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EVs account for about 5% of car purchases, according to automotive website Edmunds. Rivals to Tesla are making inroads.
U.S. automakers depend on parts from Canadian manufacturers. And a lot of them cross the Ambassador Bridge.
The automotive business has its ups and downs, but union contracts protect workers from big pay cuts.
The coronavirus pandemic forced Ford, GM and Fiat Chrysler to close factories and halt production. They’re expected to report large losses.
Pickup truck sales are holding up better than some other vehicles, spurred by incentives like zero-percent financing deals.
It’s the automaker’s third profitable quarter in a row.
Offers include seven-year interest-free loans and no payments for six months.
It’s part of a larger strategy to exit unprofitable markets.
It’s called pattern bargaining.
After contract negotiations between the United Auto Workers Union and General Motors break down, strike action planned for midnight on Sunday.