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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50

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Auto Industry Strike: UAW and Big Three Fail to Agree on Terms

The Truth About Cars

Last night, the Union launched a strike against Ford, GM, and Chrysler/Stellantis, taking almost 13,000 workers off production lines and factory floors across the country. After weeks of speculation over whether the UAW and Big Three automakers would come to an agreement, we have our answer: They didn’t.

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Chrysler Group in 5-year, $18.2M partnership with McMaster University to develop advanced electric and hybrid powertrains; funding from Canadian Government

Green Car Congress

Chrysler Group LLC has entered a 5-year, $18.2-million For McMaster, the project partnership is one of three new partnerships with Chrysler, the federal government and other auto industry leaders worth a combined $24 million. Chrysler Group will invest $9.25

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Android Auto makes its debut with support from multiple automakers and tech companies

Green Car Congress

Android Auto made its debut at the 2014 Google I/O annual technology conference in San Francisco as the first innovation resulting from the Open Automotive Alliance (OAA)—a coalition of tech companies and auto industry leaders launched in January by Google, NVIDIA, Audi, GM, Honda and Hyundai committed to bringing the Android platform to cars.

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Obama Outlines Next Steps for GM and Chrysler

Green Car Congress

In a statement livecast on the Internet by the White House, President Barack Obama said that neither of the restructuring plans submitted by GM and Chrysler “ goes far enough to warrant substantial new investment. ”. Chrysler, the President said, is “ more challenging ”. Earlier post.). President Obama. President Obama.

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Stellantis looks to invest $2.8B in Canada to boost electric vehicle production

Teslarati

The announcement of the investments was shared by the company on Monday. . According to Stellantis North America chief operating officer Mark Stewart and Canadian Prime Minister Justin Trudeau, the company’s Windsor and Brampton, Ontario facilities will be getting an EV overhaul. Stellantis will be spending $2.8

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

Based on company announcements through 2020, about 5% of this global total is actively being invested in local US assembly plants. Great promotional events and bold aspirational statements by the domestic auto industry can’t mask the facts. Continuing on this path would hurt the domestic US auto industry’s prospects for decades.

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