| |
| 1 | | On Friday, the board of directors at Volkswagen voted to lay off 2,000 workers at its Cariad software division between 2024 and 2025. The plan would still require the approval of the works council. More: - The news comes as version 1.2 of the software architecture Audi Q6 E-Tron and the Porsche Macan was delayed by 16 to 18 weeks.
- Version 2.0 of the software architecture is being completely redeveloped, as is the automaker's scalable systems platform.
- In May, VW replaced Cariad's CEO Dirk Hilgenberg with Peter Bosch, who previously was an executive on the Bentley team. The automaker also let go of CFO Thomas Sedran and CTO Lynn Longo as it sought to accelerate development timelines.
|     | |
| 2 | | Ford announced it is adding three EV charger providers, with a total of 10,000 units, to its BlueOval Network in the U.S. and Canada. The deal includes Francis Energy, Blink Charging, and Red E. More: - 25% of the chargers added to the network consist of 550 DC fast charging units.
- The three companies join ChargePoint, Electrify America, EVGo, and Shell, among other providers of the Ford network.
- The BlueOval Network reached 11,800 EV chargers.
- The automaker also announced that it will provide access to its customers to 15,000 Tesla Supercharger stations, up from the previously expected 12,000.
| | | |
| A message from our sponsor, hear.com. |  | | Get the world's first hearing aids with dual processing Improve your conversations with clear speech understanding and quick sound processing from Horizon hearing aids. - Developed by top German engineers, these tiny, medical-grade devices are ultra-discreet and backed by audiologists nationwide.
Start with a 45-day, no-risk trial today. Start Your Trial | |
|
| 3 | | General Motors reached a tentative agreement with the United Auto Workers union after more than six weeks of strikes. The agreement would include increasing the maximum wage to $40 per hour and the starting wage to $28 an hour. More: - The automaker had revealed last week that the strikes had cost it $800M.
- Deutsche Bank is estimating that GM's deal with the UAW will cost the company a total of $7.2B, compared to Ford's $6.2B and Stellantis' $6.4B.
- The agreement comes a day after the UAW had been planning to expand strikes at the Spring Hill plant in Tennessee.
- Over 20,000 GM workers participated in the strikes.
| | | |
| 4 | | The Department of Transportation filed a report for lifting the number of weekly flights between the U.S. and China from 48 to 70. The new flights will be divided between American Airlines, Delta Air Lines, United Airlines, and five Chinese airlines. More: - The flight limits between the two countries were set in place during the COVID-19 pandemic. Prior to that, the U.S. and China had 340 flights per week.
- The flight increases follow a visit by Chinese Foreign Minister Wang Yi to Washington to meet with Secretary of State Antony Blinken and National Security Advisor Jake Sullivan.
- United Airlines was up 1.28%, Delta 1.53%, and American Airlines 2.06% for the day on Monday morning.
| | | |
| A message from our sponsor, Impact. |  | | Calling all marketing professionals! Are you familiar with the world of influencers, affiliates, and more? We'd love to hear from you! At impact.com, we understand that building successful partnerships can be both exciting and challenging. We invite you to share your experience about partnership discovery and ask for just 7 minutes of your time (we know you're busy)! Let us know about: 🔍 Your process for finding and recruiting new influencers, affiliates and more. ⛰️ The unique challenges you've faced and how you've conquered them. 🔥 Your strategies for effective outreach and recruitment. Your expertise can make a difference for fellow marketers, and as a token of our appreciation, you'll have a chance to win a $200 gift card. Take the 7-min survey | |
|
| 5 | | Stellantis reached a tentative deal with Unifor, a Canadian workers union, on Monday morning. More than 8,200 Unifor-represented workers have been on strike across multiple facilities, including assembly plants for the Chrysler 300, Pacifica minivan, and Doge Challenger and Charger vehicles. More: - The news comes within days of Stellantis reaching an agreement with the United Auto Workers union in the U.S., where approximately 43,000 workers were on strike for more than six weeks.
- As with the deals with Ford and GM, Stellantis agreed to up to 25% in hourly wage increases, cost-of-living allowances, and a reduction in the time required to reach the top wage bracket.
- $STLA was up 0.05% for the day but down 4.09% WoW on Monday morning.
| | | |
| 6 | | Uber announced it is importing 10,000 electric vehicles from BYD as it seeks to go 100% carbon emissions-free in the country by 2040. The ride-sharing company plans to make them available to drivers via flexible financing. More: - In Q3, 1.2 million Uber rides were taken on an electric vehicle in Australia.
- During the past quarter, there were 2,400 EVs on the platform in Australia, up from fewer than 100 in 2021.
- The vehicles would consist of the Atto 3 model, which Uber would make available for $269 a week via its Flex program through a partnership with vehicle importer EVDirect.
- A driver survey reported that 67% would switch to electric cars, but only 20% could afford to do so.
Note: Founder and CEO of Inside.com, Jason Calacanis, is an investor in Uber. | | | |
| 7 | | Quick Hits: - Are you getting the best discounts from leading cloud providers? This is your go-to resource for learning how to maximize multicloud discounts.*
- BYD reported a record net profit of $1.42B for Q3, an 82.2% YoY increase.
- The Rivian Adventure Network will begin charging customers next month.
- Next.e.Go is planning to build a $60M micro-factory for the production of 30,000 EVs per year.
- Cummins is predicting 15-liter natural gas engines for heavy-duty trucks will go mainstream.
- Create a winning SaaS business plan and calculate your break-even point. Join the 1-Page SaaS Blueprint Challenge to map out your startup.*
*This is sponsored content. | | | |
| Upcoming Events | | NOV
8 | | Compete Week - Competitive Intelligence Summit is back: Join top GTM leaders from Salesforce, Hubspot, Apollo and more!* | | | | | | | NOV
25 | | AI in Financial Services with Saroop Bharwani | | | | | | | NOV
25 | | The Future of Fractional Work with David Berkowitz | | | | | | * This is a sponsored event | | | |
Term of the Day Upselling: Upselling is a sales technique that encourages customers to buy upgraded versions of their selected products. Question of the Week What's one tool or app that has significantly made your life easier at work? Join the conversation |
INSIDE TRANSPORTATION LEADERBOARD (30 DAYS) |
 | Sr. Analyst | | Nicolas S. is a Sr. Analyst at Inside, covering transportation and startup trends. He is an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped startups. Follow him at @MobilityNerd. | | This newsletter was edited by Aaron Crutchfield | |
| |
| |
|
| |
|
| |
Comments
Post a Comment