In this article STLA Follow your favorite stocksCREATE FREE ACCOUNT Carlos Tavares, Chief Executive Officer of Stellantis, poses during a presentation at the New York International Auto Show, in Manhattan, New York City, April 5, 2023. David Dee Delgado | Reuters DETROIT – Stellantis is offering voluntary buyouts to more than 33,500 U.S. salaried and
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TOKYO – Honda CEO Toshihiro Mibe admits falling behind in the global race for electric vehicles. Now he is outlining a sweeping strategy to “fight back” and rekindle Honda’s mojo. Honda’s radical revamp hinges on new models, better batteries, powerful software and a totally transformed driver interface, along with dedicated EV factories and a completely
Electric vehicles from Tesla photographed in China. The world’s second largest economy is a major player when it comes to the sale of electric vehicles. Vcg | Visual China Group | Getty Images Electric car sales jumped to more than 10 million last year, with China accounting for roughly 60% of the market, according to
10:40 AM ET Formula One will have its first sprint race weekend of the 2023 season at Baku’s Azerbaijan Grand Prix this weekend, albeit with a tweaked format to how it ran in 2021 and 2022. The sprint race was introduced to spice up certain races, offering venues the chance to effectively have three days
Stellantis aims to cut about 3,500 hourly jobs in the U.S. by offering buyouts and retirement incentives to workers ahead of negotiations with the UAW later this year. UAW Local 1264, which represents the Stellantis stamping plant in Sterling Heights, Mich., said in a letter to members that the offers would be made “corporate wide.”
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A Cruise vehicle in San Francisco, California, on Wednesday Feb. 2, 2022. David Paul Morris | Bloomberg | Getty Images Kyle Vogt, CEO and founder of GM-owned autonomous vehicle company Cruise, announced Tuesday that the company’s robotaxis are now running around the clock in San
SEOUL — Samsung SDI said it will invest $3 billion or more to build a joint-venture electric-vehicle battery plant with General Motors in the United States. Targeted to start in 2026, the plant is expected to have an annual production capacity of 30 gigawatt hours, Samsung SDI said in a regulatory filing. The company said
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — General Motors is set to report its first-quarter earnings before the bell Tuesday. GM Chief Financial Officer Paul Jacobson earlier this month said the first quarter
Bring your questions to a LinkedIn Live talk at noon Eastern on April 26 on the new EV tax credits and eligible vehicles. Executive Editor Jamie Butters will be joined by Automotive News Washington, D.C., reporter Audrey LaForest, Anne Blair, director of EV policy at the Electrification Coalition, and Robert Simmons, general manager at LaFontaine
5:15 AM ET Associated Press A German publisher has sacked one of its magazine’s editors and apologized to the family of Michael Schumacher for publishing a fake interview with the Formula One great that was generated by artificial intelligence. Tabloid magazine Die Aktuelle ran a front cover spread promising an exclusive interview with Schumacher, who
More than half of new vehicles on the road could be electric within the next decade, but developing broad and reliable public charging infrastructure is like linking pieces of a broken puzzle. It’s a disjointed process that needs to be streamlined for drivers to be confident in finding a place to power up. Charging network
Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022. Patrick Pleuil | Picture Alliance | Getty Images Tesla is scheduled to report first-quarter earnings for 2023 after the close of trading on Wednesday.
Used-car retailer CarMax this year started showing consumers the level of financing they qualify for before they start their online car shopping. The new feature means shoppers using carmax.com and CarMax’s app will know within minutes their specific payment terms and annual percentage rate for used cars in the company’s national inventory. This gives them
Halfpoint Images | Moment | Getty Images Sales of electric cars are poised for a boom, spurred by factors such as federal policy, technological advances and environmental concerns. To that point, 41% of Americans are at least somewhat likely to buy an electric vehicle as their next car, according to a recent poll from the
8:27 PM ET Associated Press TALLADEGA, Ala. — Jeb Burton won his second career Xfinity Series race at Talladega Superspeedway in a Saturday crash-fest that had two red-flag stoppages and took more than three hours to complete. Burton won in double overtime driving for Jordan Anderson Racing, which scored its first career victory when Burton
Chevrolet Corvette E-Ray No. 1 will be Corvette No. 122 for dealer Rick Hendrick. Hendrick paid $1.1 million to buy the first-ever electrified Corvette at the Barrett-Jackson auction in Palm Beach, Fla., this month. It’s only the latest in a string of seven-figure Corvette VIN 001 acquisitions for the 73-year-old collector. In 2022, Hendrick bought
My top 10 things to watch Friday, April 21 1. Truist downgraded Tesla (TSLA) to hold from buy, while lowering its price target to $154 per share, from $245. The firm cited the electric vehicle maker’s “brazen willingness to accept lower product margins.” Meanwhile, Barclays lowered its price target on Tesla to $220 per share,
LOS ANGELES — A California state court jury on Friday handed Tesla Inc. a sweeping win, finding the electric vehicle maker’s Autopilot feature did not fail in what appeared to be the first trial related to a crash involving the partially automated driving software. Tesla has been testing and rolling out an Autopilot and more