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2024-09-08 01:16:20
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Bullet points of Ditching EVs For Hybrids Is Already Paying Off For Automakers

Bullet points of Ditching EVs For Hybrids Is Already Paying Off For Automakers
- Hybrid vehicles are seeing a sales boost, with Toyota, Hyundai, and Kia reporting record sales numbers for August, and Honda also seeing an increase in sales.
- BMW is planning to release hydrogen-powered vehicles in 2028, partnering with Toyota to establish the technology as an alternative to battery-electric vehicles.
- The United Auto Workers union has gained recognition at a General Motors battery manufacturing plant in Tennessee, with over 1,000 employees set to gain union representation.
- German unions are gearing up to fight Volkswagen's plans to close a domestic plant for the first time in the company's history, with the union considering a four-day workweek as an alternative option.
- U.S. auto sales are projected to rise 7-8% in August, with average transaction prices falling as inventory rises and incentives increase.
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