Surge in Sales Results in 92% Profit Increase for Nissan
Nissan's Fiscal Year Profit Surges 92% to $2.7 Billion Introduction: Nissan Motor Co. reported a significant increase in its profit for the fiscal year through March, with a jump of 92% to 426.6 billion yen ($2.7 billion). The Japanese automaker also saw a surge in annual sales, which grew nearly 20% to reach 12.7 trillion yen ($81.5 billion). Despite a slight dip in profit for the January-March quarter, Nissan remains optimistic about its future growth,…
Ford plans to produce 300,000 cars annually at Valencia, Spain, plant.
Introduction: Ford has recently announced plans to significantly increase production in its Spanish plant located in the Valencia region. This move will see the assembly of 300,000 units of a new model per year starting in 2027, demonstrating the company's commitment to the facility and its workforce. This development is expected to secure the future of the factory and create new opportunities for employment in the region. 1. **Ford's Expansion Plans**: Ford's decision to assemble…
UAW workers have approved the Daimler Truck agreement prior to the vote at Mercedes in Alabama
The United Auto Workers (UAW) recently ratified a new labor contract with Daimler Truck that includes a minimum 25% wage increase over a four-year period. This agreement covers over 7,300 hourly UAW workers at various facilities in southern states where unionization has traditionally been low. The deal also includes profit-sharing, cost-of-living adjustments, and the elimination of wage tiers that previously paid some workers less than others. ### Increased Wages and Benefits The new contract with…
Despite Elon Musk’s previous criticism, Tesla quietly invests in lidar technology.
Introduction: Elon Musk, the CEO of Tesla, has been vocal about his disdain for lidar technology, referring to it as a "fool's errand" that carmakers relying on it are "doomed." However, despite his strong opinions against the technology, Tesla recently spent around $2 million on lidar, making it the largest customer for the technology. This move has sparked curiosity and raised questions about how Tesla plans to incorporate lidar into its electric vehicles. This article…
Investigation into Tesla Autopilot: Prosecutors from NHTSA target securities and wire fraud
Introduction: U.S. prosecutors are investigating whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities. The Justice Department is looking into statements made by Tesla and CEO Elon Musk regarding the autonomous features of Tesla cars. The Securities and Exchange Commission is also examining Tesla's representations to investors, suggesting potential legal challenges for the electric car manufacturer. This investigation could lead to criminal charges, civil sanctions, or…
Layoffs in Tesla’s electric vehicle charging team pose a threat to President Biden’s plan to electrify highways.
Introduction: Elon Musk's decision to reduce Tesla's electric-vehicle charging team has sent shockwaves through the EV industry and could potentially delay President Joe Biden's plan to electrify U.S. highways. The National Electric Vehicle Infrastructure (NEVI) program aims to build 500,000 EV chargers across the country, with Tesla playing a crucial role in this initiative. However, with Tesla pulling out of various projects and laying off employees, the future of the NEVI program and the expansion…
NHTSA Investigating Fuel Leak Risks in 200,000+ Ford Vehicles
The U.S. auto safety regulator is investigating Ford vehicles for diesel fuel leaks that may lead to fires. The National Highway Traffic Safety Administration has received 27 complaints about Ford F-250, 350, 450, and 550 Super Duty vehicles with 6.7L diesel engines from model years 2015-2021, including reports of fires and injuries. The agency is looking into a fracture in the secondary fuel filter that could cause auto-ignition thermal events and fires. Ford is cooperating…
Autoblog Podcast #831: Chevy Malibu’s Demise, BMW’s Pickup Petition, EV Industry Analysis
Introduction: The Autoblog Podcast is a popular source of automotive news and discussions, bringing together experts to analyze recent developments in the industry. In the latest episode, Editor-in-Chief Greg Migliore is joined by Yahoo Finance's Pras Subramanian to delve into the business side of automotive news and share their experiences with different vehicles. From the demise of the Chevy Malibu to Tesla's Supercharger situation, they cover a wide range of topics before diving into their…
The Manthey Racing Porsche 718 GT4 RS Handling Kit is priced at $54,000.
Porsche 718 Cayman GT4 RS Manthey Racing Handling Kit: A Comprehensive Overview Introduction: If you are looking to enhance the performance of your Porsche 718 Cayman GT4 RS, Manthey Racing has the ultimate solution for you. A subsidiary of Porsche based in Nürburgring, Manthey Racing is known for its expertise in handling race cars and conducting development work on road cars. Recently, Porsche announced that the Manthey Racing handling kit for the 718 Cayman GT4…
Hidden Treasure: 1986 Chevrolet Celebrity Station Wagon
The Chevrolet Celebrity Wagon: A Look Back at a Classic Family Car The Chevrolet Celebrity Wagon was a popular family car in the 1980s and early 1990s, but its reign was short-lived with the rise of minivans and SUVs. Despite its fading popularity, the Celebrity Wagon holds a special place in many people's memories. This article will delve into the history of the Chevrolet Celebrity Wagon, its features, and its impact on American car culture.…