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Author: Detroit News Online
Geely unveils new electric car brand to take on Tesla, BYD
Chinese carmaker Zhejiang Geely Holding Group Co. unveiled a new high-end line of electric cars as part of a push to make up lost ground to Tesla Inc. and local powerhouse BYD Co. The Galaxy lineup will include seven models over the next two years, the Chinese carmaker said Thursday at an event in Hangzhou. Shipments… Continue reading Geely unveils new electric car brand to take on Tesla, BYD
TikTok works its way into car consoles with Mercedes-Benz deal
This content is only available to subscribers. Get unlimited digital access. $1 for 3 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading TikTok works its way into car consoles with Mercedes-Benz deal
Silicon Valley startup charts a path to cheaper EV batteries
This content is only available to subscribers. Get unlimited digital access. $1 for 3 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Silicon Valley startup charts a path to cheaper EV batteries
American EV startups come up far short of 2022 production goals
The three electric-vehicle startups that went public by merging with special purpose acquisition companies all came up well short of their original goals for 2022. Lucid and Lordstown Motors each missed their production objectives by wide margins, with Lucid making only slightly more than a third of its plan, at 7,180 Air sedans for the… Continue reading American EV startups come up far short of 2022 production goals
GM truck plant to take 2-week shutdown to maintain ‘optimal’ inventory levels
General Motors Co. is halting production at its Fort Wayne, Indiana, truck plant for two weeks this spring “to help the company maintain optimal inventory levels,” Assistant Plant Director Cherry Weiland wrote in a Wednesday note to employees obtained by The Detroit News. GM spokesperson Dan Flores confirmed the two-week shutdown at the light-duty truck… Continue reading GM truck plant to take 2-week shutdown to maintain ‘optimal’ inventory levels
As tech jobs melt, the trades beckon. This plumber makes $140K+
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Stellantis outdoes first year with $17.9B profit in 2022
Cost-cutting measures and few discounts fueled the maker of Jeep SUVs and Ram pickup trucks to a $17.9 billion (16.8 billion euro) net profit in 2022, surpassing Stellantis NV’s first-year profits in 2021 by 26%. With a 13% adjusted operating income margin compared to 11.8% a year ago, Stellantis achieved its double-digit margin expectations for the year. Its… Continue reading Stellantis outdoes first year with $17.9B profit in 2022
Stellantis workers could receive $14,760 in profit sharing
Employees of Stellantis NV, maker of Jeep SUVs and Ram pickup trucks, represented by the United Auto Workers could see profit sharing checks next month of $14,760, though some could be more and some less, the automaker announced Wednesday. There are 40,500 eligible workers for the checks. The payout is a less than 1% increase from last year following… Continue reading Stellantis workers could receive $14,760 in profit sharing
Detroit Grand Prix: With 100 days to go, downtown’s streets are alive
This content is only available to subscribers. Get unlimited digital access. $1 for 3 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Detroit Grand Prix: With 100 days to go, downtown’s streets are alive