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Stellantis to start electric van production at U.K. Luton plant in 2025

The automaker said starting in the spring next year Luton will produce five electric models...

U.S. plans $544 million loan to SK Group for silicon carbide chip wafer production in Mich.

The U.S. Department of Energy has conditionally agreed to loan $544 million to a subsidiary...

Worker killed in accident at Italian Stellantis plant

The victim, a maintenance worker for a contractor company at the Pratola Serra engine factory,...

China’s Xpeng eyes Italian market in wider European push

Xpeng is broadening a sales push into southern Europe after launching in launching in Scandinavian...

VW manager says Spain battery plant may struggle on poor demand

Sales of BEVs in Spain accounted for 5.6 percent of new-vehicle sales last year, compared...

Mercedes walks back EV sales target on waning demand

Variable cost parity between EVs and traditional cars “is many years away,” Mercedes CEO Ola...

Phinia sees upside of hybrid shift after BorgWarner spinoff

Just a half year into operations as a standalone company, Phinia appears poised to reap...

Rivian, Lucid 2024 production targets disappoint as EV demand wanes

Rivian has been focusing on reducing its cash burn by re-negotiating supply contracts and building...

Lucid says Q4 net losses widen to $654 million, forecasts 2024 output at 9,000 vehicles

The EV maker said its full-year 2023 net loss was $2.83 billion compared to 2022’s...

Slumping used EV prices force automakers to repay leasing firms

Leasing companies are demanding concessions from EV makers, including agreements that manufacturers will buy back...

VW brand names Susanne Franz as marketing boss

Franz will be tasked with expanding the analog and digital customer experience internationally and making...

Mercedes hits returns forecast as inflation, supply chain costs bite

Over the course of 2023, the automaker warned of supply snags and inflation weighing on...

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