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Stellantis Boss Carlos Tavares Suddenly Resigns

His successor will be announced in the first half of 2025.

Dec 1 2024 -

Nissan Has '12 to 14 Months' Left

The company may sell a majority stake to Honda.

Nov 27 2024 -

Audi Says the AUDI Brand Will Attract 'Different' Buyers

AUDI is apparently for those who wouldn't buy an Audi.

Nov 12 2024 -

Nissan cuts 9,000 jobs and sells Mitsubishi shares

The Japanese company's CEO, Makoto Uchida, has announced staff cuts in response to the fall in sales in the last quarter.

Nov 9 2024 -

Aston Martin Is Burning Through $1.8 Million a Day

Dwindling demand in China and lackluster DBX sales signal tough times ahead for the storied British carmaker.

Nov 4 2024 -

VW Boss: 'Decades of Structural Problems' Led to Crisis

High labor costs and lower sales have created the perfect storm.

Nov 4 2024 -

Stellantis is Writing Off 2024

CFO Doug Ostermann says "significant headwinds" will likely keep things down through 2024.

Oct 31 2024 -

McLaren Has a New Owner (Again)

After Bahrain's sovereign wealth fund acquired the company in March, McLaren Automotive already has another buyer.

Oct 29 2024 -

UK: VW Financial Services fined £5.4m for mishandling customers in financial trouble

More than 111,000 customers are affected.

Oct 24 2024 -

Volkswagen to Pay $34.9 Million for Sketchy Lending Practices

A total of $28 million will go to customers in the United Kingdom. The company will also pay a $6.9 million fine to the UK government.

Oct 22 2024 -

Stellantis Selling Its Massive Arizona Proving Grounds

It will end operations at the 4,000-acre facility by the end of the year.

Oct 21 2024 -

Struggling Stellantis Brands Only Have a Few Years to Save Themselves

The future of Chrysler, Lancia, and co. will be decided as early as 2026.

Oct 16 2024 -

Maserati Is in the Red

According to Stellantis CEO Carlos Tavares, the company is bleeding money—but not because of the cars.

Oct 15 2024 -

Stellantis CEO Carlos Tavares Will Step Down in Early 2026

Meanwhile, a management shakeup results in one man becoming the CEO of Alfa Romeo and Maserati.

Oct 11 2024 -

Toyota Is Slowing Its Roll on EVs

Toyota is the latest automaker to delay its EV plans to do slowing demand.

Oct 3 2024 -

Bad News: Aston Martin Won't Hit Its Sales Goal This Year

The company is slashing its sales estimates by 1,000 units.

Sep 30 2024 -

Stellantis Is Already Looking for a New CEO

Carlos Tavares' contract expires in January 2026 and might not be renewed.

Sep 24 2024 -

UK government funds Aston Martin project

The sum of £6 million was earmarked for the development of sustainable aluminium

Sep 18 2024 -

Auto Loans Surpass Student Loans As Second-Highest Household Debt

Delinquent car loans are also way up, nearing the record-high peak set during the 2009 financial crisis.

Sep 16 2024 -

Europe's battery crisis continues

Northvolt to close its largest plant and make redundancies

Sep 14 2024 -

BMW Is Shaking Up Its Design Team

Design boss Domagoj Dukec moves to Rolls-Royce.

Sep 13 2024 -

General Motors and Hyundai could collaborate on cars and engines

A non-binding agreement has been signed to jointly develop vehicles, engines and technologies. Here's what they're going to do now.

Sep 13 2024 -

Hyundai and GM Could Develop and Build Cars Together

The two have signed a Memorandum of Understanding to explore combustion cars, EVs, and more.

Sep 12 2024 -

Stellantis Dealers Blame CEO for the 'Disaster'

The US Stellantis National Dealer Council thinks the American brands are facing "rapid degradation."

Sep 12 2024 -

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