General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth… Continue reading GM to take a $1.6 billion hit as tax incentives for EVs are slashed and emission rules ease
Tag: GM
GM takes $1.6bn charge to scale back electric vehicle production
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Carmakers accused in huge UK lawsuits of cheating diesel emissions tests
A London court is hearing a massive lawsuit against major carmakers. Over 1.6 million vehicle owners claim their diesel cars used illegal ‘defeat devices’. Some of the world’s biggest carmakers manipulated diesel emissions tests because they “would rather cheat than comply with the law”, lawyers for over 1.6 million claimants told London’s High Court on… Continue reading Carmakers accused in huge UK lawsuits of cheating diesel emissions tests
Carmakers accused of cheating emissions tests, in UK lawsuits after ‘dieselgate’ scandal
The trial, which will conclude next year with a judgment expected in mid-2026, will focus on a sample of 20 diesel vehicles produced by the five manufacturers, who are being sued by nearly 850,000 of the claimants. Some of the world’s biggest carmakers manipulated diesel emissions tests because they “would rather cheat than comply with… Continue reading Carmakers accused of cheating emissions tests, in UK lawsuits after ‘dieselgate’ scandal
@VW Group: Porsche keeps WEC title bid alive with podium result in Fuji010705
On the Fuji Speedway, Laurens Vanthoor and Kévin Estre charged from 17th on the grid to secure the final podium spot in the No. 6 Porsche 963. Julien Andlauer and Mathieu Jaminet followed closely in the sister car to take the flag in fourth place. Porsche’s customer squad Proton Competition spent time in the lead… Continue reading @VW Group: Porsche keeps WEC title bid alive with podium result in Fuji010705
Stellantis, Renault…Is there a future for car manufacturers in Île-de-France?
The 2,000 workers at Stellantis Poissy have been partially unemployed since Monday. For 3 weeks, no car will leave the factory, the last to assemble vehicles in Île-de-France. After the reconversion of the Flins factory and the closure of the Aulnay-sous-Bois factory, what is the future for the automobile industry in our region? News from… Continue reading Stellantis, Renault…Is there a future for car manufacturers in Île-de-France?
National Professional Services Communications Agency, Marketing Maven, Receives Top 25 Ranking from O’Dwyer’s
PR has moved mostly to the agency side where extensive special practice areas have been built up over the past 25-30 years. O’Dwyer’s ranking of PR firms specializing in professional services includes work for law firms and accountants. These rankings have been tabulated annually since 1968. The Top 25 in the country this year are: Edelman… Continue reading National Professional Services Communications Agency, Marketing Maven, Receives Top 25 Ranking from O’Dwyer’s
Radical new 2026 Peugeot 208 to reinvent the wheel
The next Peugeot 208 will be one of Stellantis’s most important cars to date when it is launched in 2026. It will mark the debut of a game-changing platform, will feature a radical tech-heavy interior with a square steering wheel and is set to be sold exclusively as an EV. The new hatch will be… Continue reading Radical new 2026 Peugeot 208 to reinvent the wheel
@niche: FIXING A HOLE.004104
Editor’s Note: This week, Peter reflects on the urgent need to pull back from the chaos that is engulfing us and try to find a bit of solace by focusing on what really matters (hint: it’s not the 24/7 onslaught of rancor and division). In On The Table, we take a look at the limited-edition 2026 BMW M2 Turbo… Continue reading @niche: FIXING A HOLE.004104
LG Energy Solution Q3 profit likely up 34% on US EV sales rush
LGES has tried to boost production of batteries for energy storage systems (ESS) to offset sluggish EV demand and improve profits in the second half of this year. Battery maker LG Energy Solution (LGES) said on Monday its third-quarter operating profit likely rose 34 per cent as US consumers rushed to buy electric vehicles to… Continue reading LG Energy Solution Q3 profit likely up 34% on US EV sales rush