U.S. assembly plants will be underutilized through EV transition, GlobalData says
Utilization of assembly plants is already far below optimal levels and could decline further if the UAW strike escalates.
GM says UAW strike has cost $800M so far
GM withdrew its 2023 financial guidance and EV production targets through mid-2024 as it reported a 7.3 percent decline in third-quarter net income.
Mitsubishi plans to invest more than $214M in Renault's EV unit
The first step of the collaboration will see Renault’s Ampere unit supply Mitsubishi with an EV for its European lineup.
JLR opens EV test facility as it gears up for electric cars
JLR is investing $19 billion to develop EVs, with a new all-electric Jaguar coming in 2025.
GM workers in Brazil go on strike in protest against layoffs
The strike for an “indefinite period of time” happens as GM announced it was reducing workforce at its three factories in Sao Paulo state after a drop in sales and exports, a move it dubbed “necessary” for its sustainability.