Autos In Five

The daily five-minute brief on the auto business.

Daily brief · 5 min
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The day's stories

01

Unifor sets strike authorization vote at Stellantis

Unifor will ask members to authorize a strike if talks with Stellantis fail, putting Canadian assembly continuity into the bargaining.

Automotive News reports that Unifor members will vote on whether to authorize a strike against Stellantis should negotiations fail to produce an agreement. The union says a strike remains a last resort, and frames the option of walking off the job as a lever to reach a deal. Any effect on Canadian assembly output is contingent on whether talks break down; no stoppage has been called.

02

Cox Automotive projects record-low Detroit Three share

Cox Automotive expects the combined third-quarter U.S. market share of Ford, GM and Stellantis to be the lowest on record, with Asian brands gaining.

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According to Cox Automotive, the combined market share of Ford Motor, General Motors and Stellantis is expected to decline in the third quarter, a level the research firm describes as the lowest in its history. Researchers at the firm say Asian carmakers will account for the larger share of the quarter's sales, per reports in The Epoch Times, Japan Today and Malay Mail. The projection rests on preliminary third-quarter figures and has not been confirmed against final sales data. A shift of that size would carry into inventory mix, incentive spending and supplier volumes for companies tied to domestic nameplates.

03

Western Europe posts strongest September car market since 2017

September new-car registrations in Western Europe were reported at a nine-year high, a demand reading that sits apart from the region's economic caution.

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Just Auto and Automotive World report that Western Europe's car market recorded its best September in nine years, with registrations strengthening despite what the reports describe as significant economic uncertainty. The drivers behind the single month are not broken out in the reporting. Dealers, lenders and suppliers now have a demand figure that runs counter to the more cautious assumptions in their own planning.

04

Volvo Cars attributes third-quarter sales decline to China

Volvo Cars says a China slump drove its global third-quarter sales lower, while European EV demand held up and U.S. buyers were slow to return.

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Volvo Cars attributes the decline in its global third-quarter sales primarily to weakness in China, according to reports from WardsAuto, Just Auto and Automotive News. The automaker says European demand for its electric vehicles was strong over the period, while U.S. consumers have been slow to return to the brand. On the company's own account, China is the swing factor in the quarter, with its European and U.S. results pulling in opposite directions.

Also moving today

  • Renault to invest $11 billion in France in EVs, affordable cars, CEO says Automotive News
  • Volkswagen, PowerCo and Gotion plan three battery ventures Just AutoAutomotive News
  • Porsche CEO Michael Leiters faces crucial test as he unveils turnaround plan Automotive News
  • EU vote on Tesla self-driving system pushed back Automotive News
  • Valeo selected by Nissan as partner for ProPILOT Just Auto
  • Britain weighs Chinese EV tariffs to avoid EU ‘Made in Europe’ penalties, report says Automotive News
Read the transcript
Welcome in, today is Wednesday, October seventh, and we begin with Automotive News on a strike vote at Stellantis Canada. Following our earlier coverage of Stellantis moving to sell the idled Brampton plant, the Canadian talks have hit an impasse. Unifor, which represents more than nine thousand hourly Stellantis workers in Canada, says its members will soon vote on whether to authorize a strike if bargaining fails. That is Automotive News, citing the Canadian Press. Per that reporting, the union says it is moving to a vote because its bargaining committee and the company are deadlocked on several key issues. Unifor calls a walkout a last resort, and in that account presents the authorization itself as a lever to reach an agreement. The practical effect is that Canadian assembly continuity is now on the bargaining table, with any output consequence resting on whether talks actually fail. Also today, a number on share. The Detroit Three's combined share of the United States market is expected to land at a bit more than thirty-six percent in the third quarter, the lowest on record, according to Cox Automotive. The same research has Asian brands taking more than half of new-vehicle sales for the second quarter running, and General Motors slipping from seventeen point four percent last year to sixteen point seven across the first nine months, with Toyota up from fifteen point two to fifteen point six. Building on our earlier report on the quarterly sales table, that reads through to inventory mix, incentive spend and supplier volumes at domestic nameplates. Reaction leans toward a product-mix read, with efficient Japanese and Korean models seen undercutting thirstier American SUVs while pump prices stay high. Separately, Europe. Western European car sales posted their best September in nine years, according to Just Auto, a demand reading dealers, lenders and suppliers track when they set volume expectations. Automotive World reports record electric-vehicle sales for the month and credits subsidies and high pump prices, arguing supply, not appetite, had been the constraint. That follows our earlier report on battery-electric vehicles taking a record thirty-three percent of registrations across twelve major markets. What the single month does not break out is how much of the growth reached incumbents. Reaction leans toward crediting plug-in hybrids as a hedge for buyers unwilling to commit to full electric, while a contrarian strand says two powertrains only add cost and points instead to improving Chinese electric vehicles. Volvo Cars, meanwhile, says it will miss its full-year volume and cash-flow targets, citing deteriorating market conditions in China and a slower-than-expected recovery in the United States. That is Automotive News and Just Auto. WardsAuto reports the China slump drove the third-quarter decline in global sales, and has Volvo pointing to strong European demand for electric vehicles against American buyers slow to return. Two regions pulling opposite ways inside one quarter is a planning problem as much as a demand one. Industry reaction leans toward reading the China decline as structural rather than cyclical, with shrinking foreign premium share there described as a decade-long trend. A recurring counterpoint is how much product and pricing must be localized by region, with premium price positioning flagged as the sticking point. Now, a few more headlines moving the trade today. Renault Group will invest the equivalent of eleven billion dollars in France in electric and cheaper cars if the political climate allows, chief executive Francois Provost says, per Automotive News. Volkswagen's battery unit PowerCo and China's Gotion High-Tech plan three ventures in Spain, Slovakia and Morocco for lower-cost lithium-iron-phosphate cells, Gotion putting in about one point five nine billion euros and PowerCo one point six two billion, per Just Auto. Porsche chief executive Michael Leiters unveils his turnaround plan today, betting on a smaller, more profitable brand built on new SUVs and cost cuts, Automotive News reports, following our earlier coverage of the group's write-downs. A European Union committee was set to take up Tesla's Full Self-Driving request again yesterday, with December now the earliest a required member-state vote could come, according to Automotive News. Nissan has selected Valeo as its partner for the next ProPILOT, integrating Wayve's AI Driver technology with Valeo's hardware and software stack, per Just Auto. And finally, Britain is weighing tariffs matching the European Union's on Chinese electric vehicles, to spare British firms selling into the bloc the proposed Made in Europe penalties, the Times reported, via Automotive News.