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

23February 2024

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...

23February 2024

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...

23February 2024

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...

23February 2024

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...

23February 2024

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...

23February 2024

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...

23February 2024

Nvidia tops $2 trillion valuation in first for chipmakers

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

23February 2024

Ineos Fusilier SUV to offer electric, range-extender powertrains

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

23February 2024

The top 5 stories of the week

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

23February 2024

Ineos Fusilier SUV to offer electric, range-extender powertrains

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

23February 2024

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...

23February 2024

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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