rysler Pacifica Hybrid in third and fourth place. Belvidere, Illinois Plant reopens to produce Ram's new pickups starting in 2027 Stellantis announced on January 22, 2025 that it will restart its Belvidere, Illinois Plant, which has been idled since the end of February 2023. According to the UAW, the plant plans to produce a new mid-size pickup truck for Ram starting in 2027. The reopening of the plant will result in approximately 1,500 UA...

Market & Tech Reports  Updated at: 2025/03/18

trends, as political and economic challenges persist, exacerbated by recent government turmoil in Germany and France. North America The US Light Vehicle market saw sales strongly expand YoY in November, helped in part by an additional selling day compared to the same period last year, while the UAW strikes in November 2023 provided a lower base for sales. Volumes for November 2024 reached 1.38 mn units, growing by 12.3% YoY. The selling rate ...

Market & Tech Reports  Updated at: 2024/12/17

d-term forecast, GlobalData mentions that GM has several strengths such as the breadth of vehicle/powertrain development capabilities, strong global Chevrolet brand presence and partnerships to leverage resources/cost reduction, along with some weaknesses/threats including cost impact of the record UAW contract and low-cost BEV manufacturers.   GM 's light vehicle sales forecast (Top 10 countries) (GlobalData, Q3 2024) (Click here to download 61...

Market & Tech Reports  Updated at: 2024/11/27

s LLC, Warren Plant LG Energy Solution August 2022 GM's first Ultium battery cell plant, through a joint venture. An investment of USD 2.3 billion is planned to be invested in the project, which will have a planned annual production capacity of over 40GWh. In December 2022, the United Auto Workers (UAW) organized a union at the plant, and a collective bargaining agreement reached in June 2024 increases the maximum hourly wage from USD 20 (after s...

Market & Tech Reports  Updated at: 2024/10/08

YoY). Hyundai GroupWe now expect that a more decent recovery will continue in 2023 (+4.9% YoY). We, however, believe that this recovery will be fragile and will not last through 2024. StellantisStellantis’ global output should decline by 2% YoY in Q4 2023, with build constrained by six weeks of UAW strike action from 15 September at the group’s Toledo plants in the US. To a lesser extent, volumes over this period have also been hindered by ...

Market & Tech Reports  Updated at: 2024/01/30

shipments and pricing policies.   Shipments in North America for the period of January-September 2023 increased by 6.6% y/y to 1.493 million units. In addition to the Chrysler brand, which was mainly driven by the Pacifica PHEV, the Dodge and Ram brands saw a growth in sales. In November 2023, the UAW (United Auto Workers) and Unifor (Canadian labor union) reached agreements with Stellantis in labor negotiations and new labor contracts were rati...

Market & Tech Reports  Updated at: 2024/01/29

ed from the previous month. Sales of Japanese OEMs (particularly Toyota and Honda) were strong, but sales of General Motors, Ford, and Stellantis were sluggish and inventories are increasing. Although the strike ended with the conclusion of wage hike negotiations with the United Auto Workers Union (UAW) at the end of October, the reason for the increase in inventories was that sales in November continued to be weak or negative from the previous m...

Market & Tech Reports  Updated at: 2023/12/26

. North America The US Light Vehicle market grew by a moderate 8.9% YoY in November, to 1.23 mn units, while on the other hand the selling rate slightly decelerated to 15.4 mn units/year, down from the 15.6 mn units/year reported in October. Sales were impacted in October due to the impact of the UAW strike, but the strike was settled by November due to the Detroit 3 OEMs coming to agreements with the union. Transaction prices remained at a hig...

Market & Tech Reports  Updated at: 2023/12/15

which still has a low penetration rate.   United States   New vehicle sales in October were 1.211 million units, reflecting an increase of 2.1% y/y (down 9.8% m/m). Cumulative sales for the January to October period increased 12.9% y/y to 12.941 million units.   It was reported that Ford and the UAW (United Auto Workers) union, six weeks into the strike, had reached a tentative agreement and that the strike at three plants would end at the end...

Market & Tech Reports  Updated at: 2023/11/27

es for the Jan.-Sep. 2023 totaled 880,000 units, or 9.4% market share New CO2 regulations under the Biden administration: 67% BEV ratio assumed for MY2032 California regulation: 100% ZEV ratio in MY2035 Charging network development: GM, Ford, and three Japanese OEMs use Tesla's Supercharger network UAW strike: New labor agreement with Detroit Three GlobalData Sales Forecast: Light vehicle sales in the US will be 16.8 million units in 2026 2...

