Polestar trims delivery forecast, halves margin target
Polestar expects to achieve a gross margin of 2 percent in 2023, down from its...
Doug Del Grosso, supply chain turnaround veteran, to retire as Adient CEO
Doug Del Grosso, who took the top job in 2018, will resign effective Dec. 31...
Saudi wealth fund raises stake in Aston Martin to over 20%
Aston Martin said Saudi Arabia’s Public Investment Fund (PIF) had raised its stake in the...
9November 2023
Why manufacturers have pulled back on subscriptions
OEMs have curbed enthusiasm for rolling flexible contracts, though some specialists are making them work...
Network outage hits Nissan, retail network
The outage affects the company’s internal email, applications, aftersales technical call centers, consumer finance and...
9November 2023
Hot new Mini Countryman rivals VW T-Roc R with 296bhp
Hot Countryman wears John Cooper Works performance division’s new badge, which swaps the old chrome...
SiriusXM boosts mobile app in a bid for users beyond the driver’s seat
A spiffed-up mobile app that can be used in cars via mirroring products such as...
9November 2023
Used electric car sales double as supply improves
From July to September, total sales volumes for EVs rose by 99.9% to 34,021 units...
Fisker delays Q3 earnings report, sending stock sharply lower
The EV startup said that the departure of its chief accounting officer on Oct. 27...
Automakers call Maine vehicle right-to-repair approval ‘disappointing’
The measure, which received about 84 percent of the “yes” vote, requires automakers to standardize...
Vroom seeks to raise capital, posts Q3 net loss
Vroom said it sold 4,561 vehicles via e-commerce in the quarter ended Sept. 30, down...
Volvo’s new European EV plant will use Tesla-style Giga Press
Volvo will build EVs at its new plant in Slovakia using Tesla supplier Idra’s massive...
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