Dodge Unveils New Electric Muscle-Car to Replace Challenger, Charger:
wsj.com/video/series/on-the-news/dodge-unveils-new-electric-muscle-car-to-replace-challenger-charger/0C71195E-1DCA-45D4-B8C5-9A5508ABCABB
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| Last Updated | Aug 19 22 |
| Total Articles | 8 |
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Dodge will discontinue its Challenger and Charger muscle cars next year: Dodge will discontinue its gas-powered Challenger and Charger muscle cars at the end of ...
cnbc.com/2022/08/15/dodge-challenger-charger-to-be-discontinued-in-2023.html
Dodge goes electric with new Charger Daytona SRT concept: Concept features a new synthesised exhaust note that's as loud as V8 Dodge Charger and a ...
autocarindia.com/car-news/dodge-goes-electric-with-new-charger-daytona-srt-concept-425459
Dodge shows "Banshee" electric Charger concept - an EV with exhaust?: The Dodge Charger Daytona SRT "Banshee" Concept is an all-American ...
electrek.co/2022/08/17/dodge-shows-banshee-electric-charger-concept-an-ev-with-exhaust/
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Dodge will discontinue its Challenger and Charger muscle cars next year: Dodge will discontinue its gas-powered Challenger and Charger muscle cars at the end of ...
cnbc.com/2022/08/15/dodge-challenger-charger-to-be-discontinued-in-2023.html
Dodge goes electric with new Charger Daytona SRT concept: Concept features a new synthesised exhaust note that's as loud as V8 Dodge Charger and a ...
autocarindia.com/car-news/dodge-goes-electric-with-new-charger-daytona-srt-concept-425459
Dodge shows "Banshee" electric Charger concept - an EV with exhaust?: The Dodge Charger Daytona SRT "Banshee" Concept is an all-American ...
electrek.co/2022/08/17/dodge-shows-banshee-electric-charger-concept-an-ev-with-exhaust/
Dodge Charger, Challenger production to end in 2023: They will get seven special edition models, three heritage colours and a special commemorative plaque for ...
autocarindia.com/car-news/dodge-charger-challenger-to-go-out-of-production-in-2023-425429
Dodge ending Charger, Challenger production; all-electric muscle cars coming in 2024
al.com/business/2022/08/dodge-ending-charger-challenger-production-all-electric-muscle-cars-coming-in-2024.html
Paid articlePaid
Dodge unveils new electric muscle car concept that could replace the Challenger and Charger
cnbc.com/2022/08/17/dodge-unveils-electric-muscle-car-concept-charger-daytona-srt.html
Dodge to discontinue Challenger, Charger cars in favor of electric vehicles: Dodge parent Stellantis says gas-powered muscle cars are ‘coming to an end’
marketwatch.com/story/dodge-to-discontinue-muscle-cars-challenger-and-charger-amid-pivot-toward-electric-vehicles-11660768682
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Europe Car Sales Drop in March as EV Weakness Persists: Passenger-car sales in Europe fell 2.8% in March as automakers including Volkswagen AG and Stellantis NV ...
bloomberg.com/news/articles/2024-04-18/europe-car-sales-drop-in-march-as-ev-weakness-persists
Three Stellantis plants halted due to strike at supplier: Production at three Stellantis assembly plants in Europe has been stopped for several days due to a ...
reuters.com/business/autos-transportation/three-stellantis-plants-halted-due-strike-contractor-2024-04-25/
Fiat, Alfa Romeo: Italy's car industry has missed the electric age: Car production has been falling in Italy for many years. Many suppliers are heavily dependent ...
nzz.ch/wirtschaft/fiat-alfa-romeo-italiens-autoindustrie-hat-das-elektro-zeitalter-verschlafen-ld.1826094
Alfa Romeo Renames SUV Model Name to Defuse Tension With Italy: Stellantis NV is changing the name of a sport utility vehicle made by one of its sports-car ...
bloomberg.com/news/articles/2024-04-15/alfa-romeo-renames-suv-model-name-to-defuse-tension-with-italy
Paid articlePaidQuick Glance: Controversy in Italy: Can a car be named „Milano“ if it comes from Poland?
- Alfa Romeo unveils the Alfa Milano, a new full-electric SUV manufactured in Poland.
- Italian government concerned about the impact on „Made in Italy“ due to production in Poland.
