Category Archives: Uncategorized
GM cutting third shift in Tennessee; investing $294M for Cadillac crossover
GM workers on the line last December in Spring Hill. Photo credit: Sanford Myers for General Motors General Motors will lay off the third shift at its plant in Spring Hill, Tenn., to address slowing industry sales and rising inventories. The automaker declined to provide details about how many workers will be impacted or how
U.S. study argues for tougher rules of origin under NAFTA
A Kia assembly plant in Mexico. U.S. content in automotive imports from Mexico declined to 18.1 percent in 2011 from 26.5 percent in 1995, the Commerce Department said Friday. WASHINGTON — Seeking to bolster its case for tougher rules of origin in the North American Free Trade Agreement, the Trump administration released a new study
Tesla worker claims timing of firing denied him lucrative shares
A former Tesla Inc. factory worker filed a lawsuit alleging the company fired him a day before his one-year anniversary, denying him hundreds of thousands of dollars worth of stock options that he claims should have vested. Stephen Platt — who said he began working as a machinist at Tesla’s Fremont, Calif., factory on Aug.
Irma ravages dealer Ed Napleton's reputation
Late on Sept. 8, as Hurricane Irma loomed south of Florida, dealer Ed Napleton’s staff frantically moved hundreds of vehicles to two massive parking garages that Napleton had permission to use. And a social media storm was born. “We did everything right,” the CEO of Napleton Automotive Group, of Oakbrook Terrace, Ill., told Automotive News.
BMW targets $2.4 billion cut to parts outlays in EV push
BMW executives this week outlined plans to roll out at least 12 electric vehicles by 2025. Photo credit: BLOOMBERG BMW AG aims to cut roughly $ 2.4 billion (2 billion euros) from its annual purchasing bill by squeezing costs for transmission components and other parts to help finance the shift to electric vehicles. Amid plans
The faces of FandI fraud
Photo credit: AUTOMOTIVE NEWS ILLUSTRATION Fraud is rising across most U.S. industries, and auto retail is no exception. Old and new types of fraud are keeping dealers and lenders on edge. The annual value of auto loan originations that contain some element of fraud may be as high as $ 6 billion this year, double
