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Tom Krisher

Tom Krisher

Inc.com

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Biden helped end the dockers strike by saying reopening the ports to help Hurricane Helene victims would be patriotic

Biden applauded both sides for coming to an agreement.

previous day 30

Fortune

Tom Krisher

Dockworkers' union to suspend strike until Jan. 15 to allow time to negotiate new contract

DETROIT (AP) — The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports has reached a deal to suspend a three-day strike...

previous day 3

SFGate

Tom Krisher

Dockworkers’ union to suspend strike until 2025 to allow time to negotiate new contract: source

A source tells the AP there is a pending agreement to pause the strike until Jan. 15.

previous day 8

Fortune

Tom Krisher

The longshoremen strike could cost the U.S. $7.5 billion a week—and dockworkers may have the upper hand in negotiations

Hurricane Helene and President Biden both play a role.

01.10.2024 5

Fortune

Tom Krisher

U.S. economy could lose $4.5 billion a day as ports hit with biggest dockworkers strike since 1977

J.P. Morgan estimated that a strike that shuts down East and Gulf coast ports could cost the economy $3.8 billion to $4.5 billion per day, with some...

01.10.2024 20

Fortune

Tom Krisher

A prolonged dockworkers’ strike could mean products miss peak holiday shopping season

A strike could shut down 36 ports from Maine to Texas that handle about half the goods shipped into and out of the United States.

29.09.2024 10

Fortune

Tom Krisher

Auto giant starts looking for a new boss with over a year left on the current CEO’s contract

Tavares has been under fire from U.S. dealers and the United Auto Workers union after a dismal first-half financial performance.

24.09.2024 10

Fortune

Tom Krisher

45,000 longshoremen at key U.S. ports threaten to strike over automation and wages

The move would shut down ports that handle about half the nation's cargo from ships.

18.09.2024 9

Fortune

Tom Krisher

UAW fight with Stellantis over closed plant raises fear that U.S. auto jobs could disappear

Detroit automakers have been expanding production in Mexico for years.

12.09.2024 10

Fortune

Tom Krisher

United Auto Workers boss threatens Stellantis strike, says car giant reneged on its promise to restart an assembly plant outside of Chicago

“The UAW will take whatever action necessary at Stellantis or any other corporation to stand up and hold corporate America accountable,” Shawn...

20.08.2024 30

Fortune

Tom Krisher

U.S. supply chains at risk as Canada’s top railroads begin shutting down networks amid labor dispute

Canadian Pacific Kansas City and Canadian National railroads have stopped taking certain shipments of hazardous materials and refrigerated products.

18.08.2024 30

Fortune

Tom Krisher

Trump praised Elon Musk for firing striking workers, sparking a clash with the UAW

UAW President Shawn Fain, whose union has endorsed Democrat Kamala Harris, said in a statement that Trump is anti-labor.

14.08.2024 40

Fortune

Tom Krisher

UAW chief slams Donald Trump’s labor record

Kamala Harris can boost the Democrats' chances of winning swing-state Michigan.

03.08.2024 7

Fortune

Tom Krisher

UAW endorses Kamala Harris, offering a boost in ‘blue-wall’ industrial states

UAW President Shawn Fain said in a statement that the union's “job” in this year's election was to defeat Trump.

01.08.2024 20

Fortune

Tom Krisher

Tesla that killed a motorcyclist near Seattle was operating on its ‘Full Self Driving’ system when it crashed

Investigators from the Washington State Patrol made the discovery after downloading information from the event-data recorder on the 2022 Tesla Model...

31.07.2024 8

Fortune

Tom Krisher

GM will pay $146m in penalties because 5.9 million of its older vehicles pollute too much

The National Highway Traffic Safety Administration said that certain GM vehicles from the 2012 through 2018 model years did not comply with...

04.07.2024 10

Fortune

Tom Krisher

Elon Musk's eye-watering $45 billion pay package is 275 greater than the median S&P 500 CEOs'—and easily dwarfs Apple and Netflix bosses'

The Tesla CEO's 10-year pay plan is the largest award to a CEO of a U.S. public company.

