Tag: FCA

@FCA: Stellantis Spotlight Wraps the Week

July 28, 2023 , Auburn Hills, Mich. –  “Stellantis Spotlight” is a weekly recap of some of the major stories at Stellantis. The top stories for the week ending July 28, 2023, include record first-half financial results and a new EV charging joint venture set to change how people plug in and power up.   Go to… Continue reading @FCA: Stellantis Spotlight Wraps the Week

Industry calls for urgent support as electric car uptake slows

Concerns are rising that public appetite for switching to electric vehicles is waning as the cost of living crisis combines with increasingly vehement anti-electric car rhetoric to severely dent consumer confidence.  While electric car registrations grew 32.7% in the first six months of this year, equating to an additional 37,719 cars over the same period… Continue reading Industry calls for urgent support as electric car uptake slows

Clean Technica: Tesla Model 3 Seizes Italy’s BEV Market In June002922

Originally published on opportunity:energy. As we reach the midpoint of 2023, the Italian car market continues to experience a sustained rebound. With June’s figures confirming burgeoning growth for mild hybrids, plug-in vehicles have struggled to match figures seen elsewhere in Europe. Meanwhile, Tesla stays in a league of its own. Official statistics by UNRAE for… Continue reading Clean Technica: Tesla Model 3 Seizes Italy’s BEV Market In June002922

Mercedes’ F1 Performance Improves After Adjustments to Its Racecar

After qualifying was finished for the season-opening Bahrain Grand Prix in March, Toto Wolff, the Mercedes team principal, condemned his own car. Lewis Hamilton and George Russell, the team’s drivers, had finished over six-tenths of a second behind the leading time set by the reigning champion, Max Verstappen of Red Bull, which is a huge… Continue reading Mercedes’ F1 Performance Improves After Adjustments to Its Racecar

F1 Teams Are Already Working on the Power Units Coming in 2026

Formula 1’s 2023 season isn’t even half over, but manufacturers are already working on 2026. That is when revised power-unit regulations, running through 2030, will take effect. It will be the biggest overhaul to the rules since the introduction of 1.6-liter V6 turbocharged engines in 2014. There will be more manufacturers and a step toward… Continue reading F1 Teams Are Already Working on the Power Units Coming in 2026

Western car makers look to slash EV costs to fight Chinese onslaught

Western automakers are fretting about an “invasion” of cheap Chinese electric cars in Europe, prompting France’s Renault to say on Thursday it was aiming to slash production costs for its electric models by 40%. Finance chief Thierry Pieton said the best way to fend off price competition was for Renault to cut its own development and… Continue reading Western car makers look to slash EV costs to fight Chinese onslaught

Western car makers look to slash EV costs to fight Chinese ‘invasion’

Renault aims to cut electric vehicle production costs by 40% to compete with cheap Chinese electric cars flooding Europe’s market. Western automakers, including Stellantis, face fierce competition and must seek cost competitiveness to stay profitable. Western automakers are fretting about an “invasion” of cheap Chinese electric cars in Europe, prompting France‘s Renault to say on… Continue reading Western car makers look to slash EV costs to fight Chinese ‘invasion’

German Manager Magazin: Volkswagen: Car manufacturer cuts sales forecast due to uncertain economy002628

Volkswagen increased the operating result significantly in the second quarter thanks to decreasing delivery bottlenecks, but has become more cautious in its sales forecast due to the uncertain economy. The operating result increased by almost a quarter to 5.6 billion euros, the Wolfsburg-based group announced on Thursday. Sales climbed 15.2 percent to a good 80… Continue reading German Manager Magazin: Volkswagen: Car manufacturer cuts sales forecast due to uncertain economy002628

Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance

Scott Mlyn | CNBC Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments. The manufacturer of Jeep, Dodge, Peugeot and other brands recorded second-quarter net revenues of 98.4 billion euros ($108.8 billion) and a net profit of 10.9… Continue reading Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance