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A central concern for the automakers is the cost of labor relative to domestic and foreign non-union competitors, particularly as the industry transitions to electric vehicle manufacturing. [5] The automakers have stated that they anticipate the need to invest a significant portion of their profits from gasoline-powered vehicles into new ...
Between 2020 and 2023, there was a worldwide chip shortage affecting more than 169 industries, [1] which led to major price increases, long queues, and reselling among consumers and manufacturers for automobiles, graphics cards, video game consoles, computers, household appliances, and other consumer electronics that require integrated circuits (commonly called "chips").
The transition team proposes shifting those regulations back to 2019 levels, which would allow an average of about 25% more emissions per vehicle mile than the current 2025 limits and average fuel ...
Notwithstanding the growing effects provided by the automobile on the economy of some countries, countries specialize, exporting some products and importing others. Several auto-dependent countries, lacking an automobile industry and oil wells, must import vehicles and fuel, affecting their commercial balance.
A number of car models won't ring in the new year.. The Ford Edge, Toyota Venza and Mini Clubman are just some of the vehicles that won't make it past model year 2024 in U.S. markets.
Penske Automotive Group, Inc. (NYSE:PAG) shares are trading lower after the company reported worse-than-expected third-quarter financial results. The company reported earnings per share of $3.39 ...
A predecessor organization, the Automobile Importers of America (AIA), was formed in 1965 [1] to provide member companies information on changes to U.S. state and federal automotive industry regulations. The AIA evolved into the primary advocacy resource for many major vehicle importers in the 1970s, opposing trade restrictions and other ...
A second-tier wage of $14.50 an hour, which applies only to newly hired workers, is lower than the average wage in non-union auto companies in the Deep South. [47] One of the benefits negotiated by the United Auto Workers was the former jobs bank program, under which laid-off members once received 95 percent of their take-home pay and benefits.
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