
Volvo Trucks Laying Off Hundreds in February
Volvo Trucks North America has confirmed that it will be reducing production of several truck lines and will therefore be laying off 1 in 4 workers beginning in February of next year.

Volvo Trucks North America has confirmed that it will be reducing production of several truck lines and will therefore be laying off 1 in 4 workers beginning in February of next year.

(Ferenstein Wire)—A brand new taxi design was unveiled last week to mixed fanfare, as the tech-enabled Nissan NV 200 “Taxi of Tomorrow” runs on a decidedly 19th-century technology: fossil fuel combustion.

As Donald Trump continues to surge in the polls, a staple of Trump’s campaign rhetoric remains his emphasis on bringing manufacturing jobs back to the United States and confronting foreign competitors like China and Mexico over their unfair trading practices.

(Ferenstein Wire) — Self-driving cars will save the average driver about $1,000 annually, or cost $250 a year total, according to estimates from auto insurance startup Metromile.

In a Saturday editorial board piece, The New York Times scolded the auto loan industry, proclaiming that its practices are a “bastion of predatory lending and racial discrimination.” And emulating its favorite leftist, Massachusetts Sen. Elizabeth Warren, the Times relies on a thoroughly discredited “study” that features the unsupported claim that auto loans cost Americans nearly “$26 billion” in unfair charges a year.

With the strike ban that was a pre-condition of the GM and Fiat Chrysler federal bailouts expiring, United Auto Workers (UAW) locals are collecting food and encouraging union members to save for a potential strike when the Big Three four-year labor agreement expires on September 14.

The value of Venezuela’s bolivar currency collapsed this month, as air carriers and U.S. automakers announce they will only do business in U.S. dollars.

Thanks in part to a decades-old GM ignition switch problem in millions of vehicles, more older-model cars were recalled this year than ever before in history.