17.06.2024 9

Fortune

Tom Krisher

Elon Musk invites SEC scrutiny with 'highly unusual' tweets late into the night, encouraging his $45 billion pay package

Tesla published Musk's own posts late Wednesday on X with charts that appeared to show that shareholders were in favor of his compensation package.

13.06.2024 7

Fortune

Tom Krisher

EV adoption has another problem

In late May, copper hit a record high of nearly $5.20 a pound.

12.06.2024 10

Fortune

Tom Krisher

UAW head Shawn Fain accuses Mercedes Benz of ‘egregious illegal behavior’ in union’s loss at Alabama car plants

The union already has filed unfair labor practice complaints against the company alleging that management and anti-union consultants tried to...

20.05.2024 60

Fortune

Tom Krisher

UAW's southern strategy falls short as Mercedes workers in Alabama reject union

The defeat in two plants near Tuscaloosa comes a month after the UAW scored a breakthrough victory in a Tennessee VW facility.

17.05.2024 20

Fortune

Tom Krisher

UAW faces test of its plan to unionize auto plants in anti-union South as vote wraps up at 2 Mercedes-Benz factories in Alabama

The voting at the two Mercedes factories comes a month after the UAW scored a breakthrough victory at Volkswagen's assembly factory in...

17.05.2024 90

Fortune

Tom Krisher

Waymo self-driving cars probed by government over crashes, but recalls are the only enforcement power

In the probe of Waymo, the NHTSA said it has reports of 17 crashes and five other reports of possible traffic law violations. No injuries were...

14.05.2024 20

Fortune

Tom Krisher

BYD’s small, inexpensive Seagull EV poses major threat to U.S. auto industry

The car sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S. electric vehicles that cost...

13.05.2024 40

Fortune

Tom Krisher

Feds have 'significant safety concerns' about Ford's recall for engine-fire-causing fuel leaks—which they suspect doesn't work

Regulators say "the remedy program does not address the root cause of the issue."

09.05.2024 40

Fortune

Tom Krisher

U.S. investigators ask Tesla why there have been 20 crashes since carmaker supposedly fixed Autopilot flaws

"Tesla tried to do the least possible remedy to see what they could get away with,” one observer said.

07.05.2024 50

Fortune

Tom Krisher

Rule tweak allows Tesla, EV makers to maintain tax-credit marketing push in car sales

Critics say the new rules amount to freebies for China.

04.05.2024 30

Fortune

Tom Krisher

'Crisis' of roadway deaths led to new rule requiring automatic braking if a car crash is imminent

In 2019, nearly 2.2 million rear-end crashes were reported to police nationwide, killing 1,798 people and injuring 574,000 others.

30.04.2024 60

Fortune

Tom Krisher

Driverless trucks are coming to the road before fully self-driving Teslas, with autonomous semis arriving in Texas later this year

Within three or four years, Aurora and its competitors expect to put thousands such self-driving trucks on America's public freeways.

29.04.2024 60

Fortune

Tom Krisher

Tesla driver said he was using Autopilot and looking at his phone before a crash that killed a motorcyclist

The motorcyclist, Jeffrey Nissen, 28, was under the car and pronounced dead at the scene, authorities reported.

25.04.2024 20

Fortune

Tom Krisher

Tesla profit plunges 55% as it warns of 'notably lower' sales growth

EV maker's first-quarter net income plummeted to $1.13 billion amid falling global sales and price cuts.

24.04.2024 10

Fortune

Tom Krisher

GM moves to redevelop its downtown Detroit headquarters with help from Rocket Mortgage founder

Over the last 2 years, about 5,000 white-collar workers at GM took early retirement and many are still on a hybrid schedule, so GM needs less office...

15.04.2024 10

Fortune

Tom Krisher

First-quarter auto sales grew 5.1%, but the industry may have already hit its spring sales peak, top economist warns

Average sales prices in March were $44,186, down 3.6% from a year ago.

05.04.2024 50

Fortune

Tom Krisher

New vehicle sales in the U.S. rose nearly 5% in 2024 as buyers defied high interest rates, but EV sales growth slowed

Sales of many large and expensive SUVs fell during the quarter as companies faced more frugal buyers.

03.04.2024 20

Fortune

Tom Krisher

6 months after recalling 3.4 million vehicles that suddenly catch fire, Hyundai and Kia haven’t fixed most of them

“They’re putting a Band-Aid on this thing,” said Michael Brooks, executive director of the nonprofit Center for Auto Safety.

