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GM Knows It Loses Money On EVs But Plans To Fix That Next Year

GM Knows It Loses Money On EVs But Plans To Fix That Next Year

The company's EV pretax margins are expected to improve significantly around the middle of the decade.
By Angel Sergeev Dec 1 2023
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GM Says New UAW Labor Deals Will Cost $9.3 Billion

GM Says New UAW Labor Deals Will Cost $9.3 Billion

That factors out to about $575 per vehicle over the life of GM's union contracts.
By Brian Silvestro Nov 29 2023
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InsideEVs.com Financial Analyst Says Tesla Should Cancel The Cybertruck

Financial Analyst Says Tesla Should Cancel The Cybertruck

2024 is “already a lost year for growth,” Jefferies analyst Phillipe Houchois wrote.
By Iulian Dnistran Nov 21 2023
General Motors Kills Super Bowl Advertising For 2024

General Motors Kills Super Bowl Advertising For 2024

It's the first time the automaker won't play with the Big Game since 2021.
By Christopher Smith Nov 21 2023
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Ferrari Entices Employees To Buy A Slice Of The Company

Ferrari Entices Employees To Buy A Slice Of The Company

It's also hiring 250 new people in the coming months.
By Adrian Padeanu Nov 15 2023
0
InsideEVs.com Lucid Lost $430,000 For Every Car It Sold In Q3

Lucid Lost $430,000 For Every Car It Sold In Q3

The American luxury EV maker cut its production guidance for this year after a weak quarter.
By Iulian Dnistran Nov 8 2023
InsideEVs.com Ford Cuts EV Investment After Losing $36,000 On Every EV Sold In Q3

Ford Cuts EV Investment After Losing $36,000 On Every EV Sold In Q3

After posting a $1.3 billion loss in Q3, Ford's Model e EV unit said it would cut Mustang Mach-E production and delay a battery plant.
By Dan Mihalascu Oct 27 2023
Ford And UAW Reach Tentative Agreement To End Strike

Ford And UAW Reach Tentative Agreement To End Strike

Union President Shawn Fain and Vice President Chuck Browning announced the news on social media Wednesday evening.
By Brett T. Evans Oct 25 2023
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Mini Switching To Agency Sales Model In Europe Next Year

Mini Switching To Agency Sales Model In Europe Next Year

BMW will follow in 2026.
By Angel Sergeev Oct 18 2023
0
Alpina Founder Burkard Bovensiepen Passes Away At Age 87

Alpina Founder Burkard Bovensiepen Passes Away At Age 87

He died on October 12 after a long illness.
By Adrian Padeanu Oct 18 2023
0
Stellantis Seeks To Sell Auburn Hills HQ Amidst Historic UAW Strike: Report

Stellantis Seeks To Sell Auburn Hills HQ Amidst Historic UAW Strike: Report

A total of 18 facilities are being considered for modernization or restructuring.
By Angel Sergeev Oct 17 2023
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Ferrari Now Accepts Cryptocurrency Payments In United States

Ferrari Now Accepts Cryptocurrency Payments In United States

Europe will follow soon.
By Angel Sergeev Oct 16 2023
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New Global Vans And Mystery Ram Trucks Headline Stellantis Commercial Push

New Global Vans And Mystery Ram Trucks Headline Stellantis Commercial Push

The automaker will launch the lineup on October 23.
By Anthony Alaniz Oct 9 2023
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Rolls-Royce CEO Retires, Chris Brownridge Named New Boss

Rolls-Royce CEO Retires, Chris Brownridge Named New Boss

Torsten Müller-Ötvös is the company's longest-serving CEO to date.
By Angel Sergeev Oct 5 2023
0
InsideEVs.com Rivian Has

Rivian Has "Very Clear" Path To Profitability, CEO Says

Rivian is currently losing about $33,000 per vehicle sold, but RJ Scaringe said the situation is "improving quarter to quarter."
By Dan Mihalascu Oct 4 2023
BMW Boss Oliver Zipse To Remain CEO Until 2026

BMW Boss Oliver Zipse To Remain CEO Until 2026

Zipse has spent his entire career at the German automaker.
By Angel Sergeev Sep 28 2023
0
President Biden Makes Historic Visit To Striking UAW Workers On Picket Line

President Biden Makes Historic Visit To Striking UAW Workers On Picket Line

It's the first time in modern history a sitting US president has joined workers on a picket line.
By Christopher Smith Sep 26 2023
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UAW Workers Once Used Horses On The Picket Line, Historical Photos Show

UAW Workers Once Used Horses On The Picket Line, Historical Photos Show

13,000 hourly workers are presently on strike against Ford, GM, and FCA simultaneously, a first for the UAW.
By Christopher Smith Sep 15 2023
0
Stellantis Believes Combustion Engine Cars Will Be In Use Through 2050

Stellantis Believes Combustion Engine Cars Will Be In Use Through 2050

The company still plans to be all electric in the next decade, but combustion cars sold today will live well into the future.
By Christopher Smith Sep 7 2023
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InsideEVs.com Tesla Supercharger Network To Become A Multi-Billion Dollar Business: Analyst

Tesla Supercharger Network To Become A Multi-Billion Dollar Business: Analyst

A Wall Street analyst estimated the Supercharger network to be worth three to six percent of Tesla’s revenues.
By Suvrat Kothari Aug 27 2023
GM To Cut 200 Engineering Positions Amidst Strategic Evolution

GM To Cut 200 Engineering Positions Amidst Strategic Evolution

The automaker is targeting $2 billion in cost reduction.
By Angel Sergeev Aug 21 2023
0
Hyundai Pumps $190 Million Into Alabama Plant To Secure New Santa Fe Production

Hyundai Pumps $190 Million Into Alabama Plant To Secure New Santa Fe Production

About $100 million will be invested to boost production of the Tucson and Santa Cruz.
By Angel Sergeev Aug 18 2023
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Ferrari Says Hybrids Accounted For 43 Percent Of Sales In Q2 2023

Ferrari Says Hybrids Accounted For 43 Percent Of Sales In Q2 2023

The share of electrified cars more than doubled compared to the second quarter of 2022.
By Adrian Padeanu Aug 3 2023
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Jaguar Admits Past Decisions Have Pushed Brand Into Mediocrity

Jaguar Admits Past Decisions Have Pushed Brand Into Mediocrity

JLR Chief Creative Officer Gerry McGovern concedes Jag has no brand equity whatsoever.
By Adrian Padeanu Jul 25 2023
0
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