Growth is brisk but slower than expected, causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.
General Motors became the last of the three large U.S. automakers to reach a tentative agreement on a new contract with the United Automobile Workers union.
The executive chairman of Ford Motor counsels patience as his company negotiates with the United Automobile Workers union, which has shut three of his company’s plants.
Carmakers are anxious to keep costs down as they ramp up electric vehicle manufacturing, while striking workers want to preserve jobs as the industry shifts to batteries.
The union targeted one factory run by General Motors, one by Ford and one by Stellantis. Prolonged walkouts could hurt the U.S. economy and President Biden.
The company is earning big profits on gasoline cars and trucks but is struggling to catch up to Tesla in the fastest-growing segment of the auto market.
The electric car company, which operates the country’s most extensive charging network, struck a similar deal with Ford Motor recently.
Aiming to make a million electric vehicles a year by 2025, General Motors is investing in a Nevada lithium mine to help with battery production.
General Motors sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.
The automaker sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.
