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Hyundai shifts strategy amid EV demand slowdown, plans major hybrid push
Hyundai has announced a significant shift in its strategy, focusing more heavily on hybrid technology despite a noticeable downturn in electric vehicle (EV) demand....
Republican VP candidate JD Vance criticizes state-funded Chinese-linked plant in Michigan
Republican vice presidential candidate JD Vance intensified his criticism of a state-funded battery parts plant project in Michigan, linked to China, during a campaign...
Stellantis and GM slash jobs in Michigan amid economic incentives to...
Stellantis and General Motors (GM) are slashing thousands of jobs in Michigan despite significant incentives from state officials to retain and grow automotive employment....
UAW threatens Stellantis strike over Belvidere assembly plant delays
The United Auto Workers (UAW) has set the stage for a potential strike at Stellantis plants, with a timeline that could see workers on...
Automotive Ventures invests $3.7 million in Chaiz to revolutionize vehicle protection
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the...
GM cuts natural gas use by 30% at Fort Wayne plant,...
General Motors has achieved a significant milestone in energy efficiency, reducing natural gas consumption by 30% at its Fort Wayne, Indiana, assembly plant compared...
Automakers face stock pressure and EV demand challenges amid shifting industry...
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the...
Stellantis offers buyouts to U.S. salaried employees amid profit decline
Stellantis is offering buyouts to U.S. salaried employees to cut costs after a significant drop in net income during the first half of the...
Automakers pivot strategies amid cooling EV enthusiasm and market challenges
Automakers are adjusting their strategies in response to cooling electric vehicle (EV) sales growth, high vehicle prices, and uncertain political outcomes. This shift significantly...
Weekly roundup: Biden withdraws from 2024 presidential race, Stellantis sees profit...
Earlier this week: Biden withdraws from 2024 race, endorses Harris amid growing demoratic pressure. Stellantis reports a steep decline in the first half profits amid...
