Automakers: Page 32
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Courtesy of Stellantis
Stellantis to lay off 1,100 at its Toledo South Assembly Plant
The layoffs are effective as early as Jan. 5, 2025. The automaker called it a “necessary action to reduce high inventory levels.”
By Eric Walz • Nov. 7, 2024 -
Courtesy of WardsAuto
Politics Aside, Toyota Committed to Electrification
Toyota Motor North America’s David Christ says the automaker is committed to an electrification strategy that it will pursue regardless of changes in the political landscape stemming from Republican President-elect Donald Trump’s victory.
By Joseph Szczesny • Nov. 7, 2024 -
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Provided by NPX Semiconductors
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Courtesy of WardsAuto
Renault Veteran Xavier Martinet to Head Hyundai Europe
Starting from the showroom floor, Martinet hopes to bring a wealth of sales experience to the role of president and CEO of Hyundai Motor Europe.
By Paul Myles • Nov. 6, 2024 -
Courtesy of Volvo Cars
Volvo Cars launches NACS adapter for Tesla Supercharger access
The chargers can be located using the automaker's app or built-in Google Maps via the vehicle’s infotainment system starting on Nov. 18.
By Eric Walz • Nov. 6, 2024 -
Courtesy of WardsAuto
Russia Looks to BRICS Countries for Auto Imports
Automakers from India, Iran and some Middle East and African states have announced plans to start large-scale car exports to Russia soon.
By Eugene Gerden • Nov. 6, 2024 -
Courtesy of WardsAuto
Xpeng to Bring ‘Longest Range’ Gas-Hybrid Powertrain to Global Markets
Chinese automaker bows to consumer demand with gas-hybrid system claiming 870-mile total range.
By Paul Myles • Nov. 6, 2024 -
Getty Images
Subaru anticipates 15% drop in 2025 profits
The automaker reported a 20% sales decrease — including a 10% decline in the U.S. — during the first half of its fiscal year.
By Haley Cawthon • Nov. 6, 2024 -
Courtesy of WardsAuto
Column
Buy Them All Ice Cream
Automakers like Stellantis, finding themselves with market pressure and falling profits, should not start indiscriminately slashing costs, outsourcing work and getting rid of the very people who delivered those profits when times were easier.
By John McElroy • Nov. 5, 2024 -
Courtesy of WardsAuto
European Demand for Electrified Volvo Cars Boosts Global Sales 3%
Automaker sees overall growth for October despite falls in the U.S. and China auto markets.
By Paul Myles • Nov. 5, 2024 -
Courtesy of Volkswagen Group
Volkswagen’s Q3 revenue drops by 41.7% YoY
The automaker attributed the decline to slowing sales in the China market, restructuring expenses for its passenger cars business and investments in new products.
By Eric Walz • Nov. 5, 2024 -
Courtesy of WardsAuto
Opinion
Industry Voices | Scary Times for Vehicle Subscription Services
Just when you thought the whole subscription model was doomed, a new breed of survivors emerges from the shadows, leveraging learnings from the past to make quick progress.
By John Possumato and Nick DiPrima • Nov. 5, 2024 -
Photo illustration: Industry Dive; Joe Readle/Getty Images; Brandon Bell/Getty Images
As US EV sales growth slows, election results could reverse or reinforce the trend
U.S. electric vehicle sales are rising, though the rate of growth has declined in the past year. The next president can continue support for purchase incentives or seek to cut the popular tax credit, experts say.
By Robert Walton • Nov. 4, 2024 -
Provided by Stellantis
Stellantis Q3 year-over-year revenue nosedives 27%
The automaker shipped fewer new vehicles during the quarter as it prioritizes EV rollouts and selling excess inventory.
By Larry Avila • Nov. 4, 2024 -
Courtesy of Toyota Motor North America
Toyota, Suzuki to launch electric SUV
Toyota describes the forthcoming vehicle as a “nimble SUV with the sharp driving characteristics of a BEV.”
By Eric Walz • Nov. 1, 2024 -
Courtesy of WardsAuto
Stellantis Q3 Revenue Slump Below Predictions
Discounting overproduced inventory slashes 27% off automaker's Q3 revenues but group's sales strategy seems to be working, particularly in the U.S.
By Paul Myles • Nov. 1, 2024 -
Courtesy of FCA US
Stellantis, Factorial to launch demo fleet to test solid-state-EV batteries
A fleet of electric Dodge Charger Daytonas will evaluate their real-world performance with the goal of commercializing the technology.
By Eric Walz • Nov. 1, 2024 -
Getty Images
Vehicle pricing fell year-over-year in Q3: Cox Automotive
The average value of discounts and other incentives increased for the third straight month.
By Kalena Thomhave • Nov. 1, 2024 -
Courtesy of Mercedes-Benz
Mercedes-Benz opens its own battery recycling factory
With a targeted recovery rate of up to 96%, the facility will process and recycle enough materials to produce more than 50,000 new battery modules per year.
By Eric Walz • Oct. 31, 2024 -
Courtesy of Ford Motor Co.
Ford Integrated Services unit chief departs for Peloton
Peter Stern's team was tasked with building out the automaker’s BlueCruise hands-free highway driving system and other key technology projects.
By Eric Walz • Updated Nov. 11, 2024 -
Courtesy of WardsAuto
China Tells Automakers to Shun EU Tariff-Supporting Countries
Chinese BEV makers being instructed to punish EU nations that voted for tariffs against their unfairly state-subsidized products by ditching investment plans and focus on nations that were against trade penalties.
By Paul Myles • Oct. 31, 2024 -
Courtesy of WardsAuto
Renault Weathers Weak European Market Better Than Rivals
Demand for French automaker's premium hybrid products helps it see Q3 revenues rise and to hold on to whole-year profit forecast while other automakers cut theirs.
By Paul Myles • Oct. 30, 2024 -
Getty Images
Warranty spend weighs on Ford’s Q3 profit
The automaker said it would be on pace for record profit in 2024 if it weren’t for higher-than-expected warranty costs.
By Haley Cawthon • Oct. 30, 2024 -
Getty Images
Volvo dials back full-year growth projections
However, Volvo Cars’ CEO Jim Rowan believes reluctant buyers will be swayed when the automaker introduces its expanded EV and hybrid lineup.
By Larry Avila • Oct. 29, 2024 -
Courtesy of WardsAuto
Ex-VW CEO Warns Against Overestimating Chinese EVs
“The world isn’t set up for us Germans to lose by default,” Herbert Diess says on German television. “The automotive landscape we represent is still open for a second round, and we’re doing our homework again.”
By Greg Kable • Oct. 29, 2024 -
Courtesy of Mercedes-Benz
Mercedes-Benz Q3 earnings tumble amid subdued world economy
The automaker blamed lower vehicle sales on weak demand in many global markets, especially China, where the luxury segment struggled.
By Haley Cawthon • Oct. 29, 2024
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