Automakers: Page 35
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Courtesy of WardsAuto
Canadian, Mexican Auto Sectors View Trump Victory With Unease
President-elect Donald Trump told the Detroit Economic Club on Oct. 11 that the US-Mexico-Canada Agreement will be reviewed in 2026. Any party can quit the free-trade deal with six months’ notice.
By Keith Nuthall • Nov. 12, 2024 -
Courtesy of Stellantis
Stellantis to lay off 400 workers at Detroit material logistics facility
The latest job cuts follow last week’s lay off announcement of 1,100 UAW-represented employees at the automaker’s Toledo South Assembly Plant in Ohio.
By Eric Walz • Nov. 12, 2024 -
Explore the Trendline➔
Courtesy of Kia Corporation
TrendlineArtificial Intelligence
Automakers and dealers alike are increasingly seeing the use case for AI within their operations. Explore some use cases in this trendline.
By WardsAuto staff -
Courtesy of Polestar
Polestar’s US customers gain Tesla Supercharger access
The company’s expanding global charging network also includes 20,000 Supercharger locations in Europe and 200 cities across China.
By Eric Walz • Nov. 12, 2024 -
Courtesy of WardsAuto
Jaguar Ends U.K. Sales Ahead of Switch to BEV Manufacturing in 2026
Jaguar sticks to its mission to be an exclusively BEV maker by 2026 despite the current increased consumer demand for hybrid powertrain technology.
By Paul Myles • Nov. 12, 2024 -
Provided by Rivian
Rivian locks in 5-year battery deal with LG Energy Solution
The U.S.-based electric vehicle maker’s agreement shores up its domestic supply chain.
By Larry Avila • Nov. 11, 2024 -
Courtesy of WardsAuto
Floods at Swiss Aluminum Supplier Drag Down JLR Q2 Revenues
Automaker also sees profits slump by 10% for the quarter but expects rebound in fortunes for the rest of 2024.
By Paul Myles • Nov. 11, 2024 -
Courtesy of Ford Motor Co.
Ford recalls 25K F-Series Super Duty pickups over tailgate camera fault
The automaker’s investigation into warranty claims revealed that the camera bracket had not been designed or tested for potential water intrusion before being introduced in series production.
By Eric Walz • Nov. 8, 2024 -
Courtesy of WardsAuto
Bentley Backtracks on All-Electric Pledge as Consumer Demand for BEVs Slows
Automaker plonks a '+' on its business strategy name and pushes the plan to only build electric vehicles back to 2035, extending the life of its new Ultra Performance V-8 PHEV powertrain.
By Paul Myles • Nov. 8, 2024 -
Courtesy of WardsAuto
Column
Fiat’s U.K. Sales Plight Sends Warning to European Automakers Nervous Over Tariffs
Two newcomer Chinese brands beat established automaker's October sales in tariff-free U.K. market as Europe still mulls effects of its new import taxes on BEVs from China.
By Paul Myles • Nov. 8, 2024 -
Courtesy of Nissan Motor Co. Ltd
Nissan plans to cut 9,000 jobs as it slashes global production
CEO Makoto Uchida said the cost-cutting move is in response to weak sales and a 90% drop in operating profit.
By Larry Avila • Nov. 7, 2024 -
Getty Images
Automotive groups react to Donald Trump’s victory
Companies say they are now turning their focus on policies to protect and grow jobs.
By Larry Avila • Nov. 7, 2024 -
Courtesy of Toyota Motor North America
Toyota’s Q2 profit falls by $1.8B, its first quarterly decline in 2 years
The automaker cited several factors for the decline, including uncertain economic conditions, market demand and a more competitive environment.
By Eric Walz • Nov. 7, 2024 -
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 -
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
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