AD #3684 - BMW’s EV Sales Soar 80%; Ford Michigan Assembly UAW Workers Approve New Deal; NIO Plans 10% Jobs Cut
About this episode
Ford's Michigan assembly workers overwhelmingly approved a new UAW contract, marking progress in strike negotiations, while Ford faces challenges meeting EV production targets, notably with the F-150 Lightning and Mustang Mach-E. BMW reported strong Q3 sales growth, driven by an 80% surge in EV sales, despite a slight net profit decline due to its Chinese joint venture. US car sales rose modestly but fell short of forecasts amid economic pressures and strikes. Chinese EV startup NIO plans a 10% workforce cut amid a competitive market but continues to grow sales. Ford also acquired power startup AMP to boost EV charging tech and expanded its Bronco off-roading program to non-owners. Acura updated the 2024 TLX with refreshed styling and tech upgrades.
Ford Bronco
"...at it's spending on the deal. Ford is opening its Bronco off Roading program to non Bronco owners. New Bro..."
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