USA / Global

Corporate / Financial

Ford Expects Model e EV Unit To Post $3 Billion Loss This Year

Ford Expects Model e EV Unit To Post $3 Billion Loss This Year

The automaker explains that "Model e is an EV startup within Ford," and as everyone knows, EV startups lose money in their early days.

By Dan Mihalascu 1m ago

Corporate / Financial

Lamborghini Posts Record Profit For 2022, 56% Better Than Last Year

Lamborghini Posts Record Profit For 2022, 56% Better Than Last Year

The company has an 18-month waiting list of orders.

By Chris Bruce Mar 21 2023

0

Corporate / Financial

Rivian Chief Engineer Charles Sanderson Returns To McLaren As CTO

Rivian Chief Engineer Charles Sanderson Returns To McLaren As CTO

Sanderson was McLaren's head of software development before he left for Rivian in 2018.

By Jacob Oliva Mar 17 2023

0

Corporate / Financial

Mazda Appoints New CEO As Automaker Looks To Boost US Sales

Mazda Appoints New CEO As Automaker Looks To Boost US Sales

Masahiro Moro has previously led the company's North American operations.

By Anthony Alaniz Mar 17 2023

0

Bentley Posts Record 2022 Profit, Up 82% Led By Strong Bentayga Sales

Bentley Posts Record 2022 Profit, Up 82% Led By Strong Bentayga Sales

The luxury brand clocked €708 million in operating profit last year, nearly double its earnings in 2021.

By Christopher Smith Mar 16 2023

0

Corporate / Financial

Volkswagen Group CEO Says Partnership With Ford Is Growing

Volkswagen Group CEO Says Partnership With Ford Is Growing

Ford's VW-based electric crossover for Europe debuts on March 21.

By Anthony Alaniz Mar 16 2023

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Honda To Prep Plants For EVs, Will Move Accord Production To Indiana

Honda To Prep Plants For EVs, Will Move Accord Production To Indiana

The company’s new “EV Hub” begins to take shape.

By Anthony Alaniz Mar 14 2023

0

Corporate / Financial

Ford To Cut 1,100 Jobs In Spain As It Axes Minivans

Ford To Cut 1,100 Jobs In Spain As It Axes Minivans

The layoffs will follow the end of the S-Max and Galaxy's production, set to happen in April.

By Jacob Oliva Mar 12 2023

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Morgan Stanley Says The Tesla Cybertruck Will Be A “Cult Car,” Predicts Low Volume

Morgan Stanley Says The Tesla Cybertruck Will Be A “Cult Car,” Predicts Low Volume

Despite over 1.5 million reported pre-orders, Morgan Stanley predicts just 50,000 units per year.

By Iulian Dnistran Mar 10 2023

Lordstown Making New EV Plans After Selling 3 Electric Trucks In 2022

Lordstown Making New EV Plans After Selling 3 Electric Trucks In 2022

As Foxconn continues to provide support, Lordstown says its next-gen platform is the key to its future success.

By Steven Loveday Mar 07 2023

Rivian Burning Through Cash, Demand Is A Concern Going Forward

Rivian Burning Through Cash, Demand Is A Concern Going Forward

Rivian makes a compelling product that's proven to impress, but prices are high and competition is a concern.

By Steven Loveday Feb 28 2023

Corporate / Financial

Stellantis Employees Getting €2 Billion In Profit-Sharing Bonus

Stellantis Employees Getting €2 Billion In Profit-Sharing Bonus

After a record-breaking 2022 when net profit increased by 26 percent.

By Adrian Padeanu Feb 22 2023

0

Corporate / Financial

Ford Confirms 3,800 Job Cuts In Europe By 2025 Amid EV Transformation

Ford Confirms 3,800 Job Cuts In Europe By 2025 Amid EV Transformation

Of the total, 2,800 are engineering jobs as electric vehicles are less complex.

By Adrian Padeanu Feb 14 2023

0

New Toyota CEO To Ramp Up EV Adoption, New Platform Due 2026

New Toyota CEO To Ramp Up EV Adoption, New Platform Due 2026

The new boss wants Lexus to have a leading role in the company's electrification

By Chris Bruce Feb 13 2023

0

Corporate / Financial

Ford Cuts Stake In Rivian To Just 1.15 Percent

Ford Cuts Stake In Rivian To Just 1.15 Percent

The Blue Oval has decided to write down the value of its investment in the EV maker by $7.4 billion in 2022.

By Jacob Oliva Feb 10 2023

0

Corporate / Financial

Porsche Donates €1 Million To Help Earthquake Victims In Turkey, Syria

Porsche Donates €1 Million To Help Earthquake Victims In Turkey, Syria

The company is also asking its workforce to donate.

By Anthony Alaniz Feb 10 2023

0

Corporate / Financial

Automobili Pininfarina Appoints Paolo Dellacha As New CEO

Automobili Pininfarina Appoints Paolo Dellacha As New CEO

Dellacha played a leading role in the development and manufacturing of the Battista.

By Jacob Oliva Feb 07 2023

0

Corporate / Financial

Ferrari Employees To Get Nearly $15,000 Bonus After Excellent 2022

Ferrari Employees To Get Nearly $15,000 Bonus After Excellent 2022

Around 5,000 workers will receive a bonus of up to €13,500.

By Adrian Padeanu Feb 03 2023

0

Ferrari Set New Sales Record In 2022 By Delivering 13,221 Cars

Ferrari Set New Sales Record In 2022 By Delivering 13,221 Cars

Net profit also set a new record for the company.

By Chris Bruce Feb 02 2023

0

Corporate / Financial

GM Investing $650M In Nevada Lithium Mine For EV Battery Production

GM Investing $650M In Nevada Lithium Mine For EV Battery Production

Actual lithium extraction won't start until 2026, though.

By Angel Sergeev Feb 02 2023

0

Corporate / Financial

GM Posts Record Earnings In 2022, Plans $2B In Cost Cuts By 2024

The CFO is clear that layoffs are not part of the cost-cutting strategy.

By Chris Bruce Jan 31 2023

0

Corporate / Financial

Renault, Nissan On Equal Footing In Announced Major Alliance Overhaul

The so-called "Alliance 2.0" will have high-value-creation projects in Latin America, India, and Europe.

By Jacob Oliva Jan 30 2023

0

Nissan Global Sales Plummeted By 20.7 Percent In 2022 To 3.23 Million Cars

Nissan Global Sales Plummeted By 20.7 Percent In 2022 To 3.23 Million Cars

The company built fewer vehicles, too.

By Chris Bruce Jan 30 2023

0

Corporate / Financial

Jeep To Offer Settlement On Wrangler, Gladiator "Death Wobble" Issue

Jeep To Offer Settlement On Wrangler, Gladiator "Death Wobble" Issue

This could also mean reimbursement for owners who have already paid for repairs related to the issue.

By Jacob Oliva Jan 28 2023

0

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