Ford

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Jul 6

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Michigan

Gotion Abandons $2.4 Billion Michigan Battery Plant After Three Years Of Political Warfare

A Chinese battery giant’s plans to build a massive Michigan manufacturing plant have officially collapsed, with the state now demanding millions back after years of grassroots opposition, Chinese ownership controversies, and Trump administration policy shifts killed what was once touted as Northern Michigan’s largest economic project ever. Gotion Inc. abandoned its $2.4 billion electric vehicle…

Haye KestelooOct 25

Model Y

Tesla Recalls 13,000 Model Y And Model 3 EVs Over Battery Defect That Causes Sudden Power Loss

Tesla is recalling nearly 13,000 Model Y and Model 3 electric vehicles due to a battery pack defect that could cause sudden loss of propulsion while driving, according to the National Highway Traffic Safety Administration. The recall affects 7,925 Model Y vehicles from the 2026 model year and 5,038 Model 3 sedans from the 2025…

Haye KestelooOct 25

Stellantis Posts €20 Billion Net Loss as CEO Filosa Promises Profitability Return That Won't Arrive Until 2027

France

France Demands EU Flexibility As Stellantis Shuts Plants And 350,000 Jobs Hang In Balance

France is pushing the European Union to adopt “flexibility” in implementing stricter CO2 emissions rules for new vehicles, signaling support for its struggling domestic automakers as plant shutdowns and job losses mount. The timing is critical: France’s Finance Ministry announced Thursday that the country wants “technological neutrality” while maintaining the 2035 combustion engine ban, just…

Haye KestelooOct 24

Porsche

Porsche Posts First-Ever Quarterly Loss: $1.1 Billion Wipeout Signals EV Strategy Collapse

Porsche AG just posted the most humiliating quarter in its 77-year history—a €967 million ($1.1 billion) operating loss that marks the luxury automaker’s first quarterly loss since going public in 2022. According to Bloomberg, the sports car manufacturer is hemorrhaging cash as it scrambles to unwind an expensive electric vehicle strategy that spectacularly backfired against…

Haye KestelooOct 24

Rivian

Rivian Pays $250 Million to Settle IPO Fraud Lawsuit as Company Cuts 600 Jobs

Rivian has agreed to pay $250 million to settle a 2022 class-action lawsuit that accused the electric vehicle maker of misleading investors about vehicle pricing during its blockbuster 2021 initial public offering, according to a court filing Thursday. The settlement arrives at a critical juncture for the struggling EV startup. On the same day it…

Haye KestelooOct 23

Tesla Spain Sales Drop 8.75% in November While EV Market Doubles - Hybrids Take Lead as Electric Vehicle Sales Plummet in California—A Wake-Up Call for EV Industry

BYD

Tesla Bets Its Future on Aging Models While BYD Launches Cars Twice as Fast

Reuters analysis reveals Tesla is taking an unprecedented gamble in the automotive industry: staking its entire car business on models designed between 2017 and 2020 while Chinese EV makers like BYD slash development cycles to two years or less. Industry experts warn this aging product lineup threatens Tesla’s market position as competitors flood showrooms with…

Haye KestelooOct 23

Rivian

Rivian Slashes 600 Jobs as Trump’s EV Policy Upends Industry

Rivian Automotive is laying off approximately 600 employees—roughly 4.5% of its workforce—as the electric vehicle maker faces mounting pressure from the September 30 expiration of federal EV tax credits and a broader slowdown in EV demand. The layoffs, first reported by The Wall Street Journal, mark the third workforce reduction in just four months for…

Haye KestelooOct 23

Tesla

Uber Launches $4,000 EV Grants For Drivers As Federal Tax Credit Expires

Uber is launching a $4,000 grant program for drivers purchasing electric vehicles in select states, stepping in just as the federal EV tax credit vanished from the market. The ride-hailing giant announced Wednesday it’s rebranding “Uber Green” to “Uber Electric” while rolling out its Go Electric grants to drivers in California, New York, Colorado, and…

Haye KestelooOct 22

Ford

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