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Jeep CEO turnaround plan features price cuts, ‘freedom of choice’ amid EV transition

Jeep is cutting prices on some of its key models and taking new approaches to...

Silicon Valley EV startup plans $10M engineering center in Southeast Michigan

Electric vehicle startup Lucid Motors is planning to invest $10 million and create 250 jobs...

GM’s Lansing Delta Township plant idled for supply issue

GM did not provide more details on the supply issue at the Lansing Delta Township...

Carvana caps 2023 with quarterly loss, but analysts zero in on full-year performance

Analysts expect Carvana to try to return to growth — albeit more carefully than in...

GM to include EVs, software, Cruise in salaried employees’ bonuses

For 2024, 60 percent of salaried employees’ bonuses will come from earnings before interest and...

Volvo to cut stake in Polestar to 18% as EV demand slumps

Polestar shares have fallen due to a slower-than-expected ramp up and overall cooling EV demand. Volvo’s...

Nvidia tops $2 trillion valuation in first for chipmakers

While Apple and Microsoft took over two years to go from $1 trillion to $2...

Ineos Fusilier SUV to offer electric, range-extender powertrains

The Fusilier SUV will be built by Magna Steyr in Austria in the same plant...

The top 5 stories of the week

A quick glance at the top auto industry stories of the week....

Ineos Fusilier SUV to offer electric, range-extender powertrains

The Fusilier SUV will be built by Magna Steyr in Austria in the same plant...

Stellantis CEO Carlos Tavares gears up for EV-driven industry shakeout

With China looming, he sees a need for automakers to consolidate. However, he doesn’t see...

GM’s Cruise prepares to resume robotaxi testing after suspension

General Motors Co.’s Cruise autonomous driving unit is nearing the resumption of robotaxi testing in...

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