02.04.2024 50

Fortune

Tom Krisher

Hyundai and Kia recalled 3.4m vehicles, warning to park them outdoors because they risked catching fire. 6 months later, most are still on the road, unrepaired

Hyundai and Kia have acknowledged that there's little hope of repairing most of the affected vehicles until June or later.

01.04.2024 20

Fortune

Tom Krisher

Biden administration set to relax plans for stricter auto emissions standards as EV sales slow

Three people with knowledge of the standards say the Biden EPA will pick an alternative that slows implementation from 2027 through 2029.

20.03.2024 20

Fortune

Tom Krisher

Tesla, BMW, Mercedes-Benz, and more rated 'poor' in automated driving test ratings

The Insurance Institute for Highway Safety tested automated driving systems and only one of 14 got an "acceptable" rating. None performed well enough...

13.03.2024 20

Fortune

Tom Krisher

Tesla rated 'poor' in automated driving safety test, with only 1 out of 14 manufacturers given 'acceptable' score

Two others were rated “marginal,” while the rest were rated “poor.”

12.03.2024 10

Fortune

Tom Krisher

The average price of a new car is over $47,000—but analysts see prices dropping all throughout the rest of the year

It's all about supply. Dealers had 2.6 million cars at the end of January, according to Cox Automotive, compared to 1.74 million a year ago.

28.02.2024 10

Fortune

Tom Krisher

Ford CEO says he will 'think carefully' about where to build future factories after last year's auto workers' strike: 'Our relationship has changed'

“We have to think carefully about our (manufacturing) footprint," CEO Jim Farley told an auto conference.

15.02.2024 10

Fortune

Tom Krisher

EV charging stations are turning into indoor lounges in San Francisco as companies look to prop up interest among flagging sales

EV sales growth in the United States is slowing, in part because of potential buyer concerns that charging stations are too scarce or that they will...

08.02.2024 30

Fortune

Tom Krisher

Elon Musk has to recall nearly every Tesla sold in the U.S. because some warning lights are too small

The recall of nearly 2.2 million vehicles by the NHTSA is a sign of stepped-up scrutiny of the electric vehicle maker.

02.02.2024 20

Fortune

Tom Krisher

Tesla warns investors that 2024 sales could be 'notably lower' as it's caught between two big growth waves

Tesla’s gross profit margin fell to 17.6% for the fourth quarter, down 6.2 percentage points from a year ago as price cuts chewed into profits.

25.01.2024 6

Fortune

Tom Krisher

UAW's Shawn Fain says Trump 'doesn’t care about the American worker' as union backs Biden for re-election

“He heard the call and he stood up and he showed up,” Fain said of Biden’s historic picket line appearance.

25.01.2024 6

Fortune

Tom Krisher

'Tesla isn't very good at explaining some things': Expert says there's a simple hack to charging your EV battery in the cold

Many of those who think their cars won't charge are new to EVs and don't know how to “precondition” their batteries, says Bruce Westlake.

18.01.2024 6

Fortune

Tom Krisher

Federal crackdown on Boeing intensifies as entire 737 Max 9 production line will get an FAA audit

The FAA said it would “evaluate Boeing's compliance with its approved quality procedures.”

12.01.2024 20

Fortune

Tom Krisher

Auto economist thinks 'the tables start to turn in 2024' as bargain hunters will finally force car makers to slash prices

Americans bought 15.6 million new cars last year, 12% up from 2022, the biggest increase in over a decade, shy of the 17 million pre-pandemic rate.

04.01.2024 8

Fortune

Tom Krisher

Americans went on a car shopping spree in 2023 with sales rising 12% despite lofty prices and high interest rates

Average auto sales prices peaked in December of 2022 just over $47,300, with vehicles in short supply because of the global chip shortage that limited...

04.01.2024 40

Fortune

Tom Krisher

The EV boom may be petering out, but Americans are buying record numbers of hybrid cars

So far in 2023, Americans have bought a record 1 million-plus hybrids — up 76% from the same period last year, according to Edmunds.com.

24.12.2023 10

Fortune

Tom Krisher

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