- Dispute arises over the name „Milano“ based on a 2003 law against false origin claims.
- Debate on the relevance of protected origin designations for global car manufacturers.
Archer Aviation aims to start electric air taxi trials in India next year: Archer Aviation , backed by Stellantis and Boeing , aims to begin trials of its ...
reuters.com/business/aerospace-defense/archer-aviation-aims-start-electric-air-taxi-trials-india-next-year-2024-04-19/
Quick Glance: Archer Aviation Plans to Start Electric Air Taxi Trials in India Next Year
- Archer Aviation, backed by Stellantis and Boeing, aims to begin trials of its electric air taxi in India next year, ahead of a planned commercial launch in 2026.
- The company is working with India's aviation watchdog to get the necessary regulatory approvals for trials in the country.
- Archer and InterGlobe will, in a joint venture, own and operate 200 of the 'Midnight' aircraft, providing services in India's capital New Delhi, and Mumbai and Bengaluru cities.
- The electric aircraft can carry four passengers and a pilot for up to 100 miles, covering the same distance in 7 minutes that would take 60-90 minutes by car in New Delhi.
How to build a global business empire in the 21st century: Disney, Ford, Microsoft and the age of the quasi-merger
economist.com/business/2024/04/22/how-to-build-a-global-business-empire-in-the-21st-century
Abarth Classiche 1300 OT Brings Alfa 4C Back to Life, But Uglier: The Abarth Classiche 1300 OT is a re-bodied Alfa Romeo 4C designed to honor a classic race car ...
thedrive.com/news/abarth-classiche-1300-ot-brings-alfa-4c-back-to-life-but-uglier
Rüsselsheim with high-tech: New Opel Grandland unveiled - grown quite a bit: With the second generation of the Grandland, the SUV has not only grown ...
n-tv.de/auto/Neuer-Opel-Grandland-enthuellt-ganz-schoen-gewachsen-article24886951.html
GM's CEO no longer highest paid Detroit auto executive: GM CEO Mary Barra made $27.8 million in 2023, behind Stellantis NV CEO Carlos Tavares' compensation.
detroitnews.com/story/business/autos/general-motors/2024/04/24/gm-ceo-no-longer-highest-paid-detroit-auto-executive/73411377007/
Stellantis (STLA) CEO Says a Chinese EV Plant in Italy Would Be a 'Threat'
bloomberg.com/news/articles/2024-04-10/stellantis-ceo-warns-pain-to-come-if-italy-gets-chinese-ev-plant
Paid articlePaid Stellantis to recall over 38,000 vehicles on potential airbag deployment issues : Stellantis is recalling 38,164 vehicles due to an issue which can prevent the ...
reuters.com/business/autos-transportation/chrysler-recall-over-38000-vehicles-us-regulator-says-2024-03-20/
Here's why so many electric vehicle startups fail: The EV revolution is a tempting proposition for entrepreneurs. But the business is not for the faint of heart ...
cnbc.com/2024/04/18/why-so-many-electric-vehicle-startups-fail.html
Chinese car manufacturing in Italy could force tough decisions, says Stellantis CEO
reuters.com/business/autos-transportation/stellantis-extend-production-ice-fiat-panda-city-car-2030-ceo-days-2024-04-10/
Names are not just smoke and mirrors. This is proven by the dispute that the Italian government has started with the car company Stellantis.
Alpha: Why Italy's government, in an unprecedented move, forced the company to rename its new model shortly before launch.
augsburger-allgemeine.de/politik/alfa-id70515151.html
The new Giulia is coming in 2026: The Alfa Romeo Giulia will arrive in 2026 at the latest - with electric drive, but combustion engines are also possible ...
autozeitung.de/alfa-romeo-giulia-2023-preis-motoren-201013.html
Honda to get up to $5B in government aid for EV battery, assembly plants in Ontario
montrealgazette.com/news/national/honda-to-get-up-to-5b-in-government-aid-for-ev-battery-assembly-plants
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
- Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.
- Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.
- The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.
- Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
Stellantis boss slams ‘terrible’ UK electric vehicle policy: Carlos Tavares says Britain’s quota regime could bankrupt carmakers
ft.com/content/ece7fba0-3911-4e8b-a586-e0d44fa1d9f2
Quick Glance: Spanish PM Contemplates Resignation Amid Wife's Corruption Probe
- Spanish Prime Minister Pedro Sánchez is considering stepping down after allegations of corruption involving his wife.
