The chief executive of the automaker Stellantis, Carlos Tavares, has resigned, the company said on Sunday, amid a decline in profits and slumping sales in its key North America region. Mr. Tavares, 66, spearheaded the creation of the company in a 2021 merger of Fiat Chrysler Automobiles and France’s Peugeot. The company is one of… Continue reading Carlos Tavares, Stellantis CEO, Resigns
Category: US Motoring Press
GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner… Continue reading GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
Strikes underway at Volkswagen plants across Germany as wage conflict escalates
Striking Volkswagen workers gather outside the Volkswagen factory on December 2, 2024 in Emden, Germany. Julian Stratenschulte| Getty Images News | Getty Images Volkswagen workers across Germany stopped work on Monday as the conflict between the German automotive giant and its employees over changes to labor agreements and potential factory closures escalated. Nine of Volkswagen’s… Continue reading Strikes underway at Volkswagen plants across Germany as wage conflict escalates
Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule
BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand… Continue reading Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule
Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales
watch now DETROIT — Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board of directors, the company said Sunday. The world’s fourth-largest carmaker said its board accepted Tavares’ resignation on Sunday. His departure is effective immediately. Jeep-maker Stellantis said that its process to appoint… Continue reading Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales
New Jaguar GT concept leaked online ahead of official reveal
The GT concept car hints at the future design direction of Jaguar, which has ended UK sales of its entire line-up of new cars, ahead of its relaunch as an all-electric luxury car brand. The first production car in Jaguar’s new fully-electric line up will be a four-door GT with a range of more than 400 miles, costing… Continue reading New Jaguar GT concept leaked online ahead of official reveal
MINI Aceman: eight key features (and why they matter)
#3 A spaciously cosseting interior Inside, the MINI Aceman continues MINI’s ‘Charismatic Simplicity’ approach to electric design: contemporary, progressive and streamlined in equal measure. The large, round, centrally mounted 9.4in OLED touchscreen that dominates the dashboard harks back to the original round dials of the 1960s Mini. It’s now used to control most of the… Continue reading MINI Aceman: eight key features (and why they matter)
‘All-new’ Mk1 Ford Escort to be revealed on 12 December
As well as the Mk1 Escort, Boreham is developing a “remaster” of the Ford RS200 Group B rally car, which will be built from the ground-up as an “entirely new” creation. Ian Muir, CEO of Boreham parent company the DRVN Automotive Group, said: “At DRVN, we understand that true automotive passion comes from the connection between… Continue reading ‘All-new’ Mk1 Ford Escort to be revealed on 12 December
Nissan looks to avoid repeat of 1999 crisis after profit collapse
After a brutal six months, Nissan is edging towards a financial precipice of the type that prompted its 1999 rescue by Renault. The Japanese firm is reportedly scouting for an investment partner to bolster it financially. Honda has been named by a source speaking to the Financial Times as a possible buyer for shares being sold by Renault.… Continue reading Nissan looks to avoid repeat of 1999 crisis after profit collapse
Jaguar concept leaked in full ahead of reveal tonight
The arches, meanwhile, are dramatically swollen to accommodate large-diameter, wide-set allow wheels – and the new Jaguar emblem features just aft of the front wheel on a gold panel, which houses a rear-view camera on each side. It needs cameras because there is no rear window, as had been recently previewed by Jaguar, and the… Continue reading Jaguar concept leaked in full ahead of reveal tonight