Connect with us

News

Stellantis and GM furlough more workers as UAW strike expands

Credit: GM (Photo by Brandon Wade for General Motors)

Published

on

General Motors (GM) and Stellantis have announced plans to furlough hundreds more workers, just after the United Auto Workers (UAW) expanded strikes against both automakers this week.

According to a report from Reuters, Stellantis will temporarily lay off 525 more workers in Michigan, while GM will furlough 139 employees in Ohio.

The news comes after UAW-represented workers walked off the job at GM’s most profitable assembly plant, and after a walkout at Stellantis’s most profitable truck factory. It also comes after GM reported its Q3 financial results earlier in the day on Tuesday.

The Stellantis furlough takes place at two stamping facilities that supply the company’s truck assembly plant, bringing the total number of furloughed employees to 2,045. GM said that its workers were being furloughed as a result of the UAW’s targeting of its truck assembly plant, bringing the automaker’s total number of furloughed workers to 2,460.

Advertisement

On Tuesday morning, 5,000 UAW members walked off the job at GM’s Arlington Assembly plant in Texas, which makes some of the automaker’s most profitable vehicles, including the Chevy Tahoe, the Chevy Suburban, the GMC Yukon and the Cadillac Escalade.

The UAW expanded strikes on Monday to include 6,800 workers walking out at the largest and most profitable Stellantis truck plant in Sterling Heights, Michigan. The plant produces the profitable Ram 1500 and other trucks. Just a couple of weeks ago, 8,700 workers also walked out at Ford’s profitable Kentucky Truck Plant.

It also comes on the same morning that GM has reported its Q3 financial results, beating Wall Street expectations amidst the ongoing strike. CNBC estimates that the strike amounts to around $200 million in lost vehicle production per week, and GM CFO Paul Jacobson says the strikes have cost the automaker around $800 million in pre-tax earnings.

“Another record quarter, another record year. As we’ve said for months: record profits equal record contracts.” UAW President Shawn Fain said in a blog post on Tuesday. “It’s time GM workers, and the whole working class, get their fair share.”

Advertisement

GM reported $44.13 billion in Q3 revenue, with net income attributable to stockholders of $3.06 billion and an EBIT-adjusted $3.6 billion. The automaker also reported earning $2.28 per share during the quarter, beating average analyst estimates of $1.88 per share, according to LSEG (formerly Refinitiv) data.

As a result of damage from the strikes, GM said it was pulling previously shared earnings guidance, with which it estimated $12 to $14 billion in adjusted earnings, with net income attributable to stockholders forecast to reach between $9.3 billion and $10.7 billion.

GM also pulled its near-term electric vehicle (EV) targets, predicting the company would sell 400,000 EVs in North America between 2022 and mid-2024 and would produce as many as 100,000 EVs on the continent during the latter half of 2023. Jacobson reported that the automaker has retained its target of low-digit profit margins on EVs and one million in annual production capacity by 2025.

Ford is set to report its Q3 earnings on Thursday, while Stellantis will do the same next Tuesday. The result could similarly give the UAW negotiating leverage if financial results are positive, or it could risk shareholder confidence if they aren’t.

Advertisement

GM to slow down EV efforts amid UAW’s ongoing strike

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send your tips to us at tips@teslarati.com.

Zach is a renewable energy reporter who has been covering electric vehicles since 2020. He grew up in Fremont, California, and he currently lives in Colorado. His work has appeared in the Chicago Tribune, KRON4 San Francisco, FOX31 Denver, InsideEVs, CleanTechnica, and many other publications. When he isn't covering Tesla or other EV companies, you can find him writing and performing music, drinking a good cup of coffee, or hanging out with his cats, Banks and Freddie. Reach out at zach@teslarati.com, find him on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

Advertisement
Comments

News

Tesla expands massive safety feature worldwide in latest update

Published

on

Credit: Tesla

Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”

Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.

For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.

The release notes state (via Not a Tesla App):

Advertisement

“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”

Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.

Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.

The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.

Advertisement
Continue Reading

News

Tesla sends production Cybercab with no steering wheel, pedals to on-road testing

Published

on

Credit: Tesla

Tesla confirmed this morning that it has sent the first production units, manufactured with no steering wheel or pedals, to on-road testing in Austin, sharing video of the first rides with no human controls.

