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Tom Krisher

Tom Krisher

Inc.com

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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 6

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 10

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 10

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 2

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 10

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 10

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 2

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 10

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 5

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 3

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 10

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

Tesla's recall of 2 million cars relies on a fix that may not even work

Tesla agreed to the recall last week after a federal investigation the system to monitor drivers was defective and required a fix.

20.12.2023 6

Fortune

Tom Krisher

Tesla is having to fix 2m cars over a defective system that’s supposed to ensure drivers pay attention when using Autopilot

Independent tests have found that the monitoring system is easy to fool, so much that drivers have been caught while driving drunk or even sitting in...

13.12.2023 6

Fortune

Tom Krisher

BMW is still recalling air bags with the defect that killed dozens and injured hundreds more and sent Japanese supplier Takata into bankruptcy

U.S. auto safety regulators say in documents that the recall covers 486 X3, X4 and X5 SUVs from the 2014 model year that are equipped with air bags...

04.12.2023 10

Fortune

Tom Krisher

Electric vehicle owners report 80% more problems than with conventional cars and trucks amid ‘growing pains’ for the industry, Consumer Reports says

EV manufacturers are still learning to construct completely new power systems, making battery and charging-system issues the most commonly reported.

29.11.2023 5

Fortune

Tom Krisher

UAW head Shawn Fain has his sights on Elon Musk: 'The world's richest man is the richest man for a reason'

Calling his union a "great equalizer," he said he's proud of non-union auto workers getting raises. "“Companies play their workers as fools...

21.11.2023 10

Fortune

Tom Krisher

After a close GM vote, UAW workers close to sealing the deal with Ford and Stellantis

Union member voting is expected to conclude on Saturday morning and Saturday night for Ford and Stellantis, respectively.

17.11.2023 2

Fortune

Tom Krisher

After a too-close-to-call wobble, the UAW just ratified its new contract with General Motors

A vote-tracking spreadsheet on the union’s website shows that with all local union offices reporting, the contract passed with 54.7% in favor.

16.11.2023 5

Fortune

Tom Krisher

UAW autoworkers vote on new contract with GM is too close to call on last day of voting

About 46,000 UAW members at GM were wrapping up voting. As of Wednesday, those for the agreement outnumbered those against it by only 2,500 votes.

16.11.2023 10

Fortune

Tom Krisher

Hyundai will raise U.S. factory wages by 25% after autoworker union got big concessions from Detroit's Big 3: 'UAW, that stands for ‘You Are Welcome'

Labor experts say the increases are at least in part aimed at thwarting UAW President Shawn Fain's strategy of trying to organize U.S. auto plants...

14.11.2023 9

Fortune

Tom Krisher

GM’s Cruise self-driving unit is recalling all its cars to update software after one dragged a San Francisco pedestrian

In the crash, another vehicle with a person behind the wheel struck a pedestrian, sending the person into the path of a Cruise autonomous vehicle.

08.11.2023 2

Fortune

Tom Krisher

Stellantis’ new Ram EV adds a tool for drivers who worry about running out of juice: an onboard gas engine dedicated to recharging the battery

It's called the Ramcharger, a pickup that can travel 145 miles on electricity, with a 3.6-liter V6 gas-powered engine linked to a generator that can...

07.11.2023 10

Fortune

Tom Krisher

Detroit's Big 3 will produce billions worth of electric vehicles they're not sure people will buy in their deal with the UAW

Ford, GM, and Stellantis have goals of EVs representing roughly half their U.S. sales by 2030, but consumer demand for them in coming years isn't...

05.11.2023 10

Fortune

Tom Krisher

Automakers are on the hook for $1 billion in higher wages annually after the recent worker strike and will likely try to raise car prices to pay for it

But it might prove difficult to make significant price hikes stick.

01.11.2023 10

Fortune

Tom Krisher

GM and UAW reach a tentative deal on a union contract that boosts pay more than 30%, source says

The deal exceeds four years and includes 25% general pay raises and cost of living adjustments, a person briefed on the matter said.

30.10.2023 2

Fortune

Tom Krisher

UAW increases pressure on lone holdout GM after reaching tentative pacts with Ford and Stellantis: 'Everybody’s really fired up'

An escalated walkout began Saturday at GM's largest plant in North America just hours after the Stellantis deal was reached.

