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automakers – XtremeCuztoms

Category: automakers

Feds Proposes New Rules to Require Automatic Emergency Brakes in All Light Cars

The Biden administration on Wednesday proposed a new rule that would require nearly all passenger vehicles and light trucks to have automatic emergency brakes (AEB) before they are allowed on American roads. The National Highway Traffic Safety Administration (NHTSA), which oversees safety standards for automakers in the United States, said the proposed rule would “dramatically”…


Automaker Giant Stellantis Signs $30 Million Agreement With Australian Manganese Manufacturer

One of the world’s leading automakers, Stellantis, has announced a binding $30 million offtake agreement with the Western Australian manganese manufacturer, Element 25, on Jan. 9, 2023. The agreement secures for the company 45 kilotons (around four Eiffel Towers) of battery grade, high purity, manganese sulphate monohydrate (HPMSM) from Element 25 to Stellantis over five years,…


Carmakers Considering Cutting Ties With China Due to Persistent Supply-Chain Issues, Political Tensions

After setting up shop in China to take advantage of its cheap, massive labor force, multiple carmakers are now planning to cut off ties with the Asian nation after concerns about supply chains arising from geopolitical tensions and COVID-19 disruptions. The decision by the automakers is driven by two factors. The first is worries about…


Global Car Supply Chains’ Ties to Human Rights Violations in Xinjiang

The global auto industry continues to remain intricately tied to supply chains in China’s Xinjiang region, thereby becoming part of its human rights abuses, according to a new report. The report, published in December by the Helena Kennedy Center for International Justice at the Sheffield Hallam University, identified 96 mining, processing, or manufacturing firms related…


Auto Analyst: Soaring Steel and Other Commodity Costs Are Weighing on Margins

Shares of U.S. automakers Ford Motor Company, General Motors Company, and Tesla Inc are all down more than 32 percent in 2022 as the auto industry struggles to deal with ongoing supply chain disruptions and rising commodity costs. Unfortunately for the struggling automakers, Bank of America analyst John Murphy said this week that commodity cost…


Seeing ‘Light at the End of the Tunnel,’ Automakers Perceive Easing of Chip Shortages

The global semiconductor shortage that has plagued the auto industry for around two years might be easing in the short term. Carmakers like BMW AG, Mercedes Benz AG, and Daimler Truck Holding AG, who have experienced production outages for several months in recent times, are now getting enough semiconductors to manufacture at full capacity, according…


Lawsuit Accuses 3 Automakers and Parts Maker in Air Bag Case

DETROIT—A class action lawsuit is accusing three automakers and a parts manufacturer of knowingly selling vehicles containing air bag inflators that are at risk of exploding. Two deaths and at least four injuries have been linked to such explosions. The federal lawsuit, filed Tuesday in San Francisco, names ARC Automotive Inc. of Knoxville, Tennessee, which…


US Boost Fines for Automakers Not Meeting Fuel Economy Rules in Tesla Win

WASHINGTON—The U.S. National Highway Traffic Safety Administration (NHTSA) on Sunday reinstated a sharp increase in penalties for automakers whose vehicles do not meet fuel efficiency requirements for model years 2019 and beyond. The decision was a win for Tesla that could cost other automakers hundreds of millions of dollars or more. Confirming an earlier report…


Detroit’s Big Three Automakers to Let Workers Stop Wearing Masks

WASHINGTON—Detroit’s Big Three automakers said on Thursday they will allow autoworkers to stop wearing masks at workplaces where U.S. health officials have said it is safe to do so. General Motors Co., Ford Motor Co., Chrysler-parent Stellantis NV, and the United Auto Workers union said in a joint statement they would adopt the new Centers…


Multiple US Automakers Pause Some Output Amid Canadian Trucker Protests

Multiple U.S. Automakers including Ford and Toyota have halted some production at their Canada plants due to the ongoing protests over the country’s COVID-19 vaccine mandates. Toyota, Chrysler Pacifica, Ford, and General Motors all said they have had to pause production on some of their sites due to the demonstrations, which have caused blockages at the Ambassador Bridge…