dodge Charger Daytona that the brand revealed on …
Read More »Stellantis CEO’s Pay Skyrockets 56 Percent
Executive pay these days is never stingy. And, yes, it’s true that the United Auto Workers contract deal with Stellantis last year got its members an immediate 11 percent pay hike and a 25 percent increase in base wages through 2028, but the pay package revealed this week for the …
Read More »Scout Motors Moves Forward With Factory In SC
BLYTHEWOOD, SC – With a line of old International Harvester Scout models standing sentry, Scout Motors broke ground here Thursday on a $2 billion factory that is slated to begin producing a revived, electric Scout model in late 2026. “We’re here to celebrate the revitalization of an American icon and …
Read More »Which Brands Satisfy Most? Consumer Reports Has Best To Worst
“Consumer Reports” is out with its annual list of vehicle manufacturers whose products owners most adore. Results of the magazine’s annual owner satisfaction survey for 2024 showed EV builder Rivian perched atop the list with Infiniti mired at the bottom. An impressive 86 percent of Rivian owners said they would …
Read More »EV Sales Set Record In U.S. In 2023
ATLANTA – Sales of electric vehicles set a record in the United States in 2023 with nearly 1.2 million models being sold, according to data released today by Kelley Blue Book. EV sales represented a 7.6 percent share of the total U.S. vehicle market, up from a 5.9 percent share …
Read More »GasBuddy Predicts Lower Gas, Diesel Prices In 2024
DALLAS – GasBuddy’s annual Fuel Price Outlook predicts the cost of gasoline and diesel fuel will be lower in 2024. It projects the per-gallon cost of gas will fall to $3.38 from $3.51 in 2023, which would end two years of above average prices. Relief at the pump will be …
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