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Ford and UAW reached a tentative local agreement at Kentucky plant

Teslarati

The United Automotive Workers (UAW) have come to a tentative local agreement at a Ford factory in Kentucky, after the union threatened to put the site’s almost 9,000 workers on strike last week if a deal wasn’t reached. My father grew up here, then moved to Michigan and got a job with Ford.

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Visiting Ford EV Center, Biden says, “The future of the auto industry is electric”

Plug in America

This week, President Joe Biden visited the Ford Motor Company Rouge Electric Vehicle Center in Dearborn, Michigan, getting a preview of the all-electric version of their F-150 pickup truck, the highest-selling vehicle in the country. The future of the auto industry is electric,” said President Biden.

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Ford EV production push receives another shove

Teslarati

Ford has announced yet another investment in EV production, which will be critical if the automaker hopes to achieve its ambitious production targets. Undeterred, Ford announced that it remains on track to deliver on its EV production goals , including an annual run rate of 600,000 EVs this year and a run rate of 2 million by 2026.

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UAW strikes: GM shuts down Kansas plant and lays off 2,000 workers

Teslarati

General Motors (GM) has shut down a manufacturing plant in Kansas and laid off the site’s roughly 2,000 workers after the automaker stated plans to do so last week. The news comes as the latest amidst strikes from the United Auto Workers (UAW) union targeting Ford, GM and Stellantis. We have delivered a record offer.

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UAW expands strike to include 6,800 workers at Stellantis truck plant

Teslarati

The United Auto Workers (UAW) union expanded strikes against Stellantis this week, targeting a key truck plant in Michigan with 6,800 workers walking off the job. ” It's time for a deal that recognizes our members' sacrifices and contributions to the auto industry. “Labor is asking for so much.

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ALTe Developing Series Plug-in Hybrid Powertrains for Conversion and OEM Applications

Green Car Congress

A Bloomfield, Michigan startup is developing light- and medium-duty series plug-in hybrid electric vehicle powertrain systems—initially as conversions, but ultimately extending to an OEM basis. Source: ALTe. Click to enlarge. A Gen 2 Series PHEV Powertrain under development is installed in a running rolling chassis.

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Rivian IPO: What you need to know

Teslarati

Such a valuation is ambitious , as it would make Rivian’s market cap just a bit lower than veterans such as General Motors ($84.82 billion) and Ford Motor Company ($79.65 It would also overtake longtime players in the auto segment, such as Japanese carmakers Honda Motor Co., The Finances So Far.