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...Workers at a Mercedes-Benz factory in Alabama have called for a vote to join the United Auto Workers union, part of a wider campaign to unionise foreign-owned auto plants that has also targeted Toyota and...
...Instead, Hohenshell sees a different motive: Toyota wants to halt the march of the United Auto Workers. “It’s a bribe,” he said....
...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
...ZF supplies a nearby Mercedes-Benz factory....
...“If you value Tesla just as an auto company you fundamentally have the wrong framework. If you ask the wrong question, the right answer is impossible,” he said....
...Experts say this approach threatens to revive the supply chain shortages that have bedevilled the auto industry in recent years, where a small disruption can cause rippling chaos in the wider system....
...However, “contagion and solidarity from other countries could be toxic if the dispute spreads to other markets such as Germany both for production and sales”, said auto analyst Matthias Schmidt, who specialises...
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
...These are hard calls and we’re in no position to forecast the EV supply-demand balance....
...Used auto prices may now be slightly dropping but cars remain expensive and supply-constrained. The two companies now happen to rely upon each other as counterparties....
...The company is also working with Singapore-based FEST Auto to sell EVs to the European logistics market....
...At the same time, the Japanese auto industry is being challenged by other Asian nations....
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...A version of this article was first published by Nikkei Asia on September 29. ©2023 Nikkei Inc. All rights reserved....
...“Four to five years ago no one would have thought that Chinese EVs would have the quality or reliability to compete,” said Tu Le, founder of Sino Auto Insights, a Beijing consultancy....
...United Auto Workers, the 391,000 member union that represents workers at General Motors, Stellantis and Ford, elected a new president in March who has also pledged to be tougher on employers....
...Ethan WuIf Beyoncé and Taylor Swift can influence headline CPI, (Alex laughs) TikTok teens should be able to do it too....
...Let’s not forget supply chain worries....
...One industry expert echoed that point, saying demand for EVs is still good, but the supply is better....
...Philippe Houchois, auto analyst at Jefferies, said the latest saga might spark governance changes. “It is too risky for the board to carry on as it is,” he said....
...Lotus Technology said its “supply chain efficiency also relies heavily on Geely”....
...The display industry features much less prominently than chips or batteries in debates on economic security and supply chain resilience....
...Maybe there’s more Treasury supply coming in the long end, so it is not only driven by what the Fed is doing, it is also driven by supply....
...Sales of electric models, like the auto industry as a whole, are improving because as the supply chain crisis has eased, manufacturers are no longer struggling as much to obtain the parts necessary to build...
...“It’s an impressive beast, but it’s a beast,” said Philippe Houchois, an auto analyst at Jefferies who was one of the handful selected to try it....
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