Detroit

2025 Cadillac OptiqCadillacDETROIT – Cadillac's new entry-level electric vehicle will be a compact-sized crossover called Optiq, the company said Friday.The General Motors brand said the vehicle, which will be its fourth EV, will slot below the current entry-level Lyriq midsize crossover EV, which starts around $59,000.Cadillac declined to disclose pricing and other specifics of the 2025 Optiq, which is expected to go on sale in the U.S. as early as next year. The vehicle is expected to be sold in North America, China,…

United Auto Workers members rally outside Stellantis' Ram 1500 plant in Sterling Heights, Michigan, after the union called a strike at the plant on Oct. 23, 2023.Michael Wayland / CNBCDETROIT – United Auto Workers members at Chrysler owner Stellantis have ratified a new labor contract following a historically contentious round of bargaining between the union and company, according to preliminary results posted Friday by the union.The deal is the second this week for the Detroit automakers. A deal with General Motors…

United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesDETROIT – General Motors union workers ratified a record deal with the United Auto Workers after a contentious final few days of voting, according to results posted Thursday morning by the union.Much like the negotiations themselves, voting was not as smooth as many thought it would be. A majority of the Detroit automaker's large assembly plants rejected the pact,…

DETROIT – Voting by United Auto Workers members is going down to the wire on a tentative deal with General Motors that ended roughly six weeks of labor strikes.A majority of UAW members at several major GM plants voted against the pact in recent days, but approval Wednesday morning by a large SUV plant in Arlington, Texas, gave the deal a needed lifeline, with roughly 60% of production workers and 65% of skilled trades union workers voting in favor of the pact.Prior to the end of voting at the Texas plant, the agreement…

UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois. Jim Vondruska | Getty ImagesDETROIT – The United Auto Workers achieved record contracts with the Detroit automakers following contentious talks and roughly six weeks of targeted labor strikes. But not all of the union's members are satisfied with the tentative agreements.The deals, which were recommended for ratification by UAW leaders, are each currently on pace to pass. Yet…

Carlos Tavares, Chief Executive Officer of Stellantis, poses during a presentation at the New York International Auto Show, in Manhattan, New York City, April 5, 2023.David Dee Delgado | ReutersDETROIT – Chrysler-parent Stellantis is offering buyouts to roughly half of its U.S. white-collar employees to reduce headcount and cut costs for the automaker's North American operations.The voluntary separation packages will be offered to 6,400 of its 12,700 non-bargaining unit U.S. employees, the company said Monday."As the U.S.…

Ford Mustang on display at the NY Auto Show, April 6, 2023.Scott Mlyn | CNBCDETROIT — Ford Motor is reporting second-quarter earnings after the markets close Thursday.The Detroit automaker is expected to report results that are solid but not as strong as the $1.91 in adjusted earnings per share that crosstown rival General Motors reported Tuesday.related investing newsHere's what Wall Street expects from Ford, based on average analyst estimates compiled by Refinitiv:Adjusted earnings per share: 55 centsAutomotive revenue:…

GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan.Photo by Steve Fecht for General MotorsDETROIT — General Motors CEO Mary Barra on Tuesday blamed a supplier of automation equipment for the slow ramp-up of GM's new electric vehicles, after Wall Street criticized the rollout amid bold predictions the company would catch up to industry leader Tesla.Shares of GM were down roughly 4% in morning trading Tuesday despite quarterly results that topped year-ago performance.…

EA has released all of the player ratings for Madden NFL 24, revealing where they all now rank. These new ratings have brought about fresh debates for Madden fans over which players are overrated or underrated. These and more conversations all stem from the team-by-team and player-by-player ratings that annually create friendly debate in the Madden world. In this guide we're breaking down the complete Detroit Lions roster, including overall (OVR) ratings for every starter and the team's best players.…

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan.Photo by Steve Fecht for General MotorsDETROIT – In already-contentious labor talks between the United Auto Workers union and major automakers, there's a wild card issue hanging over the discussions.Multibillion-dollar EV battery plants — and their thousands of expected workers — are crucial to the automotive industry's future and uniquely positioned to have wide-ranging…