- Sánchez will announce a decision on his political future next week and has temporarily canceled public duties.
- The investigation against Sánchez's wife was initiated due to allegations of receiving favors from companies that secured government contracts.
2025 Ram 1500 RHO revealed: Pricing, specs, when you’ll see it in dealerships: The RHO isn't pitched as a TRX replacement but as a more "attainable" off-road ...
freep.com/story/money/cars/chrysler/2024/04/25/ram-1500-rho-pricing-performance/73428305007/
UAW's Shawn Fain makes Time's list of 100 most influential people of 2024: UAW President Shawn Fain has been named as one of Time's 100 most influential people ...
freep.com/story/money/cars/2024/04/17/uaw-fain-biden-time-most-influential-people/73357552007/
'Air smells like paint': Odors persist after Stellantis installs equipment, neighbors say
detroitnews.com/story/news/local/detroit-city/2024/04/24/paint-odors-persist-after-stellantis-installs-equipment-neighbors-say/73264913007/
Stellantis plans factory worker layoffs in the coming months: The automaker faces increased capital spending to make the transition from gasoline vehicles to ...
detroitnews.com/story/business/autos/chrysler/2024/04/23/stellantis-plans-factory-worker-layoffs-in-the-coming-months/73427205007/
Ellesmere Port manufacturer helps firm win top British award: Vauxhall, alongside its sister brands in the Stellantis group, has been named Van Manufacturer of ...
chesterstandard.co.uk/news/24261764.ellesmere-port-manufacturer-helps-firm-win-top-british-award/
These stocks are too cheap to ignore: Experts recommend these undervalued stocks: These 5 stocks are simply too cheap to ignore. Which undervalued stocks ...
boerse-online.de/nachrichten/aktien/diese-aktien-sind-zu-guenstig-um-sie-zu-ignorieren-experten-empfehlen-diese-unterbewerteten-aktien-20354818.html
Stellantis shareholders OK dividend, support Tavares pay package: Stellantis shareholders approved a $1.65 per share dividend and OK'd a new board member during ...
freep.com/story/money/cars/chrysler/2024/04/16/stellantis-shareholders-dividend-ceo-tavares-pay-package/73342539007/
The Italian Mokka: Alfa Romeo Milano comes as an electric car or hybrid: Alfa Romeo is launching a compact SUV as its first electric car. It is based on the ...
heise.de/news/Der-italienische-Mokka-Alfa-Romeo-Milano-kommt-als-Elektroauto-oder-Hybrid-9681615.html
2024 Fiat 500e: A very small electric car that’s perfect for a very small number of people
freep.com/story/money/cars/mark-phelan/2024/04/10/electric-2024-fiat-500e-is-long-on-style-short-on-range/73253482007/
Quick Glance: Compact Electric Fiat 500e Suits Its Market Perfectly
- Making a comeback after a significant break, the Fiat 500e re-enters the US market with a touch of Italian style.
- The new model slightly outstrips its predecessor in most dimensions, showcasing a subtle size increase.
- Fiat intends to introduce various editions of the 500e featuring distinct colors and functionalities.
- Both the 7-inch digital instrument cluster and the 10.25-inch Uconnect 5 infotainment system will be standard across all 500e models.
Study: Mercedes-Benz most profitable, Tesla slips: Mercedes-Benz led the auto industry in 2023 with an EBIT margin of 12.8%, despite an industry decline in Q4.
deraktionaer.de/artikel/mobilitaet-oel-energie/studie-mercedes-benz-am-profitabelsten-tesla-rutscht-ab-20355159.html
Italian Government Upset Alfa Romeo ‘Milano’ Will Be Built in Poland: The Italian Minister for Business has criticized Stellantis for manufacturing the Alfa ...
thetruthaboutcars.com/cars/news-blog/italian-government-upset-alfa-romeo-milano-will-be-built-in-poland-44506303
Stellantis cuts 200-plus supplemental workers in Detroit: The cuts at a warehousing facility are among the latest of several rounds of job reductions by the ...
detroitnews.com/story/business/autos/chrysler/2024/04/11/stellantis-cuts-200-plus-supplemental-workers-in-detroit/73294411007/
VW attacks again: Our analysis reveals why VW is not in first place in the ranking of the largest car manufacturers in the world and what the strengths of ...
