Latest Automobile manufacturing News

Phoenix cops find 1,200 catalytic converters as thefts soar

May. 27, 2022 17:42 PM EDT

PHOENIX (AP) — An Arizona man was facing multiple theft charges Friday after detectives found more than 1,200 catalytic converters packed into a storage unit, a case that highlights a national surge in thefts of the pricy auto parts that play a critical role in reducing vehicle emissions. ...

CEO pay rose 17% in 2021 as profits soared; workers trailed

May. 27, 2022 11:41 AM EDT

NEW YORK (AP) — Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. The typical compensation package for chief executives who run S&P 500 companies soared 17.1% last year, to a median $14.5 million, according...

Davos updates | VW: Supply chain woes ease; orders backed up

May. 25, 2022 14:01 PM EDT

DAVOS, Switzerland (AP) — Executives with German automaker Volkswagen say at the World Economic Forum meeting in Davos that supply chain problems exacerbated by the Russia-Ukraine war are easing but they’re dealing with a huge backlog of orders. Audi board member Hildegard...

Stellantis, Samsung plan Indiana electric car battery plant

May. 24, 2022 18:41 PM EDT

KOKOMO, Ind. (AP) — A joint venture between Stellantis and Samsung plans to build an electric vehicle battery factory in Indiana that will employ up to 1,400 workers and become the company’s second such factory in North America. The venture announced Tuesday plans to spend more...

Ford pays $19M to settle claims on fuel economy, payload

May. 24, 2022 16:11 PM EDT

SACRAMENTO, Calif. (AP) — Ford Motor Company on Tuesday settled claims by 40 U.S. state attorneys general that the company made misleading claims about the fuel economy and payload capacity of some of its vehicles, violating state consumer protection laws. The company agreed to pay...

Electric battery maker, coal union announce WVa labor pact

May. 24, 2022 14:34 PM EDT

CHARLESTON, W.Va. (AP) — The energy startup SPARKZ said Tuesday it has signed a memorandum of understanding with the nation's largest coal miners' union on a labor-management agreement for its planned electric battery factory in West Virginia. The company and the United Mine...

Hyundai recalls 239,000 cars for exploding seat belt parts

May. 24, 2022 10:02 AM EDT

WASHINGTON (AP) — Hyundai is recalling 239,000 cars in the U.S. because the seat belt pretensioners can explode and injure vehicle occupants. Three injuries have been reported, two in the U.S. and one in Singapore. In a letter to the Korean automaker, government regulators said...

Stellantis making Indiana announcement; may be battery plant

May. 23, 2022 19:43 PM EDT

DETROIT (AP) — Automaker Stellantis has scheduled an announcement for Tuesday in Kokomo, Indiana, for what could be the company's second North American electric vehicle battery factory. The company said it will give an update on the future of its Kokomo operations at an Indiana...

Biden pushes economic, security aims as he ends SKorea visit

May. 22, 2022 06:27 AM EDT

SEOUL, South Korea (AP) — President Joe Biden tended to both business and security interests Sunday as he wrapped up a three-day trip to South Korea, first showcasing Hyundai's pledge to invest at least $10 billion in the United States and later mingling with troops at a nearby military base. ...

On Venezuelan roads, old cars prevail, break down everywhere

May. 21, 2022 09:47 AM EDT

CARACAS, Venezuela (AP) — A 1983 Chevrolet C-10 pickup is the workhorse of Argenis Ron’s party equipment rental business. He uses it to haul chairs, tents and tables to gatherings all across Venezuela's sprawling capital. The once-white paint is slightly yellowish and the body...