The lack of steering wheels and pedals in the Cybercab aligns with Tesla’s self-certification of Robotaxi as Level 4 SAE, a platform it plans to make widespread through internal vehicles and customer-owned cars that will operate and generate revenue for individuals.

The start of these engineering tests is a major signal for Tesla, which plans to bring driverless, wheel-less, and pedal-less Cybercabs to market in the coming months. With production already well underway at Gigafactory Texas, where the Cybercab is built, there is some inclination to believe the first public rides could happen sooner rather than later.

Tesla’s engineering tests will put the Cybercab in real-world scenarios, testing not only the hardware, but more importantly, the software that drives the car around Austin with nobody supervising it within the car.

This is perhaps the biggest part of the internal testing process, especially prior to allowing regular, everyday people to hail the Cybercab for an autonomous ride. These early rides serve as a true benchmark for Tesla: How many rides can it achieve safely? How many miles did it travel consecutively without needing an intervention? What scenarios challenge the Full Self-Driving suite the most?

The proper precautions have already been put into place as well, as Tesla released the First Responders Guide to Cybercab over the weekend, ensuring that emergency services have 24/7 access to Robotaxi Assistance, as well as other boundaries, such as Geofencing features that can be used to redirect autonomous vehicle traffic due to accidents, road closures, construction, or maintenance.

Advertisement

Cybercab seems genuinely close to being added to the Robotaxi fleet in Austin, but Tesla has prioritized safety throughout this entire process. Therefore, we think it could be months before it truly starts giving rides to the public. People have been frustrated with this, but Robotaxi in Austin has a tremendous safety record so far, so the slow rollout has kept people safe and accidents to a minimum.

The most important thing is that Tesla continues to show consistent progress in the Cybercab’s ramp-up toward fleet addition. A few weeks back, we saw the EPA reward the Cybercab a Certificate of Conformity, allowing it to enter the stream of commerce. Then, we saw Tesla add decals, signaling that it was likely about to start testing it publicly. That has now happened.

The next big move will be the announcement of the first rides, so this Summer should be filled with anticipation.

Advertisement
Continue Reading

Elon Musk

Tesla Phone? Not quite, but close: analyst

Published

on

elon musk phone
Photo: Boss Hunting.com.au

For years, there have been images and videos across social media platforms that have reminded me of when I was a 15-year-old kid teased by “Xbox 720” videos on YouTube. These videos are of the supposed “Tesla Phone” that Elon Musk was secretly developing in between leading Tesla with its electric cars and SpaceX with its reusable rockets.

Although Musk has put those rumors to bed several times, it was never completely out of the realm that he could get involved in cell phones in some capacity. Think outside the box and more macro-level, though. Instead of reinventing the computer, Musk reinvented connectivity by developing Starlink with SpaceX.

Advertisement

It could be something similar, TD Cowen analyst Gregory Williams said in a note last week, where he hinted SpaceX could be gathering some steam to acquire T-Mobile.

Williams said it would be the “clear choice” for SpaceX if it decided to go through with a network acquisition. He also suggested AT&T.

The move would be possible through selling more of its own stock, which would help SpaceX raise the money to purchase T-Mobile, which would cost roughly $300 billion. It could be one of the moves SpaceX makes post-IPO in terms of an acquisition: it already acquired Cursor AI for $60 billion.

Other analysts, like Dan Ives of Wedbush, believe SpaceX and Tesla will eventually merge into one anyway, and that conglomeration could come as soon as this year, some have said.

Advertisement

The implications of SpaceX purchasing T-Mobile are massive. A combined entity would create a truly ubiquitous network: T-Mobile’s terrestrial 5G towers and Starlink’s growing constellation of Direct-to-Cell satellites. This would essentially eliminate dead zones across the U.S. and potentially globally.

SpaceX would instantly become a full-scale facilities-based carrier with satellite differentiation; a huge advantage. This would pressure AT&T and Verizon heavily.

There are also concerns like a potential reduction in long-term competition, and of course, a deal of that size would face intense scrutiny from government agencies.

The strategic fit is compelling due to the existing Starlink–T-Mobile partnership and complementary technologies (space + terrestrial). It could create a dominant integrated communications player. However, the regulatory, financial, and execution hurdles are enormous — this remains highly speculative with no indication SpaceX is actively pursuing it right now.

Advertisement
Continue Reading