The United Auto Workers (UAW) union on Wednesday made a labor contract counterproposal on economic issues to Ford Motor, while Chrysler parent company Stellantis planned its counteroffer this week.

Stapp Interstate Toyota in Longmont, Colo., experienced five hailstorms in 15 months.

General Motors' global head of manufacturing, Gerald Johnson, said in a video statement released on Tuesday the demands received from the United Auto Workers union have “significant costs attached that would threaten our ability to maintain our manufacturing momentum.”

New light-vehicle sales in August increased year over year for the 12th straight month.

Western automakers are set to lose a fifth of their global market share due to the unstoppable rise of more-affordable, cheaper-to-produce Chinese electric vehicles, according to UBS Group AG analysts. 

Audi should see a small sales bump this year ahead of a much stronger year in 2024 for the Volkswagen unit as its long-awaited big electric vehicle push takes off, a top executive said on Monday at Munich's IAA mobility show.

The variable costs for producing electric vehicles will remain higher compared to combustion engine models for the foreseeable future, the chief executive of Mercedes-Benz said on Sunday, adding this would continue to fuel intense competition.

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Kia said Wednesday it will invest more than $200 million in its assembly plant in the U.S. state of Georgia to begin production of its electric EV9 SUV next year.

The article below is sourced from Bloomberg Wire Service. The views and opinions expressed in this story are those of the Bloomberg Wire Service and do not necessarily reflect the official policy or position of NADA. Electric vehicle sales growth, while still brisk, has begun to slow in the US as inventory of battery-powered…