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

22February 2024

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...

22February 2024

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...

22February 2024

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...

22February 2024

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...

22February 2024

Worker killed in accident at Italian Stellantis plant

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

22February 2024

Mercedes walks back EV sales target on waning demand

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

22February 2024

Phinia sees upside of hybrid shift after BorgWarner spinoff

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

22February 2024

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...

22February 2024

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...

22February 2024

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...

22February 2024

VW brand names Susanne Franz as marketing boss

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

22February 2024

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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