Employees work on the assembly line of new energy vehicles (NEVs) at a workshop of China FAW Group’s Hongqi Fanrong Plant on July 5, 2023 in Changchun, Jilin Province of China. Zhang Yao | China News Service | Getty Images DETROIT — The unraveling of the U.S. electric vehicle push is increasingly raising concerns of… Continue reading How America’s EV retreat is increasing China’s control of global markets
Tag: Ford
Stellantis CEO says automaker is stronger together as stock plummets amid $26 billion charge
Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa on Friday said the automaker plans to move forward as one company amid speculation that it would be better off selling brands or splitting up after disappointing results. “Stellantis is a… Continue reading Stellantis CEO says automaker is stronger together as stock plummets amid $26 billion charge
Stellantis announces $26 billion hit from business overhaul; shares plunge
Stellantis logo is pictured at one of its assembly plants following a company’s announcement saying it will pause production there, in Toluca, state of Mexico, Mexico April 4, 2025. Henry Romero | Reuters Shares of automaker Stellantis plunged 27% in European trading on Friday, after the company said it expects to take a 22-billion-euro ($26… Continue reading Stellantis announces $26 billion hit from business overhaul; shares plunge
Modest new car growth but EV demand lags expectation
In encouraging news this week, SMMT’s latest figures show the new car market made a promising start to the year, with 3.5% growth in January – the strongest performance for the month since before the pandemic. The latest outlook is also optimistic about the sector’s ongoing recovery, anticipating further growth of 1.4% this year – a modest but welcome improvement on the… Continue reading Modest new car growth but EV demand lags expectation
German FAZ: Stellantis in free fall010539
The Opel parent company Stellantis experienced a pitch-black Friday on the stock market. At times it lost more than a quarter of its value; It fell to its lowest level since the car manufacturers Peugeot-Citroën and Fiat-Chrysler merged with their fourteen brands at the beginning of 2021 to form Europe’s second-largest provider after Volkswagen. Things… Continue reading German FAZ: Stellantis in free fall010539
German FAZ: Stellantis in free fall010540
The Opel parent company Stellantis experienced a pitch-black Friday on the stock market. At times it lost more than a quarter of its value; It fell to its lowest level since the car manufacturers Peugeot-Citroën and Fiat-Chrysler merged with their fourteen brands at the beginning of 2021 to form Europe’s second-largest provider after Volkswagen. Things… Continue reading German FAZ: Stellantis in free fall010540
Mitra EV raises $27 million to scale its fleet electrification platform
Mitra EV, provider of a commercial fleet electrification platform, has closed a $27-million financing round including equity funding from lead investor Ultra Capital and a credit facility from S2G Investments. Mitra will use the new funding to expand its shared charging network, deploy additional fleet solutions, and scale its electrification model into new markets. “The… Continue reading Mitra EV raises $27 million to scale its fleet electrification platform
“It was a hairy drive!” – Living with a BAC Mono in winter
When he bought his BAC Mono in sunny Dubai four years ago, did Jason Goddard ever imagine that one day, back home living in England after 14 years working in the Middle East, he’d be driving it in the middle of winter on lifeless carbon brakes up the M6 to BAC’s Liverpool factory for its… Continue reading “It was a hairy drive!” – Living with a BAC Mono in winter
Adient Q1 Earnings Beat Expectations, Revenues Rise Y/Y
Adient ADNT reported adjusted earnings per share (EPS) of 35 cents for the first quarter of fiscal 2026. Earnings rose from 27 cents recorded in the year-ago period and beat the Zacks Consensus Estimate of 20 cents. The company generated net sales of $3.64 billion, which increased 4.3% year over year and beat the Zacks Consensus… Continue reading Adient Q1 Earnings Beat Expectations, Revenues Rise Y/Y
German Manager Magazine: Stellantis shares collapse: car manufacturer shocks with 22 billion euro depreciation004693
The car company Stellantis pulls the ripcord on its electrical strategy and records billions in depreciation. Due to the throttling of development plans for electric cars, charges of around 22.2 billion euros were incurred in the second half of 2025, the French-Italian manufacturer announced on Friday from CEO Antonio Filosa (52). The bottom line is… Continue reading German Manager Magazine: Stellantis shares collapse: car manufacturer shocks with 22 billion euro depreciation004693