Tuesday, February 4

Tag: Sports Utility Vehicles

Chrysler-Parent Stellantis Prepares to Offer Buyouts to U.S. Salaried Workers
13Nov By adminNo Comments
World

Chrysler-Parent Stellantis Prepares to Offer Buyouts to U.S. Salaried Workers

Jeep-maker Stellantis is preparing to offer a new round of buyouts to roughly half of its U.S. white-collar employees, as the company continues to cut expenses amid an expensive transition to electric vehicles and higher labor costs from a pending new union contract. Stellantis Chief Operating Officer Mark Stewart said in an all-hands meeting Monday that the company planned to offer voluntary separation packages to nonunion employees with at least five years of experience, according to people familiar with the matter. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Rivian Plans to Make More EV Trucks, SUVs in 2023
8Nov By adminNo Comments
World

Rivian Plans to Make More EV Trucks, SUVs in 2023

Updated Nov. 7, 2023 7:01 pm ETElectric-vehicle startup Rivian Automotive raised its production forecast for the year and said losses narrowed in the third quarter, as the company tries to increase output after a choppy two-year launch.  Rivian also said Tuesday it was no longer required to sell its electric delivery vans exclusively to Amazon.com and was in talks with other potential customers. The companies were negotiating an end to the exclusivity part of their agreement after the online retailer’s order came in at the low end of a previously communicated range, The Wall Street Journal reported in March. Amazon owns a nearly 17% stake in Rivian. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Jeep Maker Stellantis Bets on a Chinese EV Startup, but Is It the Right One?
27Oct By adminNo Comments
Money

Jeep Maker Stellantis Bets on a Chinese EV Startup, but Is It the Right One?

Oct. 26, 2023 11:41 am ETBuying into a Chinese automaker sounds like a great answer to the challenge of making cheaper electric vehicles. If only it were easier to pick winners.Chrysler owner Stellantis said Thursday that it was spending the equivalent of about $1.6 billion to buy a roughly 20% stake in Zhejiang Leapmotor Technology. It will get two board seats and become Leapmotor’s exclusive export partner via a Europe-based joint venture in which Stellantis will own 51%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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UAW Calls Strike on One of GM’s Largest and Most-Profitable Factories
24Oct By adminNo Comments
World

UAW Calls Strike on One of GM’s Largest and Most-Profitable Factories

Oct. 24, 2023 10:34 am ETThe United Auto Workers expanded its strike against Detroit’s automakers with a walkout at one of General Motors’ largest and most profitable factories, marking the second straight day of escalation by the union.About 5,000 unionized workers walked out of GM’s Arlington, Texas, assembly plant Tuesday morning, the union said. The plant makes several large sport-utility vehicles, including the Chevrolet Suburban and Tahoe, GMC Yukon and Cadillac Escalade, which are GM’s highest-profit-margin vehicles globally.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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