Ultium, Silverado EV, Equinox EV and the Cruise aftermath — General Motors’ electric line, covered.
Mercedes-Benz, the German luxury automaker, has seen a significant drop in its share price following a profit warning issued on September 20, 2024. The company cited weakening demand in China as the primary reason for the downgrade, which has had ripple effects across the European automotive sector, reports CNBC. Profit Warning Details Mercedes-Benz announced a…
Lucid Motors, a Silicon Valley-based electric vehicle (EV) startup, has officially opened a new office in Southfield, Michigan, aiming to tap into Detroit’s rich automotive talent pool and boost its operations. This strategic move comes as Lucid prepares for the launch of its highly anticipated Gravity, a three-row electric SUV. CBT News reports that the…
Volkswagen is making big moves to get its Wolfsburg plant ready for electric vehicle (EV) production. The company has appointed Uwe Schwartz, who successfully converted the Emden plant to EV-only production, as the new manager of the Wolfsburg facility. This change comes amidst a challenging market and increased competition from Chinese automakers, according to Autmotive…
New Jersey’s Charge Up program has just gotten a major boost with the introduction of the Charge Up+ initiative, aimed at making electric vehicles (EVs) more accessible to lower-income residents. The state is doubling down on its commitment to promote EV adoption and meet its clean energy goals, reports NJ.com. Charge Up+: New Income-Based Incentive…
Volkswagen, a major player in the electric vehicle (EV) market, is facing scrutiny over its operations in China’s Xinjiang region. An audit of the company’s jointly owned site there has failed to meet key aspects of international standards, according to a report by the Financial Times reports Reuters. Audit Shortcomings The audit, commissioned by Volkswagen…
Electric vehicle (EV) batteries are on track for a major sustainability upgrade, potentially revolutionizing the industry’s environmental impact and supply chain. According to a recent report from The Economist, most EV batteries could soon be made by recycling old ones, marking a significant shift towards a circular economy in the automotive sector. Demand Surge Drives…
Google’s autonomous driving unit Waymo is reportedly in talks with Hyundai to manufacture its next generation of self-driving vehicles, according to Reuters. This potential partnership could mark a significant shift in Waymo’s strategy and the autonomous vehicle industry as a whole. Talks Underway Officials from Waymo and Hyundai have met more than three times to…
Stellantis, the automotive giant born from the merger of FCA and PSA, is grappling with some serious challenges in the European market. Regulators are pushing for more electric vehicle (EV) sales, but governments are cutting back on incentives, making it tough for automakers to meet emission targets without facing hefty fines. This situation is putting…
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