After months of tense negotiations, Volkswagen's Chattanooga workforce has reached a tentative agreement with the UAW, securing substantial pay raises, improved benefits, and enhanced job protections, marking a major victory for the union's southern organizing push.
The United Auto Workers union announced a tentative agreement with Volkswagen at its Chattanooga, Tennessee assembly plant late Wednesday, marking a significant step in the union's campaign to organize auto factories in the traditionally union-resistant Southern United States.
Volkswagen's Scout Motors has seen the budget for its South Carolina electric vehicle factory balloon by $1 billion to $3 billion, citing facility expansion and supply chain investments as key drivers, even as the U.S. EV market cools.
Volkswagen Group is reportedly reconsidering the future of the all-electric Porsche 718 Boxster and Cayman, citing development hurdles and rising costs. The potential move signals a strategic pivot towards core, high-volume electric vehicles and stricter financial discipline across the auto giant's portfolio.
Scout Motors, the Volkswagen Group's revived off-road brand, faces mounting financial pressure as construction costs for its flagship U.S. production facility balloon by an additional $1 billion, raising total investment to $3 billion amid delays and regulatory hurdles.
The Czech automaker's record 2025 output, exceeding 1 million cars, underscores its expanded role as a key component supplier and manufacturing hub within the Volkswagen Group, driven by strong EV demand and strategic growth in Asia.
From post-IPO darling to a stock trading near historic lows, Rivian faces a critical five-year window. With new models on the horizon and a major Volkswagen partnership, analysts see a path to growth—if it can navigate fierce competition and persistent losses.
Three years after securing $1.3 billion in state incentives, Volkswagen-backed Scout Motors' planned electric vehicle factory faces mounting public costs amid wetland mitigation and inflation, raising questions about risk allocation.
Production setbacks at the Automotive Cells Company (ACC) joint venture have forced Stellantis to postpone several crucial electric vehicle programs, impacting brands like Peugeot and signaling broader challenges for Europe's battery manufacturing ambitions.
Automotive supplier Lear Corporation reported robust 2025 financial results, highlighted by record new business awards in seating and E-Systems, significant operational savings, and a disciplined capital return strategy. While navigating a mixed global auto market, the company outlined a confident outlook for 2026, underpinned by its thermal comfort technology and digital transformation initiatives.
Cabot Corporation's fiscal Q1 2026 results reveal a tale of two segments: its core Reinforcement Materials business faces stiff headwinds from weak tire demand and Asian imports, while its Performance Chemicals unit, led by battery materials, posts robust growth. The company tightens its full-year EPS guidance and outlines cost-cutting measures to bolster cash flow.
Qualcomm reported record fiscal first-quarter revenue of $12.3 billion, driven by flagship smartphone demand and growth in automotive and IoT. However, the company cautioned that near-term handset results face headwinds from an industry-wide DRAM shortage, as memory suppliers prioritize AI data centers.
Major automakers have expressed support for the Trump administration's proposal to significantly relax future fuel efficiency targets, while urging adjustments to specific provisions on credit trading and vehicle classifications.
As the electric vehicle sector moves beyond hype, investors are scrutinizing fundamentals. A comparative analysis of Rivian's strategic pivot and Nio's scale advantage reveals diverging paths in a competitive landscape.
A new industry analysis reveals a 6% average drop in full-coverage auto insurance costs for 2025, offering relief after years of steep hikes. However, the trend is uneven, with premiums rising sharply in several states, deepening an affordability divide across the U.S.
Chancellor Friedrich Merz embarks on a three-day tour of Saudi Arabia, Qatar, and the UAE, aiming to forge new energy and defense partnerships as Berlin seeks to diversify its global alliances and reduce strategic dependencies.
Rivian Automotive has agreed to a $250 million settlement to resolve a securities class action, a move analysts see as clearing a legal hurdle as the company focuses on launching its R2 SUV and expanding its software and autonomy ambitions.
China's market regulator has granted unconditional approval for a strategic joint venture between battery giant CATL and state-owned automaker Chery, marking a significant consolidation in the nation's electric vehicle ecosystem.
Porsche's CEO is reportedly weighing the cancellation of the all-electric 718 Boxster and Cayman, a move reflecting broader industry recalibration amid cooling EV demand, high development costs, and challenges in key markets like China.
Under new CEO Michael Leiters, Porsche is reconsidering its plan to launch electric versions of the 718 Boxster and Cayman. Soaring development costs, softer EV demand, and strategic realignments have forced a high-stakes reassessment of the brand's electrification roadmap.
