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Jul 22
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Stellantis Faces Dealer and Union Pushback Amid EV Transition
Stellantis

Stellantis Faces Dealer and Union Pushback Amid EV Transition

Stellantis is navigating rough waters as it pushes forward with its electric vehicle strategy in the U.S. According to a recent report from Automotive News, the automaker is facing significant resistance from both its dealership network and the United Auto Workers (UAW) union. Dealer Discontent Stellantis dealers aren’t happy campers. They’re struggling with inventory shortages,…

VinFast Delays North Carolina Factory Until 2028, Focuses on Lower-Cost Markets
VinFast

VinFast Delays North Carolina Factory Until 2028, Focuses on Lower-Cost Markets

VinFast, the Vietnamese automaker, has announced a significant delay in its plans to build an electric vehicle (EV) factory in North Carolina. Originally slated for 2024, the factory’s opening has been pushed back to 2028. This move comes as the company looks to invest in lower-cost markets like Indonesia and India, as reported by The…

Volvo Revamps Plug-In Hybrid Strategy, Eyes Longer Electric Range
Volvo

Volvo Revamps Plug-In Hybrid Strategy, Eyes Longer Electric Range

Volvo is shifting gears on its electric vehicle strategy, planning a renewed push into plug-in hybrid vehicles (PHEVs) despite previously aiming to go fully electric by 2030. The Swedish automaker is now focusing on extending the electric range of its PHEVs, as reported by Motor Authority. Volvo’s New PHEV Strategy Volvo’s chief product and strategy…

Mercedes-Benz Shares Tumble After Profit Warning Due to Weak China Demand
Mercedes-Benz

Mercedes-Benz Shares Tumble After Profit Warning Due to Weak China Demand

Mercedes-Benz, the German luxury automaker, has seen a significant drop in its share price following a profit warning issued on September 20, 2024. The company cited weakening demand in China as the primary reason for the downgrade, which has had ripple effects across the European automotive sector, reports CNBC. Profit Warning Details Mercedes-Benz announced a…

Lucid Group Cuts Workforce Amid Restructuring
Lucid

Lucid Motors Expands to Detroit, Tapping Local Talent for EV Growth

Lucid Motors, a Silicon Valley-based electric vehicle (EV) startup, has officially opened a new office in Southfield, Michigan, aiming to tap into Detroit’s rich automotive talent pool and boost its operations. This strategic move comes as Lucid prepares for the launch of its highly anticipated Gravity, a three-row electric SUV. CBT News reports that the…

Volkswagen's Wolfsburg Plant Gears Up for EV Production
Volkswagen

Volkswagen’s Wolfsburg Plant Gears Up for EV Production

Volkswagen is making big moves to get its Wolfsburg plant ready for electric vehicle (EV) production. The company has appointed Uwe Schwartz, who successfully converted the Emden plant to EV-only production, as the new manager of the Wolfsburg facility. This change comes amidst a challenging market and increased competition from Chinese automakers, according to Autmotive…

Nio ET7 Electric Vehicle EV
Audi

Nio Denies Plans to Take Over Audi Plant, Remains Cautious on Fixed Assets

Nio, the Chinese electric vehicle (EV) manufacturer, has dismissed rumors that it plans to acquire the Audi Brussels car plant. The company’s CEO, William Li, emphasized Nio’s cautious approach to investing in fixed assets, except for battery swap stations. This news comes after widespread speculation sparked by a report from Belgian media outlet De Tijd.…

California's Greenhouse Gas Emissions Drop Thanks to EVs
California

California’s Greenhouse Gas Emissions Drop Thanks to EVs

California’s greenhouse gas emissions dropped by about 2.4% in 2022, a promising sign that the state’s carbon footprint is decreasing even as the economy rebounds from the COVID-19 pandemic. This news, announced by the California Air Resources Board, highlights the significant role electric vehicles (EVs) are playing in reducing emissions. EVs Leading the Charge More…

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