#IndustryNews

The United Auto Workers have reached a tentative agreement with all three Detroit automakers. Ford was the first to strike a deal, followed by Stellantis. But General Motors wasn’t far behind and managed to settle things with the union early Monday morning. Based on comments from select UAW members in the know, the final issue reportedly revolved around EV battery plants.

Ohio-based Lordstown Motors has received approval from the U.S. Bankruptcy Court to sell its remaining manufacturing assets to a company owned by its founder and former CEO Stephen Burns for roughly $10 million.

LAS Capital, owned by Stephen Burns, will reportedly receive Lordstown's intellectual property, business data, and any machinery used for manufacturing. However, Taiwan’s Foxconn will retain the factory itself after a financial dispute which ultimately left Lordstown filing for bankruptcy last June. 

The United Auto Workers (UAW) has decided to broaden its strike on Friday. This week’s targets include Ford’s Chicago Assembly Plant, responsible for the Explorer and Lincoln Aviator, and General Motors’ Lansing Delta Township Assembly, responsible for the Chevrolet Traverse and Buick Enclave. 

Stellantis managed to dodge the bullet this time around, with union leadership citing progress made in contract negotiations. It seems the union liked what the automaker had to say regarding the right to strike over plant closures and cost-of-living adjustments. Ford managed to achieve something similar last week. But with the UAW hoping to pit the companies against each other by subjecting them all to strikes, it was inevitable that Blue Oval would be back under union scrutiny. 

On Tuesday, President Joe Biden went to Michigan to join the United Auto Workers auto workers on the picket line after the union expanded striking to 38 additional GM and Stellantis facilities. While Ford has made significant headway with the UAW, even stalling construction of a Michigan battery plant as talks progress, it’s likewise still subject to strikes.

Considering UAW leadership has been extremely clear that it doesn’t want politicians interfering with negotiations since day one, it’s unclear what Biden will be doing during his trip. Thus far, he’s given a few speeches and pledged his support for unionized labor. But his position on electric vehicles has left the UAW with a lukewarm attitude.

Ramifications from the UAW's strike against Detroit automakers was always going to reverberate throughout the industry and suppliers are asking for some concessions. But the reason isn’t wholly down to some of the obstacles created by the recent work stoppages and the long term implications are beginning to mount.

America’s automotive union has committed itself to expanding strikes if leadership feels meaningful progress has not been made by the end of this week. UAW President Shawn Fain has said more factories would be called up to picket if the state of contract negotiations are still deemed lacking on Friday.

While the union hasn’t indicated which (or how many) facilities would be joining the strike, messaging from the UAW has tried to convey to the public that it’s serious about having its demands met and will do whatever it takes to reach its contract goals.

Whenever the issue of vehicular privacy comes up, the discussion almost immediately pivots to individuals either defending or condemning the status quo. But this often happens without either side of the argument having a firm understanding of how much information is actually being obtained inside today’s automobiles.

While we’ve covered the topic frequently, articles have typically focused on specific issues rather than overall scope. But things are different this time, with the Mozilla Foundation recently issuing a study trying to assess just how far-reaching the automotive industry’s quest for data has become.

Last week, Stellantis slid the United Auto Workers (UAW) a contract proposal that would raise hourly workers' pay by 14.5 percent over the next four years. The deal is roughly on par with the 15 percent initially offered by Ford and 16 percent from General Motors. It likewise said it would provide workers $10,500 in inflation-related bonuses while GM offered $11,000 at GM and Ford said it could swing $12,000. Though Stellantis doesn’t appear to be offering any contract ratification bonuses, whereas others manufacturers said they’d be happy to throw in another $5,500.

The United Auto Workers (UAW) is commencing contract negotiations with General Motors, Stellantis, and the Ford Motor Company this week. Members of the union’s executive board, along with UAW President Shawn Fain, appeared outside Stellantis' Sterling Heights Assembly Plant early Wednesday morning to draw attention to the talks.

The plan is to see each manufacturer as a preamble to the formal negotiations, which technically begin on Friday. But the union is also desperate to show itself in a better light after expansive corruption scandals implicated some of its now-ousted top brass. For most people living in North America, wages haven’t kept pace with the cost of living and inflationary pressures are exacerbating the issue. If there was ever a time to get the American public back on the side of unions, it’s now.

On Tuesday, Lordstown Motors Corp. (LMC) officially filed for bankruptcy and sued Foxconn. Though the writing was already on the wall for the Ohio-based electric vehicle manufacturer. Lordstown’s share price collapsed in 2021 and the company has suffered numerous production delays. This seems to have encouraged the Hon Hai Technology Group/Foxconn to back out of its strategic partnership.

But it’s not bad news for everybody. Former chief executive of Lordstown Motors, Steve Burns, managed to sell off every share of his stock before the company filed for Chapter 11. You might remember him as the executive who abruptly quit the company without explanation shortly after LMC's stock valuation slammed into the pavement.

On Tuesday, Toyota Motor Corp. confirmed plans to merge its truck-making subsidiary Hino Motors with the rival Mitsubishi Fuso that’s owned by Daimler AG.

If you’re confused by the news, Mitsubishi only has a minority stake in the Fuso brand with Germany’s Daimler having owned 89 percent of the whole since the early 2000s. Meanwhile, Hino Motors has been wholly owned by Toyota Motor Corp. since 2001 and enjoyed a working partnership with Japan’s largest automaker since the 1960s.

Despite Alpine and Lotus having previously indicated plans to jointly develop a successor to the A110 sports coupe, reports have emerged stating that all work on the project has stopped. With both companies vowing to go electric, the partnership was supposed to help both companies benefit from their performance expertise.

Honda, Suzuki, Kawasaki, and Yamaha have just collectively promised to develop a slew of hydrogen-reliant engines designed to power small vehicles. While this is supposed to encompass construction equipment, small boats, airborne drones, and even motorcycles, the scheme doesn’t seem to focus on automobiles. However, Japanese automakers have already been working on hydrogen fuel cell vehicles for years and Toyota Chairman Akio Toyoda has even been championing the development of hydrogen-burning motors for some of the brand's racing applications.

It’s largely counter to what the rest of the world is doing and begs the question of why Japan seems so intent on making hydrogen power work. What exactly makes the scheme so appealing to the island nation?

On Tuesday, General Motors confirmed Apple’s Mike Abbott as the executive vice president of its Software division — an important role considering that the automaker is betting large on shifting revenue toward connectivity. The company has been stressing the importance of integrated mobile services for years and recently announced it would be dumping Apple CarPlay so that drivers would be required to interface with its proprietary operating system.

Lucid Group’s report for the first quarter of 2023 was off the mark, with the automaker suffering a $780-million net loss. While any burgeoning carmaker should expect to burn through cash for a while, electric-vehicle firms seem broadly dedicated to the practice. Many EV startups have floundered and some have even bordered on shell games, promising things they shouldn’t in the hopes to draw in more investment capital. However, Lucid has seemed committed to delivering enviable products — making the financial report genuinely disappointing.