WardsAuto Daily Edition
 
















NOVEMBER 14, 2023



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Nonunion OEMs Raise Wages Amid UAW Gains With Detroit 3

Hourly U.S. workers at Toyota, Honda and Hyundai will receive raises as UAW contracts with General Motors, Ford and Stellantis appear headed for approval.

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Autoline Daily 2023: Top Industry News for Nov. 14
Transplants Raising Wages to Block UAW; Big Supplier Hit by Cyber Attack; Fisker Slashes Its Production Forecast

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ExxonMobil Starts Construction on U.S. Lithium Mine for BEVs

Oil giant expects Arkansas mine to supply more than 1 million vehicles a year.

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Russia Prepares for Final Exodus of Global Automakers

According to local media reports, two holdouts that are neither domestic nor Chinese – Hyundai and Kia – plan to leave the Russian market before year-end.

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FROM AUTOMOTIVE DIVE
Continental to Lay Off Thousands of Automotive Employees in Restructure
The supplier plans to cut automotive spending by over $400 million annually as it restructures its business amid the transition to electric vehicles.
FOR WARDS INTELLIGENCE SUBSCRIBERS
ADS-TEC Talks ChargeBox’s Battery Buffer Advantages
The German battery-storage specialist is making headway into North America and winning big deals in Europe with its ChargeBox system.

WardsAuto Podcast: Lots of Opportunities and Startups Around Commercial EVs

While interest in EVs has cooled among consumers, demand among commercial and government fleets remains strong

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