Porsche Resets for 2035: 9,000 Jobs Cut, a Gas Macan Returns, and the 911 “Will Never Be Electric”
Porsche’s Sportwagenschmiede ’35 strategy cuts about 9,000 jobs, brings back a combustion and hybrid Macan, delays its large electric SUV, and confirms a new halo car above the 911, which CEO Michael Leiters says “will never be electric.”
Ford, JPMorgan Chase and Michigan Launch a $3 Billion Push to Rebuild the State’s Supplier Base
Ford, JPMorgan Chase, and the state of Michigan have launched Michigan LIFT, a $3 billion public-private initiative to help manufacturing suppliers access financing, workforce training, and new business. Ford and JPMorgan have each pledged up to $1 billion toward the decade-long program.
Ford Halts F-150 Production at Two Plants as a Mystery Parts Shortage Drags On
Ford halted F-150 production at its Dearborn Truck Plant through September 30 and canceled multiple shifts at Kansas City Assembly, idling roughly 3,500 to 4,000 workers amid an unexplained supplier parts shortage unrelated to last year’s aluminum supply disruption.
Honda Nears Deal for a $2.5 Billion Ohio Plant to Build Its Next Flagship SUVs
Honda is reportedly finalizing plans for a $2.5 billion hybrid vehicle plant in Ohio — its first new North American factory in about 20 years — to build the next-generation Acura MDX and two new flagship crossovers, internally known as the “Pilot XXL” and “Acura XL.”
Akio Toyoda Joins the Automotive Hall of Fame — and Uses the Moment to Call on Rivals to Work Together
Akio Toyoda, chairman of Toyota Motor Corporation, was inducted into the Automotive Hall of Fame on September 23, becoming the fourth member of his family so honored. In his acceptance speech, Toyoda urged rival automakers to unite and pursue collective effort rather than compete alone.
Stellantis Delays Its Two Key Electrified Trucks Again — Ram 1500 REV and Jeep Grand Wagoneer EREV Both Slip
Stellantis has pushed back production of the Ram 1500 REV to April 2027 and the Jeep Grand Wagoneer EREV to November 2026, per supplier memos.
Mavis Tire Completes $700 Million Acquisition of Pep Boys, Creating a 4,400-Location Network
Mavis Tire has closed its $700 million acquisition of Pep Boys, expanding its network to more than 4,400 service centers across the US and Canada.
Toyota Doubles Down on Texas With a $3.6 Billion Expansion and 2,000 New Jobs
Toyota is investing $3.6 billion to expand its San Antonio plant with a second assembly line, creating 2,000 new jobs and bringing Tacoma production back from Mexico to Texas. The move pushes Toyota’s total San Antonio investment past $8 billion since 2003.
Kia Just Had Its Best August Ever — and It’s on Track for a Fourth Straight Record Year
Kia posted its best August ever in the US, selling 83,793 vehicles with six models setting individual records, and pushed its year-to-date total to 590,377 units. The brand says it’s on track for a fourth consecutive record-breaking year, powered by surging hybrid sales and the new EV3.
Stellantis and Samsung SDI Announce Second U.S. Battery Plant Agreement
The two companies are deepening their partnership to expand domestic battery production capacity ahead of growing EV demand.