Market & Tech Reports  Updated at: 2023/11/24

GlobalData Global Light Vehicle Sales Update (October 2023) Summary Commentary The Global Light Vehicle (LV) selling rate for October was broadly in line with an upwardly adjusted September figure, at 94 mn units/year. In YoY terms, the market was up nearly 11% last month, and up over 10% YTD. While growth in the USA was impacted by the UAW strikes through October, other key markets saw double-digit growth, although this is partly due to 2022 b...

Market & Tech Reports  Updated at: 2023/11/17

g to a report by GlobalData as of Q3 2023, global light vehicle production in 2023 is estimated to increase by 7.8% y/y to 89 million units. In particular, the better-than-expected performance in China has led to an upward revision of approximately 1.6 million units from the previous forecast. -The UAW strike is hampering production in North America, but overall, the impact has been fully offset by growth in China and India due to higher demand. ...

Market & Tech Reports  Updated at: 2023/10/27

ding the environment in which they are used.   United States   New vehicle sales in September were 1.342 million units, an increase of 19.9% y/y (down 0.1% m/m). Cumulative sales for the January to September period increased 14.2% y/y to 11.730 million units.   September was a month in which the UAW strike against the Detroit 3 had a major impact on the market. Several U.S. media outlets have reported that U.S. auto parts manufacturer organiza...

Market & Tech Reports  Updated at: 2023/10/25

rket displayed another strong month in September, as vehicle sales reached 1.34 mn units, increasing by 19.8% YoY. The selling rate increased significantly in September to 15.8 mn units/year, up from a revised figure of 15.4 mn units/year reported in August. There was no discernible impact from the UAW strikes in September, as OEMs had sufficient inventory to meet demand. Transaction prices remain at an elevated level, but in September the averag...

Market & Tech Reports  Updated at: 2023/10/17

Buzz Indoor EV test track staging area organized by vehicle brand   The 2023 North American International Auto Show (NAIAS) was held from September 13 through September 24, 2023 in Detroit, Michigan, U.S. at the Huntington Place convention center. While the exhibition started before the UAW strikes, demonstrations were held away from Huntington Place and had little impact on the show. Compared to 2022, the 2023 NAIAS placed a higher e...

Market & Tech Reports  Updated at: 2023/10/16

ation of the Inflation Control Act (IRA), there are increasing activities to strengthen domestic production of electric vehicles and batteries. While U.S. manufacturers have showcased BEVs at the North American International Detroit Auto Show in September, there are concerns about the impact of the UAW strike on production. In line with these developments, we will be keeping a close eye on future moves by OEM manufacturers and suppliers.   India...

Market & Tech Reports  Updated at: 2023/09/26

he Advanced Technology Vehicle Manufacturing (ATVM) program under the U.S. government's Inflation Protection Act (IRA) (December 2022).   It was reported that a labor union was formed in January 2023 as a result of workers' representative elections at the Warren plant, the first JV cell plant. The UAW (United Auto Workers) is also planning to form unions at the Spring Hill and Lansing Ultium Cell plants.     GM has clearly stated its key polic...

Market & Tech Reports  Updated at: 2023/09/06

announced a goal of making EVs, PHEVs, and FCEVs 50% of all light-duty vehicle sales in 2030. The policy is not legally enforceable, but intended to lead automobile manufacturers to this target with strengthened fuel economy regulations and measures to support the spread of EVs.   The automakers, UAW (United Auto Workers union), and others who participated in the signing ceremony of the Executive Order all agreed with Biden's policy and promise...

Market & Tech Reports  Updated at: 2021/09/24

eir plants entirely from mid-March, as seen in Fig. 4 and Fig. 5. Almost all of GM's North American plants were closed for about two months until late May, and VW's European plants were closed for just over a month until late April. Especially in the U.S., negotiations with the United Auto Workers (UAW) were necessary, and as the infectious disease continued to spread, a policy of protecting people's lives was promoted, requiring a long period be...

Market & Tech Reports  Updated at: 2020/11/05

into production at the end of 2019. Conversely, the Chevy Blazer, a midsize SUV manufactured in Mexico that GM started exporting to the U.S. in January 2019, contributed to GM’s FY 2019 increase in production volume. In 2019, despite the disruption of production at some plants as a result of the UAW strike in the U.S., GM’s Mexico manufacturing operations achieved an increase in production by 3.6% compared to 2018. Among GM’s models, the C...

Market & Tech Reports  Updated at: 2020/07/17