Tag: electric vehicles
Volkswagen faces escalating tensions as strikes loom over cost-cutting measures
Volkswagen's ongoing dispute reached a boiling point this week as CEO Oliver Blume and Chairwoman of General and Group Works Councils of VW Daniela...
Trump’s threat of expanded tariffs forces Mazda into an impossible situation
The U.S. market accounts for a third of Mazda's global sales, driving record-breaking performance for the automaker. Yet, the anticipated shift in political policies...
GM to transfer ownership of Lansing battery plant to LG Energy...
General Motors (GM) has announced a non-binding agreement to sell its stake in the nearly completed Ultium Cells LLC battery cell plant in Lansing,...
Judge reaffirms Elon Musk’s $56 billion pay package
A Delaware judge upheld a previous ruling that rescinded Tesla CEO Elon Musk’s $56 billion pay package, dealing a significant blow to Musk and...
Jaguar unveils ‘Type 00’ concept with daring new look
On Monday, Jaguar revealed its latest concept car, the "Type 00," marking a bold step in its journey toward becoming an all-electric brand.
The...
Hyundai and Kia shatter November sales records with EV lineup gains
Hyundai and Kia achieved record-breaking U.S. sales in November, driven by strong demand for electric vehicles (EVs), hybrids, and crossovers. The automakers' continued focus...
Stellantis dealer Joe Laham discusses the OEM’s leadership shakeup and the...
The automotive industry was shocked by the recent resignation of Stellantis CEO Carlos Tavares, citing irreconcilable differences with the board. Joe Laham, President of...
Erin Kerrigan highlights key trends in the buy-sell market for 2024
The automotive buy-sell market is poised for another record year, with over 300 transactions representing more than 500 franchises completed through Q3 2024. In...
Carlos Tavares resigns amid company struggles and leadership disputes
Stellantis CEO Carlos Tavares has stepped down effective immediately, ending nearly four years at the helm of the automaker formed through the merger of...
Tesla tops November global market with $1.1 trillion growth
In a significant development, Tesla's market value surged in November, catapulting it to the forefront of the global market and putting it in direct...