30.10.2023 10

Fortune

Tom Krisher

UAW, Stellantis reach tentative contract deal that follows model set by Ford 

The deal, which still has to be ratified by members, leaves only General Motors without a contract with the union.

29.10.2023 9

Fortune

Tom Krisher

GM, Stellantis meet with UAW to strike a deal modeled on the Ford agreement

The Ford contract, including cost of living raises, would result in pay increases of more than 30% to over $40 per hour by the time it expires in...

26.10.2023 4

Fortune

Tom Krisher

Ford appears close to a deal with UAW that could serve as the standard that ends the Detroit auto strike, sources say

People with knowledge of the talks said the union proposed a 25% wage boost with cost-of-living pay increases that could lift them above 30%.

25.10.2023 5

Fortune

Tom Krisher

The same day GM posted a $3 billion quarterly profit, 5,000 more workers walked off the job

The strike hit Arlington, Texas, which makes the big truck-based SUVs that are among GM's most profitable vehicles.

24.10.2023 4

Fortune

Tom Krisher

Detroit's striking auto workers took an $800 million chunk out of General Motors, CFO says—and $200 million a week next year

Those figures include only factories on strike now with less than a third of the company's workforce on the picket lines, CFO Paul Jacobson said.

24.10.2023 4

Fortune

Tom Krisher

Elon Musk's Tesla is getting subpoenas from the Justice Department, it says

The probe has widened to "personal benefits, related parties, vehicle range and personnel decisions," the company said without elaborating.

24.10.2023 4

Fortune

Tom Krisher

UAW expands automaker strike as 6,800 workers walk out at Stellantis plant that makes Ram pickups, shutting down huge profit center

The union says that 6,800 members walked out Monday morning and shut down the Sterling Heights, Michigan, Assembly Plant, a huge profit center for the...

24.10.2023 7

Fortune

Tom Krisher

With auto workers’ strike in its 5th week, some academics say UAW president’s ‘audacious’ demands have gone too far

Shawn Fain has made more gains for the UAW than anyone expected, but "now is the critical point where you pull the package together," one Berkeley...

23.10.2023 4

Fortune

Tom Krisher

UAW's Shawn Fain to Detroit: 'We’ve got cards left to play, and they’ve got money left to spend'

The union head singled out Ford, saying it “pretends they can’t afford what we’re asking for."

21.10.2023 7

Fortune

Tom Krisher

Ford's Executive Chairman Bill Ford is making a rare speech about the future of American manufacturing amid a historic strike

The speech near Ford's plant in Dearborn, Michigan, is expected to address the monthlong strike by members of the United Auto Workers union.

16.10.2023 4

Fortune

Tom Krisher

Auto workers add to Ford's pain by walking out of its largest and most profitable plant as part of a plan to create 'industrial chaos'

The sprawling factory makes pricey heavy-duty F-Series pickup trucks and large Ford and Lincoln SUVs.

12.10.2023 2

Fortune

Tom Krisher

The future of electric cars becomes ‘make-or-break issue’ as U.S. autoworkers’ strike continues

UAW workers at engine and transmission plants risk losing their jobs if electric vehicles replace gas-powered ones, which is driving their push to...

10.10.2023 7

Fortune

Tom Krisher

4,000 UAW workers at Mack Trucks will go on strike after rejecting contract deal

Union President Shawn Fain said in a letter to Mack parent company Volvo Trucks that 73% of workers voted against the deal in results counted on...

09.10.2023 20

Fortune

Tom Krisher

UAW halts strike expansion after GM battery plant concession

Shares of all three automakers rose after the move in apparent anticipation that deals might be near.

07.10.2023 2

Fortune

Tom Krisher

UAW auto workers and Detroit’s carmakers may be getting close to contract agreement

Union President Shawn Fain will update members Friday on bargaining toward bringing to an end the nearly 3-week-old strikes against the companies.

05.10.2023 10

Fortune

Tom Krisher

U.S. automakers’ sales boomed 16% over the summer despite high prices, soaring interest rates and a UAW strike

Pent-up demand has been building since the pandemic started in 2020, with many people delaying purchases while waiting for prices to come down and...

04.10.2023 9

Fortune

Tom Krisher

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