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Daily 5 report for Oct. 4: Rough times for EV makers, but future looks good

EV maker Rivian reported disappointing Q3 sales, but electrification news should improve next week as The Battery Show highlights the latest technologies.

Sat Oct 5, 2024 04:59
Stellantis sues UAW to stop strike over plant investments

Stellantis is taking legal action against the union's threat to walk off over delayed investments in some of Stellantis' assembly plants, including the shuttered Belvidere site.

Sat Oct 5, 2024 02:58
Damage and insurance losses from Hurricane Helene could cost billions

Insurance losses are expected to reach roughly $6.4 billion, and insurance providers may reevaluate how they price policies and what types of coverage they offer.

Sat Oct 5, 2024 01:22
NHTSA investigates sudden brake loss in 2015-2017 Ford Edge

Following reports of rear brake hose failures, a preliminary investigation is examining the extent of the issue in 2015-2017 Ford Edge vehicles.

Fri Oct 4, 2024 22:58
Rivian reports 36% drop in Q3 sales, slashes full-year production forecast on parts shortage

Rivian sold 10,018 vehicles in the third quarter and cut its full-year production forecast to around 48,000.

Fri Oct 4, 2024 22:58
Port strike's end averts potential calamity for auto supply chain

The end of the port strike that shut down shipping on the East and Gulf coasts after three days comes as a relief to the auto industry, which had feared supply bottlenecks that could last months.

Fri Oct 4, 2024 22:58

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