Goldman Moves to Unload GM Credit Card

Updated Nov. 7, 2023 5:44 pm ET Goldman Sachs plans to begin a process to unload its General Motors credit card program in another step away from its failed foray into consumer lending. The bank on Tuesday informed a group of employees within its Platform Solutions division, who work on the GM card, that a … Read more

Toyota Recalls More Than 1.8 Million RAV4 SUVs Over Battery Fire Risk

Updated Nov. 2, 2023 10:29 am ET Toyota Motor is recalling more than 1.8 million RAV4 vehicles over a potential fire risk, the company said. Batteries in certain RAV4 cars from the model years 2013 to 2018 are too small which could cause them to shift during forceful turns and possibly catch fire, the carmaker … Read more

2024 Mazda3 Hatchback: A High-Octane Debate

THE NEXT TIME you put gas in your car, if you still do, take note of the filler flap, where some manufacturers specify the use of premium fuel. Considering the price difference between regular and premium—in my home state of North Carolina last week, 78 cents per gallon—that’s a pretty big ask.  The 2024 Mazda3 … Read more

GM, UAW Reach Tentative Labor Deal to End Strike

Updated Oct. 30, 2023 10:22 am ET General Motors became the last of the Detroit automakers to reach a new tentative labor deal with the United Auto Workers union Monday to end a strike that has spanned more than six weeks, according to people familiar with the talks. This latest accord follows tentative agreements struck … Read more

UAW Expands Strike With GM After Reaching Tentative Agreement With Stellantis

Updated Oct. 28, 2023 7:19 pm ET The United Auto Workers called a fresh strike at a General Motors factory in Tennessee, a surprise walkout after negotiators had been working nearly around the clock to finalize a new contract this weekend. Workers at GM’s factory in Spring Hill, Tenn., were ordered to go on strike … Read more

GM, UAW Move Closer to a Tentative Labor Contract

Updated Oct. 27, 2023 5:23 pm ET The United Auto Workers union is close to completing a tentative agreement on a new contract with General Motors, two days after the union clinched a tentative deal with Ford Motor. The two sides negotiated throughout Thursday night and into Friday morning, and reconvened in the early afternoon … Read more

Ford Retrenches Further on EVs, Citing Waning Demand

Updated Oct. 26, 2023 7:15 pm ET Ford Motor posted $1.2 billion in net income in the third quarter, swinging from a loss in the prior-year period, but it withdrew its guidance for the year, citing the impact of the United Auto Workers strike. The company also said it is pushing out $12 billion in … Read more

EU New Car Sales Rose in September Driven by Hybrids, EVs

New passenger-car registrations rose in September, driven by higher sales of fully electric and hybrid-electric vehicles, the European Automobile Manufacturers’ Association said Friday. Registrations, which reflect sales, increased 9.2% to 861,062 units last month compared with a year earlier, according to the industry group, known as ACEA. This marks the EU car market’s fourteenth consecutive … Read more

Ford Considers Cutting Shift at F-150 Lightning Pickup Plant, UAW Memo Says

Updated Oct. 14, 2023 11:22 am ET Ford Motor is considering cutting a work shift at the plant where it builds its electric F-150 Lightning pickup as demand for the EV truck falters, according to a memo from a United Auto Workers official.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Reference

UAW Spares Carmakers Further Strikes, but Says More Could Come

The union president said the strike is entering a new phase and needs a new approach. Reference