So Much News

National Moves

Labor Tensions Rise

• Union-Busting Allegations: Workers at Honda, Hyundai, and VW accuse management of unfair labor practices.
• Organizing Rights Upheld: Despite challenges, unionization efforts persevere under federally protected rights.

Legislative Update

• CARS Act Passed: The US House opposes Biden's EV mandate, with the bill now heading to the Senate.
• Implications for EPA: The Act could restrict EPA from future emissions regulations.

EV Infrastructure Developments

• First Biden-Funded Charger: A significant step for EV adoption, the first government-funded charger opened in Ohio.
• Slow and Steady: Despite a slow pace, 26 states have begun deploying chargers under the NEVI program.

Investments and Changes

Renault's Nissan Stake Reduction

• Downsizing Holdings: Renault plans to reduce its stake in Nissan, aiming to lower it to 15% from 43%.
• Strategic Overhaul: This move is part of Renault's broader business strategy, including an IPO for its EV unit Ampere.

Honda's Strategic Shifts

• E Minicar Discontinued in Europe: Honda ceases sales of its electric E Minicar, falling short of its sales targets.
• Future Focus: Shifting gears, Honda now eyes new EV models like the e:Ny1 SUV.

GM's Hydrogen Innovation

• Hydrogen-Powered Trucks: GM collaborates with Komatsu, using Hydrotec fuel cells in heavy-duty mining trucks.
• Environmental Impact: A green initiative, these trucks will only emit water vapor.

Ford's Production Pivot

• F-150 Lightning Production Cut: Ford halves its 2024 production plans for the electric F-150 Lightning.
• Market Responsiveness: Adjustments made in response to the current market demand and sales trends.

New and Coming Soon

Corvette E-Ray's Exciting Launch

• GM Unveils Hybrid Corvette: The Corvette E-Ray debuts, becoming the quickest Corvette model yet.
• Pricing Announced: Starting at $104,900 for the coupe version.

Volvo and ChargePoint's Joint Venture

• Charging Network Expansion: Volvo and ChargePoint establish 50 new DC fast chargers at Starbucks locations.
• Convenient Road-Tripping: These chargers, placed along a 1,350-mile route, facilitate long-distance EV travel.

Nissan Note's Refresh

• Mid-Cycle Update: The Nissan Note gets a facelift with a new front fascia and unique interior features like a swivel passenger seat.
• Hybrid Powertrain: Available in both FWD and AWD, starting at around $15,800.