Stellantis shareholders sue automaker in U.S. after disappointing earnings
The complaint said Stellantis artificially inflated its stock price for much of 2024 by making "overwhelmingly positive" assessments about inventories, pricing power, new products and operating margin......»»
Ex-VW CEO Martin Winterkorn"s fraud trial starts years after emissions scandal
Former VW CEO Martin Winterkorn is defending himself against several criminal allegations relating to the automaker's diesel-cheating scandal......»»
VW warns of plant closures, job cuts in Germany to reduce spending
VW considers one large vehicle plant and one component factory in Germany to be obsolete, according to the automaker's works council......»»
VW warns of plant closures, forced lay offs in Germany in cost-cutting drive
VW considers one large vehicle plant and one component factory in Germany to be obsolete, according to the automaker's works council......»»
Ally"s EV lease strategy includes tax credits, residual guarantee
Ally Financial has rapidly expanded its EV leasing business after receiving a 50 percent residual value guarantee from an unspecified automaker during the first quarter......»»
Chrysler heir to Stellantis: Sell iconic brands to me
Walter P. Chrysler's great-grandson, in an open letter to Stellantis CEO Carlos Tavares, proposes a "graceful and profitable exit" for the Chrysler and Dodge brands......»»
Polestar posts $242M loss amid EV demand slowdown
The automaker expects the Polestar 3 and 4 will help boost sales in the second half of the year, particularly in the last few months when demand for the two premium crossovers should grow......»»
Ineos Automotive shuffles exec roles after key departures
Two Ineos Automotive executives have been given new roles within the young automaker......»»
Lithia"s captive finance company Driveway Finance turned a Q2 profit
Lithia Motors Q2 2024 earnings: After just a few years of operation, Lithia's relaunched captive finance car loan company Driveway Finance Corp. turned a profit during the second quarter and was on track to stay that way......»»
Ford emphasizes flexibility with new hybrids, expanded gas lineup
The automaker has positioned itself to continue making money on gasoline vehicles to help fund its EV ambitions, while ramping up hybrid sales for those customers not fully ready for battery power......»»
Ford lineup exudes ‘passion and purpose"
The automaker has positioned itself to continue making money on gasoline vehicles to help fund its EV ambitions, while ramping up hybrid sales for those customers not fully ready for battery power......»»
Real Madrid vs Valladolid live stream: Can you watch for free?
After a disappointing draw to open the 2024-25 La Liga season, Real Madrid return home to take on Valladolid at the Santiago Bernabeu today. Valladolid was one of just four sides to capture three points in the season’s opening weekend, taking d.....»»
UAW workers rally outside Stellantis truck plant, blast CEO
The union has threatened to strike the automaker for failing to meet its commitment to reopen the idled Belvidere plant by 2027. Stellantis said the union has agreed to language in the contract that allows it to do so......»»
Top 5 stories of the week: Mazda"s incentives soar along with its sales; UAW threatens Stellantis
A quick look at the top automotive stories of the week as determined by reader interest......»»
Stellantis, GM slash headcount in Michigan but keep state incentives
Stellantis employed 38,913 people in the state at the beginning of 2023, a 7 percent year-over-year drop, according to data submitted to Crain’s. GM’s Michigan-based headcount of 50,316 at the start of 2024 represents a 9 percent decline from 202.....»»
Worker killed at Jeep plant in Ohio, reports say
Stellantis said it was aware of the incident but could not provide further details......»»
How changing automaker EV plans complicate suppliers" labor strategies
Some suppliers are cutting jobs because of slowdowns in automakers' electrification plans, often reluctantly so because of how difficult it can be to fill roles to begin with, executives and industry analysts said......»»
Ford rethinks EV strategy again—ditching 3-row SUVs, adding vans
The automaker plans some new pickups and smaller, cheaper EVs. Enlarge / Ford hoped to build 600,000 EVs a year by now, a mix of Mustang Mach-E crossovers, E-Transit vans, and F-150 Lightning pickups. This year, sales are up 71.....»»
“Disappointing”: Sonos CEO says old, user-preferred app can’t be re-released
Patrick Spence admits Sonos has made "painful mistakes" recently. Enlarge / Sonos' updated app was reportedly rushed out before the release of Sonos' Ace headphones (pictured). (credit: Sonos) Sonos' new app was launch.....»»
Stellantis CEO Carlos Tavares to visit U.S. to create plan to reverse lagging profit, report says
Tavares' visit to Detroit during his summer break will seek to reassure employees and investors that he intends to fix the automaker's struggling North American operations......»»
Tim Fallon becomes Stellantis" North America manufacturing chief after 2 years at Rivian
Fallon will bring EV manufacturing expertise to Stellantis at a time when the automaker is preparing to launch several electric vehicles......»»