Business

An Update From the Front

Left or right, right or wrong, it's hard to do any business in the U-S-of-A without keeping an eye on politics. In the auto industry, this rings especially true.
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An Update From the Front

UAW vs. Stellantis: Strike Threat Looms

The United Auto Workers (UAW) is gearing up for a potential national strike against Stellantis, accusing the automaker of breaking key commitments to the Belvidere, Illinois plant. The union claims Stellantis failed to launch the promised Mopar Mega Hub and delayed other crucial operations. UAW President Shawn Fain has emphasized the union's readiness to strike if necessary, raising concerns about the broader impact on jobs and investments nationwide.

Stellantis's Response: Delay, Not Cancellation

In response to the UAW's strike threat, Stellantis confirmed it plans to delay—but not cancel—the reopening of the Belvidere Assembly Plant. The company asserted that it has not violated its commitments under the collective bargaining agreement, citing market conditions as the reason for the delay. Stellantis also argued that the UAW cannot legally strike over this issue, as the union had agreed to language allowing the company to modify product investments and employment levels.

Trump and EVs

Former President Donald Trump has recently voiced concerns about the fairness of EV tax credits in the U.S. He argues that these incentives may harm American jobs and create an uneven playing field among automakers. Trump's skepticism highlights a broader debate over the role of government in promoting electric vehicles.

Trump and Musk

In a notable meeting, Trump and Tesla CEO Elon Musk discussed the implications of EV tax credits. While Trump questioned their impact on industry competitiveness, Musk stressed the importance of these incentives for keeping the U.S. at the forefront of global EV adoption. Their exchange underscores the ongoing tension between economic policy and environmental goals in the automotive sector.

Waymo Unveils Generation 6 Technology

Waymo unveiled its sixth-generation self-driving technology, featuring fewer sensors and cameras for cost efficiency, integrated into roomier Geely Zeekr EVs. The new robotaxis aim to perform better in diverse weather and are part of Waymo's plan to scale its services across U.S. cities with a $5B investment.

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