autozeitung.de/die-groessten-autobauer-der-welt-205793.html
Half Of This Quarter's Jeep Wrangler Sales Were 4xe Hybrids: Stellantis, Jeep’s parent company, has published its first-quarter sales figures, and the results ...
autoguide.com/auto/auto-news/half-of-this-quarter-s-jeep-wrangler-sales-were-4xe-hybrids-44610403
Auto industry must halve EV battery weight over next decade, Stellantis CEO says: The automotive industry will have to reduce the weight of EV batteries by 50% ...
reuters.com/business/autos-transportation/auto-industry-must-halve-ev-battery-weight-over-next-decade-stellantis-ceo-says-2024-04-03/
New Stellantis layoffs mean over 3,000 jobs set to go in Italy: Stellantis , the maker of Fiat cars, on Wednesday signed further deals with unions in Italy for ...
reuters.com/business/autos-transportation/new-stellantis-layoffs-mean-over-3000-jobs-set-go-italy-2024-03-27/
Quick Glance: Massive job cuts announced by Stellantis in Italy
- Stellantis has entered into additional agreements with unions in Italy for voluntary layoffs, potentially reducing over 3,000 jobs in the country.
- The workforce reduction is being driven by the shift to cleaner energy in the industry and complements similar agreements already made for other locations such as Turin and Pratola Serra.
- The new agreements primarily involve voluntary redundancy packages for employees nearing retirement age or seeking new professional opportunities.
- Stellantis employs approximately 43,000 individuals in Italy and is in discussions with the Italian government to increase annual production in the country to one million vehicles.
Car manufacturer: Stellantis apparently produces Chinese small electric cars in Poland
handelsblatt.com/unternehmen/industrie/autohersteller-stellantis-produziert-offenbar-in-polen-chinesischen-elektro-kleinwagen/100026692.html
EV battery weight must be cut in half in next decade, exec says: The weight of electric vehicles batteries should be cut by half over the next decade in order to ...
thestar.com.my/tech/tech-news/2024/04/05/ev-battery-weight-must-be-cut-in-half-in-next-decade-exec-says
Europe Car Sales Jump 10% in February With EV Share on Hold
bloomberg.com/news/articles/2024-03-21/europe-car-sales-jump-10-in-february-with-ev-share-gain-on-hold
New Stellantis Korea head vows to 'restore brand identity' : Stellantis Korea will focus on regaining customers' trust and improving its brand identity ...
koreatimes.co.kr/www/tech/2024/04/419_371817.html
Stellantis lays off about 400 salaried workers as automakers continue electric vehicle transition
chicagotribune.com/2024/03/22/stellantis-lays-off-about-400-salaried-workers-as-automakers-continue-electric-vehicle-transition/
So much for ‘all-electric’ – Fiat 500e may come with a gas engine: Stellantis-owned Fiat has had high hopes for its all-electric Fiat 500, available in the US ...
electrek.co/2024/03/20/so-much-for-all-electric-fiat-500e-may-come-with-a-gas-engine/
Stellantis buys stake in optical radar start-up SteerLight: European carmaker Stellantis announced on Wednesday that it was acquiring a stake in optical radar ...
reuters.com/markets/deals/stellantis-buys-stake-optical-radar-start-up-steerlight-2024-03-20/
Chrysler-parent Stellantis laying off about 400 U.S. workers: Chrysler-parent Stellantis said Friday it will lay off about 400 U.S. workers as it works to cut ...
reuters.com/business/autos-transportation/chrysler-parent-stellantis-laying-off-about-400-us-workers-2024-03-22/
Quick Glance: Stellantis to Lay Off Around 400 US Workers
- Stellantis, the parent company of Chrysler, announced the layoff of approximately 400 US workers to reduce costs and enhance electric vehicle production.
- The reduction primarily affects positions in engineering, technology, and software, representing 2% of the company's global workforce.
- Last year, Stellantis offered buyouts to groups of US employees twice, including providing financial incentives for 6,400 US salaried workers to depart in November.
