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VW Has 'One, Maybe Two Years' to Turn Things Around, Says Finance Chief [UPDATE]

VW Has 'One, Maybe Two Years' to Turn Things Around, Says Finance Chief [UPDATE]

Chief Finance and Operating Officer Arno Antlitz painted a dire picture of VW Group's future during a meeting with workers in Germany.
By Christopher Smith 1m ago
Stellantis Won't Sell or Kill Any of Its 14 Car Brands After All

Stellantis Won't Sell or Kill Any of Its 14 Car Brands After All

The original plan to keep all of them for 10 years is still in place.
By Adrian Padeanu Sep 2 2024
Lotus Isn't Doing Well, Guys

Lotus Isn't Doing Well, Guys

Despite a big increase in deliveries, Lotus Tech suffered a net loss of hundreds of millions of dollars in the second quarter of 2024.
By Brian Silvestro Aug 29 2024
GM Just Laid Off Over 1,000 People

GM Just Laid Off Over 1,000 People

The layoffs represent 1.6 percent of the company's entire salaried workforce.
By Brian Silvestro Aug 19 2024
The UAW Files Labor Charges Against Elon Musk and Donald Trump

The UAW Files Labor Charges Against Elon Musk and Donald Trump

UAW President Shawn Fain says that Musk and Trump attempted to "threaten and intimidate" workers.
By Jeff Perez Aug 13 2024
Carlos Ghosn: Honda Plans 'Disguised Takeover' of Nissan and Mitsubishi

Carlos Ghosn: Honda Plans 'Disguised Takeover' of Nissan and Mitsubishi

The ex-Nissan supremo believes the Honda-Nissan-Mitsubishi alliance isn’t really much of an alliance.
By Adrian Padeanu Aug 7 2024
Toyota Just Posted Record Profit Despite Declining Sales

Toyota Just Posted Record Profit Despite Declining Sales

The automaker banked $8.9 billion from April to June, thanks mostly to a weak yen.
By Christopher Smith Aug 1 2024
And So It Begins: Stellantis Offers Buyout Packages for US Employees

And So It Begins: Stellantis Offers Buyout Packages for US Employees

It's voluntary, but that could change if too few people take the package.
By Christopher Smith Jul 31 2024
Recaro Files for Bankruptcy [UPDATE]

Recaro Files for Bankruptcy [UPDATE]

Meanwhile, wheel-maker BBS has filed for insolvency for the fifth time.
By Christopher Smith Jul 31 2024
Ford's Recalls Are Costing Billions

Ford's Recalls Are Costing Billions

The company is losing $25.5 million a day.
By Anthony Alaniz Jul 25 2024
Stellantis Has 'Significant Work To Do' in North America as Profits Plummet

Stellantis Has 'Significant Work To Do' in North America as Profits Plummet

CEO Carlos Tavares says a "perfect convergence" of issues is responsible for a nearly 50-percent drop in global profits.
By Christopher Smith Jul 25 2024
Auto Repossessions Are Soaring

Auto Repossessions Are Soaring

A study shows cars are being repossessed at a shockingly high rate through the first half of 2024, exceeding pre-pandemic levels.
By Christopher Smith Jul 22 2024
Ford: EV Goals Were 'Too Ambitious' In Europe

Ford: EV Goals Were 'Too Ambitious' In Europe

That means gas engines could stick around past 2030.
By Jeff Perez Jul 21 2024
Fisker Files for Bankruptcy

Fisker Files for Bankruptcy

The troubled EV maker has run out of money and is seeking bankruptcy protection.
By Adrian Padeanu Jun 18 2024
Dodge CEO and Father of the Hellcat Is Retiring

Dodge CEO and Father of the Hellcat Is Retiring

Tim Kuniskis will step down from Ram and Dodge as of June 1, just in time for the electric revolution.
By Christopher Smith May 17 2024
Ford Is Reportedly Losing $100,000 Per EV Sold

Ford Is Reportedly Losing $100,000 Per EV Sold

Ford's electric vehicle division continues to stand as a loss-leader for the American carmaker.
By Christopher Smith May 13 2024
Four Companies Are Still Interested in Saving Fisker, for Some Reason

Four Companies Are Still Interested in Saving Fisker, for Some Reason

So you're saying there's a chance?
By Jeff Perez Apr 29 2024
BMW-Rimac Battery Supply Deal Is a Full-Circle Moment for Mate Rimac

BMW-Rimac Battery Supply Deal Is a Full-Circle Moment for Mate Rimac

Mate Rimac got his start electrifying BMWs with new battery power. Now, 14 years later, he's doing it again. But on a much bigger scale.
By Anthony Alaniz Apr 9 2024
Fisker Reportedly Delivered Cars Without Collecting Payments

Fisker Reportedly Delivered Cars Without Collecting Payments

After delivering some vehicles, employees had to track down credit card receipts and checks adding up to millions in customer payments.
By Anthony Alaniz Mar 28 2024
Lamborghini's New Logo Looks a Lot Like the Old Logo

Lamborghini's New Logo Looks a Lot Like the Old Logo

Future cars will get the discreetly updated raging bull.
By Adrian Padeanu Mar 28 2024
Not Even Nissan Wants Fisker

Not Even Nissan Wants Fisker

Fisker's talks with larger automakers have fallen apart.
By Jeff Perez Mar 26 2024
Bentley Boss Suddenly Steps Down

Bentley Boss Suddenly Steps Down

Adrian Hallmark will take the reins of Aston Martin.
By Adrian Padeanu Mar 22 2024
Honda And Nissan Confirm Talks About Teaming Up For EVs

Honda And Nissan Confirm Talks About Teaming Up For EVs

The collaboration could also include working on software.
By Adrian Padeanu Mar 15 2024
Stellantis Spending $6 Billion On New Gasoline Engines That Run On Ethanol

Stellantis Spending $6 Billion On New Gasoline Engines That Run On Ethanol

The investment will also support the launch of over 40 cars.
By Adrian Padeanu Mar 7 2024
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