Joseph Szczesny

In response to Stellantis’s belt-tightening, the UAW is threatening to authorize strikes at assembly plants in Toledo, OH; Kokomo, IN; and Detroit, Warren and Sterling Heights, MI.

The objective of the Honda EV Hub is to establish the expertise and experience for EV production that will be shared across the automaker's production network in North America.

Stellantis appears to be feeling the pressure from the union as it announces plans to invest more than $406 million in three Michigan plants “to execute (a) multi-energy strategy,” which calls for producing battery-electric, hybrid and internal-combustion vehicles.

“EVs are proving for us to be a growth market,” GM President Mark Reuss says, noting 60% of buyers are new to GM.

Chief Financial Officer Paul Jacobson says GM is maintaining strong pricing compared to the industry while the company’s highly profitable fullsize pickup and fullsize SUVs continue to gain market share in their respective segments.

CEO Elon Musk promises Tesla will put more-affordable vehicles on the market in the first half of next year.

Toyota Motor North America’s David Christ says the automaker is committed to an electrification strategy that it will pursue regardless of changes in the political landscape stemming from Republican President-elect Donald Trump’s victory.

“Today, Chinese automakers have come of age and represent as much of a disruptive force now as Japan, Hyundai and Tesla have in previous generations,” AlixPartners consultant Stephen Dyer says.

Elaine Buckberg, the former chief economist at General Motors, says that contrary to common belief, the adoption of battery-electric vehicles actually could lead to the creation of more jobs.

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