Stellantis uses sneaky new tactic to lay off corporate employees: The automaker has recently shrunk its workforce by about 400 employees, and it did so in an ...
trib.al/pmUZmV9
Exclusive: China's Leapmotor to start production of small EV in Polish Stellantis plant
reuters.com/business/autos-transportation/chinas-leapmotor-start-production-small-ev-polish-stellantis-plant-2024-03-22/
Why Stellantis’s CEO Remains All-In on EVs as Others Retrench: Carlos Tavares is betting big on the company’s flexible manufacturing platforms as it rolls out ...
on.wsj.com/4adt4w0
Italy should take French route on incentives, Stellantis CEO says: Italy should mimic France's current auto purchase incentives that favour cars produced in ...
reuters.com/business/autos-transportation/italy-should-take-french-route-incentives-stellantis-ceo-says-2024-03-19/
Newsom announces California clean car deal with Stellantis: California Gov. Gavin Newsom (D) announced a new partnership with automaker Stellantis on Tuesday ...
thehill.com/policy/energy-environment/4543167-newsom-announces-california-clean-car-deal-with-stellantis/
Goodbye RWD: 2024 Dodge Charger Is AWD Only: All 2024 Dodge Chargers will be all-wheel drive, no matter how many doors they have or how they're propelled.
thedrive.com/news/goodbye-rwd-2024-dodge-charger-is-awd-only
Muscle car under power: Dodge Charger Daytona flexes its muscles electrically: Large-volume petrol engines are as much a part of muscle cars as stars and stripes ...
n-tv.de/auto/Dodge-Charger-Daytona-laesst-elektrisch-die-Muskeln-spielen-article24786617.html
Quick Glance: Electric Dodge Charger Daytona Flexes Muscles with over 600 PS
- The Dodge Charger is electrified with extreme performance data and a unique E-car sound.
- The muscle car offers over 600 PS and a 3.3-second 0-100 km/h sprint time.
- The electric car has a range of 418 to 510 kilometers according to US standards.
- The interior features sporty elements and combustion engine models will also be available.
Subaru joins Chrysler and Dodge in recalling cars for airbags issues: More than 4 million vehicles have already been recalled in the U.S. this year
qz.com/auto-recalls-subaru-outback-legacy-cars-1851369387
Paid articlePaid Electric charger as R/T and Scat Pack: The first electric muscle car will arrive in 2024: the Dodge Charger. This is what we know about the horsepower and price ...
autozeitung.de/dodge-challenger-2020-preis-technische-daten-137388.html
Jeep-owner Stellantis and California strike Trump-proof deal on emissions: Stellantis will now comply with California’s emissions policy requiring two-thirds of ...
electrek.co/2024/03/20/jeep-owner-stellantis-and-california-strike-trump-proof-deal-on-emissions/
Stellantis recalling 338,000 Jeeps for suspension problem: Stellantis, the parent company of Jeep, Dodge and Chrysler vehicles, is recalling 338 ...
cnn.com/2024/02/28/cars/stellantis-recalling-jeeps-steering-problem/
Quick Glance: Chrysler Recalls Over 546,000 Jeep Vehicles
- Chrysler initiated a recall for more than 338,000 Grand Cherokee vehicles due to a steering wheel issue that increases the risk of a crash.
- Jeep Grand Cherokee L vehicles from the years 2021 to 2023 and Grand Cherokee vehicles from the model years 2022 and 2023 are affected by this recall.
- These vehicles are equipped with an upper control arm ball joint and a steering knuckle that may separate, causing the steering wheel to fall outward.
- Customers affected can visit Chrysler or Jeep dealers who will replace the upper control arm's ball joint pinch bolts free of charge.
First Stellantis EV in the US draws strong interest from dealers: Jeep, RAM, Dodge, and Fiat owner Stellantis is launching its first passenger electric vehicles ...
electrek.co/2024/03/13/first-stellantis-ev-us-draws-strong-interest-dealers/
California signs deal with Stellantis to uphold vehicle emissions rules: California Gov. Gavin Newsom (D) announced on Tuesday that top automaker Stellantis has ...
thehill.com/homenews/state-watch/4543032-california-signs-deal-with-stellantis-to-uphold-vehicle-emissions-rules/
Italy Reaches Out to BYD (1211 HK) Amid Clash With Stellantis (STLA): BYD Co. has been contacted by the Italian government as part of the country’s efforts to ...
bloomberg.com/news/articles/2024-02-26/italy-reached-out-to-china-s-byd-in-search-of-another-carmaker
Paid articlePaid
Europe Car Sales Jump 11% in January on Pent-up Demand: Passenger-car deliveries in Europe gained 11% in January as automakers like Volkswagen AG and Stellantis ...
