Automakers: Page 53
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Courtesy of Mercedes-Benz AG
Mercedes-Benz delays EV goal amid slowing demand
Low-cost EV sales are growing faster than more expensive luxury models, a company executive said.
By Michael Brady • Feb. 23, 2024 -
Courtesy of General Motors
GM nearly doubles Super Cruise road network miles
The automaker increased the number of usable miles from 400,000 to 750,000.
By Eric Walz • Feb. 23, 2024 -
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Courtesy of WardsAuto
Flat Mercedes-Benz 2023 Financials See Sales Slow
Automaker reports premium luxury and LCVs hold up against "challenging" economic and logistics environment and that R&D into ICE technology will continue into 2030s as BEV sales stay weak.
By Paul Myles • Feb. 22, 2024 -
Courtesy of Rivian Automotive
Rivian to lay off 10% of salaried workforce
A company spokesperson said the hourly manufacturing workers at its plant in Normal, Illinois, would not be affected.
By Michael Brady • Feb. 21, 2024 -
Courtesy of Ford Motor Co.
UAW, Ford reach local deal, staving off strike at Kentucky Truck Plant
Local 862 was prepared to strike on Friday if the tentative agreement was not reached.
By Michael Brady • Feb. 21, 2024 -
Courtesy of Stellantis
Stellantis shakes up sales organization in North America
The reshuffle aims to increase the automaker’s focus on business-to-consumer and business-to-business sales.
By Eric Walz • Feb. 21, 2024 -
Courtesy of Clayco
EV battery plant construction booms even as automakers hit the brakes
The U.S. may need 60 billion batteries and 40 large-scale gigafactories to meet EV demand in 2030, one expert said.
By Sebastian Obando • Feb. 21, 2024 -
Courtesy of WardsAuto
BYD Enters South America with Seagull, Continues to Eye NA
Chinese battery-electric-vehicle maker BYD is entering South America with its least-expensive BEV, and continues to pursue a manufacturing site in Mexico as a staging ground for the U.S. market.
By David Kiley • Feb. 21, 2024 -
Courtesy of WardsAuto
DS Claims First to Offer ChatGPT as Standard Equipment
French premium brand rolls out AI-powered voice assistant following successful trials with customers.
By Paul Myles • Feb. 21, 2024 -
Courtesy of WardsAuto
Environmentalists Halting Tesla’s Berlin Expansion
Residents' concern over deforestation with factory expansion plans throws production ramp-up into doubt.
By Paul Myles • Feb. 21, 2024 -
Courtesy of Fisker Inc.
Fisker stock is at risk of delisting
The EV startup has six months to boost its share price above $1 per share to stay on the New York Stock Exchange.
By Michael Brady • Feb. 20, 2024 -
Justin Sullivan via Getty Images
Dealers reimbursed $135M for clean vehicle tax credits since Jan. 1
The Clean Vehicle Tax Credit offers consumers the option of a point-of-sale discount of $7,500 for the purchase of qualifying vehicles.
By Eric Walz • Feb. 16, 2024 -
United Auto Workers. (2023). "UAW President Shawn Fain Livestream Update 10/6/23" [Video screenshot]. Retrieved from YouTube.
Nearly 9,000 UAW members could strike at Ford’s Kentucky Truck Plant
The autoworkers want Ford to address health and safety issues, “as well as Ford’s continued attempts to erode the skilled trades” at the plant, the union said.
By Michael Brady • Feb. 16, 2024 -
Courtesy of WardsAuto
Ford CEO: Going Small With EVs to Make Money
Ford CEO Jim Farley admits that he and his team misread consumer demand for battery-electric vehicles and will shift to smaller BEVs priced comparably to hybrids.
By David Kiley • Feb. 16, 2024 -
Courtesy of WardsAuto
BMW Using Bike Racing Series on Road to Clean ICE Future
Automaker says no reduction in power using fuel that is just 60% fossil-fuel based.
By Paul Myles • Feb. 16, 2024 -
Courtesy of WardsAuto
Ford Looking Outside UAW Strongholds After Strike
Ford CEO Jim Farley says the automaker is more likely to source future manufacturing outside UAW influence as a result of last fall’s strike.
By David Kiley • Feb. 15, 2024 -
Courtesy of WardsAuto
Stellantis Profitable in 2023, Downplays Merger Talk With Renault
Stellantis, the world’s third-largest automaker by sales, reports $20 billion in profits for 2023, and says 2024 will be a more volatile year for the industry.
By David Kiley • Feb. 15, 2024 -
Courtesy of Stellantis
Stellantis to produce EV drive modules in Hungary
The modules, which combine an electric motor, reduction gearset and inverter into a single unit, should begin production in late 2026.
By Eric Walz • Feb. 15, 2024 -
Courtesy of WardsAuto
BYD’s All-Out European Sales Push at Geneva Auto Show
As the Chinese auto giant advances through Europe, it offers its first PHEV in recognition of poor charging infrastructure in many countries.
By Paul Myles • Feb. 15, 2024 -
Courtesy of SSOE Group.
Panasonic, Novonix sign synthetic graphite supply deal
The deal will help the battery maker as it opens its Kansas factory, which is expected to supply automakers like Tesla and Mazda.
By Kate Magill • Feb. 15, 2024 -
Courtesy of Rivian Automotive
Rivian names former Meta, Amazon exec as marketing head
The move comes weeks before Rivian launches the R2, the automaker’s smaller, more affordable electric crossover.
By Michael Brady • Feb. 14, 2024 -
Courtesy of WardsAuto
Lucid Cuts Prices and Complexity
Lucid Motors, backed by the Saudi Sovereign Wealth Fund, cuts and restructures pricing to appeal to more buyers.
By David Kiley • Feb. 14, 2024 -
Courtesy of Cruise LLC
GM’s Cruise unit names safety leader amid federal investigations
Steve Kenner will help the company improve safety and reestablish trust with regulators, government officials and the public.
By Michael Brady • Feb. 14, 2024 -
Courtesy of WardsAuto
Ford Looks to Europe for F-150 Lightning Sales
Automaker hopes to offset flagging home sales with move into BEV-friendly Continental countries.
By Paul Myles • Feb. 14, 2024 -
Courtesy of WardsAuto
GM Dealers Keen on Return of Plug-In Hybrids
General Motors auto retailers express confidence in automaker after a closed-door meeting.
By Steve Finlay • Feb. 13, 2024
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