Nearly 1,000 United Auto Workers members at a Dauch Corp. plant in Three Rivers, Michigan, went on strike Monday over a new contract. Workers seek to regain wages lost since 2008, when pay was cut significantly. The strike impacts parts for GM pickup trucks and Stellantis minivans.
Experian Automotive reports 19% of new vehicle loans in Q1 have monthly payments over $1,000, up from 17.4% YoY, driven by non-luxury trucks like Ford F-150, with average loan amount and payment at all-time highs.
Ford's Long Beach EVDC is centralizing development for its Universal EV project, aiming for a $30,000 price point through efficiency and rapid iteration. The facility integrates design, engineering, and assembly to reduce costs and speed up production.
The Russian Defense Ministry stated that African Corps Inohodets drones conducted four airstrikes in Mali, resulting in the destruction of sixty militants, four pickup trucks, and five motorcycles.
Jeff Bezos-backed Slate Auto has secured $650 million in Series C funding, bringing its total raised to $1.4 billion. The EV startup plans to begin production of affordable pickup trucks by late 2026, with final pricing expected in June.
