Broad Support for Strikes:
A recent Reuters/Ipsos poll reveals a majority of Americans, including both Democrats and Republicans, support the workers on strike in both the auto industry and Hollywood. 58% support the unique joint strike by the United Auto Workers (UAW) union against significant automakers like Ford, GM, and Stellantis.
Political Implications:
The ongoing UAW strike influences the political scene. Former President Donald Trump actively seeks UAW endorsement, contrasting with Republicans like Tim Scott and Nikki Haley, who voice anti-union sentiments.
Layoffs Amid Strikes:
Consequences of the strike ripple through the industry as GM and Stellantis announce over 2,000 combined layoffs due to strike-induced part shortages. GM stated that laid-off workers will not receive the typical supplemental unemployment benefits.
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Chinese EV brand, Nio, unveils an Android smartphone priced between $900-$1,000. Designed for enhanced car connectivity, it also functions as a car key. CEO William Li anticipates half of Nio's user base will adopt the phone, marking a crossover between the automotive and tech sectors. Deliveries commence on Sept. 28.
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UK pushes its combustion engine ban for new vehicles from 2030 to 2035, aligning with the EU. Ford UK's Lisa Brankin criticizes the delay, emphasizing Ford's commitment of $50 billion globally for electrification. While many European countries oppose the EU's 2035 ban, industry leaders stress the importance of a clear EV transition strategy.
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China's BYD introduces the affordable Dolphin EV in Japan, aiming to disrupt a market led by Toyota. Priced at $24,570, the Dolphin boasts a 250-mile range, extending BYD's footprint in a region historically resistant to foreign automakers. BYD's strategy could reshape Japan's automotive landscape amid global EV market shifts.