trib.al/ty9ymKT
Stellantis terminating 341 workers at Toledo's Jeep plant: The permanent layoff was focused on supplemental workers at the facility.
detroitnews.com/story/business/autos/chrysler/2024/03/04/stellantis-terminating-341-workers-at-toledos-jeep-plant/72838169007/
Maserati reveals first GranCabrio convertible sports car since 2019: The sports car is based off the Maserati GranTurismo Trofeo sedan that's currently on sale ...
cnbc.com/2024/02/29/maserati-reveals-first-grancabrio-convertible-sports-car-since-2019.html
Stellantis’ JV approved, gaining exclusive rights to build and sell Leapomotor EVs outside of China
electrek.co/2024/03/07/stellantis-jv-approved-rights-to-build-sell-leapomotor-evs-outside-of-china/
Stellantis is recalling 285,000 sedans because side curtain airbag inflators could break open
cnn.com/2024/03/22/business/stellantis-recalling-285000-sedans-side-airbags/
Ford to expand hybrid vehicles, push back launch of 3-row EVs to stay competitive
freep.com/story/money/cars/ford/2024/04/04/ford-hybrid-ev-models-sales/73201156007/
Lancia Continues Teasing Returning to Rally: A former rallying icon has confirmed its intention to return to the sport of rallying after a three-decade ...
thetruthaboutcars.com/cars/news-blog/lancia-continues-teasing-returning-to-rally-44506135
This legacy automaker says it just turned a profit on EVs: Jeep and Chrysler owner Stellantis – hardly a hero in our EV story – says that is finally turning a ...
electrek.co/2024/02/16/this-legacy-automaker-says-it-just-turned-a-profit-on-evs/
FAQ on car discounts: Price war for electric cars - the most important questions and answers
handelsblatt.com/mobilitaet/ratgeber-service/faq-zu-autorabatten-preiskrieg-bei-elektroautos-die-wichtigsten-fragen-und-antworten/100017234.html
F-150, Ram Pickup Sales Fall as Americans Shift to Cheaper Cars: Sales of pricey pickup trucks at Stellantis NV, Ford Motor Co. and General Motors Co ...
bloomberg.com/news/articles/2024-04-03/f-150-ram-pickup-sales-fall-as-americans-shift-to-cheaper-cars
Paid articlePaid Chrysler unveils radical Halcyon EV concept that will redefine the 100-year-old brand
electrek.co/2024/02/13/chrysler-unveils-radical-halcyon-ev-concept-with-unlimited-range/
Stellantis will finally adopt Tesla-style fast charger plug: The Dodge and Ram owner is adopting J3400 for DC charging.
arstechnica.com/cars/2024/02/stellantis-will-finally-adopt-tesla-style-fast-charger-plug/
Biden touts deal to reopen idled Stellantis plant in State of the Union address: President Biden touted Belvidere, Illinois, as a "great comeback story" after he ...
detroitnews.com/story/news/politics/2024/03/07/biden-touts-deal-to-reopen-idled-stellantis-plant-in-speech/72884436007/
Lancia comes back to life: For months, the Stellantis Group had been drumming up the rebirth of the traditional Lancia brand on markets outside Italy.
rheinpfalz.de/wirtschaft_artikel,-lancia-erwacht-wieder-zu-leben-_arid,5614498.html
Renault and Stellantis to increase costs cuts in ‘turbulent year’: Carmakers’ shares rise on increased returns to investors but face lower margins due to ...
ft.com/content/ecf16ecf-d608-4135-8841-fccc7f6d860a
Quick Glance: Renault and Stellantis Boost Cost Cuts
- Carmakers' shares rise due to investor returns, face lower margins from electric vehicles.
- Renault aims to cut EV costs by 40% and petrol/hybrid models costs by 30% by 2027.
- Stellantis warns of lower profits from electric models, plans cost cuts despite increased profits.
- Renault expects lower margins of about 7.5% in 2024 despite record 7.9% operating margins in 2023.
High interest rates, slowing growth in electric vehicle demand and a move by consumers toward lower-priced models hit Tesla, Stellantis and GM.
Home: USA TODAY delivers current national and local news, sports, entertainment, finance, technology, and more through award-winning journalism, photos ...
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