USA / Global

Corporate / Financial

Ferrari Is Worth $53.9 Billion, Overtakes Stellantis In Value

Ferrari Is Worth $53.9 Billion, Overtakes Stellantis In Value

Ferrari had record vehicle deliveries in 2022. It has enough orders to be fulfilling them into 2025.

By Chris Bruce May 12 2023

GM Hires Ex Apple VP To Lead Software Team As It Prepares To Drop Apple CarPlay

GM Hires Ex Apple VP To Lead Software Team As It Prepares To Drop Apple CarPlay

GM is putting a big investment into software development.

By Chris Bruce May 11 2023

Volvo Cuts 1,300 White-Collar Jobs In Sweden To Reduce Costs

Volvo Cuts 1,300 White-Collar Jobs In Sweden To Reduce Costs

No production line workers will be affected by the job cuts.

By Jacob Oliva May 04 2023

Ex-Audi Boss Stadler To Make Dieselgate Confession To Avoid Prison

Ex-Audi Boss Stadler To Make Dieselgate Confession To Avoid Prison

He will still face a 1.1 million-euro fine.

By Anthony Alaniz May 04 2023

GM North American President Steve Carlisle Stepping Down As Of June 1

GM North American President Steve Carlisle Stepping Down As Of June 1

Carlisle will be replaced by Rory Harvey.

By Angel Sergeev May 03 2023

Illinois Dust Storm Causes 80-Vehicle Crash, Shuts Down I-55 For 30 Miles

Illinois Dust Storm Causes 80-Vehicle Crash, Shuts Down I-55 For 30 Miles

The massive dust storm hit around 11:00 AM local time. Tragically, multiple fatalities have been reported.

By Christopher Smith May 01 2023

Stellantis Shrinking US Workforce, Offers Buyouts To 33K Employees: Report

The voluntary buyouts are aimed largely at hourly workers in a bid to make the company more efficient.

By Christopher Smith Apr 26 2023

McLaren Hires Bentley's Design Boss As Its New Chief Design Officer

McLaren Hires Bentley's Design Boss As Its New Chief Design Officer

This marks the return of Tobias Suhlmann, who left McLaren for Bentley in 2021.

By Jacob Oliva Apr 22 2023

Tesla Q1 2023 Earnings Report: Profitable Again, Strong Margins Despite Price Cuts

Tesla Q1 2023 Earnings Report: Profitable Again, Strong Margins Despite Price Cuts

Another positive quarter for Tesla is in the books.

By Eric Loveday Apr 19 2023

Land Rover Range Rover EV Launches In 2025, Jaguar Teases New EV

Land Rover Range Rover EV Launches In 2025, Jaguar Teases New EV

Order books for the electric Range Rover will open later this year.

By Anthony Alaniz Apr 19 2023

Caterham Moves To New HQ, Will Boost Production By 50 Percent

Caterham Moves To New HQ, Will Boost Production By 50 Percent

The new facility is called Dartford X.

By Angel Sergeev Apr 13 2023

GM Avoids Layoffs Thanks To 5,000 Employees Taking Voluntary Buyouts

The automaker wants to save $2 billion in costs by 2024.

By Anthony Alaniz Apr 05 2023

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 Mar 23 2023

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

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

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

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

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

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

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

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

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

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