Elon Musk made Tesla a success despite ignoring the golden rule that his rivals have been obsessed with for decades (TSLA)

Car companies with poor quality and reliability have had trouble breaking into the US market. Tesla has been the exception to that rule. The EV-maker has overshadowed its flaws with cutting-edge technology and strong branding. In the past 50 years, automakers have had little hope of breaking into the US market if they couldn’t master… Continue reading Elon Musk made Tesla a success despite ignoring the golden rule that his rivals have been obsessed with for decades (TSLA)

Peugeot, Ford and Jaguar dealers hardest hit in July new car sales

The SMMT new car sales figures for July reveal the winners and losers in the current market, with the supply chain hit by the shortage of semiconductors. In an overall market down 29.5%, MG Motor turned in a strong performance with registrations up 31% in July. Hyundai also performed strongly with registrations up 9.8%. At… Continue reading Peugeot, Ford and Jaguar dealers hardest hit in July new car sales

Autos & Transportation · 12:54 PM UTCBiden to aim for 50% EVs by 2030 with industry supportU.S. President Joe Biden will sign an executive order on Th…

WASHINGTON, Aug 5 (Reuters) – U.S. President Joe Biden will sign an executive order on Thursday aimed at making half of all new vehicles sold in 2030 zero-emissions vehicles and will propose new vehicle-emission rules to cut pollution through 2026, the White House said. Biden’s goal, which is not legally binding, won the support of… Continue reading Autos & Transportation · 12:54 PM UTCBiden to aim for 50% EVs by 2030 with industry supportU.S. President Joe Biden will sign an executive order on Th…

Ford, GM, and Stellantis announce joint 40-50% EV sale goal in 2030 – who is going to buy other 50%?

Ford, GM, and Stellantis, also known as the Detroit Big Three, announced today a joint goal for electric vehicles to achieve 40% to 50% of their sales in the US by 2030. Who is going to buy the other 50% of their cars? Over the last year, Ford, GM, and Stellantis (mainly Chrysler, Dodge, Ram,… Continue reading Ford, GM, and Stellantis announce joint 40-50% EV sale goal in 2030 – who is going to buy other 50%?

@FCA: Stellantis Reaffirms Commitment to Electrification in Response to Fuel-Economy NPRM

Stellantis Media – Stellantis Reaffirms Commitment to Electrification in Response to Fuel-Economy NPRM Stellantis Reaffirms Commitment to Electrificationin Response to Fuel-Economy NPRM Our path to a cleaner future is defined by our $35 billion investment in vehicle electrification, which includes four flexible BEV platforms, a scalable family of three electric-drive modules and solid-state battery development.… Continue reading @FCA: Stellantis Reaffirms Commitment to Electrification in Response to Fuel-Economy NPRM

@FCA: Ford, GM and Stellantis Joint Statement on Electric Vehicle Annual Sales

Ford, GM and Stellantis Joint Statement on Electric Vehicle Annual Sales Today, Ford, GM and Stellantis announce their shared aspiration to achieve sales of 40-50% of annual U.S. volumes  of electric vehicles (battery electric, fuel cell and plug-in hybrid vehicles) by 2030 in order to move the nation closer to a zero-emissions future consistent with Paris… Continue reading @FCA: Ford, GM and Stellantis Joint Statement on Electric Vehicle Annual Sales

@Groupe PSA: PR First Half 2021 Results002222

Stellantis Reports Record H1 Pro Forma(1) Results with 11.4% Margin, All Segments ProfitableFull-Year Guidance Raised to ~10% Adjusted Operating Income(2) Margin Pro Forma(1) Net revenues of €75.3 billion, up 46% Pro Forma(1) Adjusted operating income(2) (“AOI”) of €8.6 billion, with 11.4% margin; record North America margin at 16.1% Strong start to synergies execution, with ~€1.3 billion of net… Continue reading @Groupe PSA: PR First Half 2021 Results002222

EV powertrains set to disrupt auto industry’s pecking order

TOKYO — Electric-vehicle makers including Hyundai Motor and Stellantis have begun to look beyond their own development teams for powertrain systems — the throbbing heart that makes EVs go — in a trend that could reshape decades-old automotive supply chains. EV powertrains, called e-axles, combine motors, gearboxes and other drive components into one system that plays a… Continue reading EV powertrains set to disrupt auto industry’s pecking order