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

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

The numbers Stellantis published Wednesday, February 26, confirm what the February 6 preliminary announcement already signaled: Stellantis booked a €20.1 billion net loss for the second half of 2025, or roughly $23.8 billion, driven by €25.4 billion in total writedowns across the full year. The second-half adjusted operating loss came in at €1.38 billion, in line with…

The Boring Company's Nashville Music City Loop Gets Final Green Light, Tunneling Already Underway
Model Y

The Boring Company’s Nashville Music City Loop Gets Final Green Light, Tunneling Already Underway

The Boring Company has been sitting in Nashville with its Prufrock-MB1 tunnel boring machine since January, engine ready, waiting on permits. Today, the last major regulatory hurdle cleared. By tonight, the company announced it was already 2.5 feet into the ground. Tennessee Governor Bill Lee announced Wednesday that the Tennessee Department of Transportation (TDOT) and…

Tesla Model Y Reclaims Europe’s Top Spot Despite Sales Drop As BYD Seal U Explodes 833%
Canada

Canada’s Chinese EV Gamble Puts Detroit’s Canadian Plants on the Chopping Block

The same auto industry lobby that represents GM, Stellantis, and Ford in Canada just told Prime Minister Mark Carney his Chinese EV deal is making an already brutal US trade negotiation worse. Brian Kingston, President and CEO of the Canadian Vehicle Manufacturers’ Association (CVMA), made the comments at the Canadian International Auto Show in Toronto…

Ford F-150 Lightning Outpaces Tesla Cybertruck in Q1 2025 EV Pickup Race
Ford

Detroit’s $53 Billion EV Retreat Surprises No One Who Was Paying Attention

Three months after the federal EV tax credit expired, a collector car fintech CEO told WardsAuto what we’ve been reporting since last summer: legacy automakers bet billions on government subsidies instead of building EVs people would buy without them. The combined damage now totals $53 billion across Ford, GM, and Stellantis. The write-downs keep getting…

Tesla’s Electric Semi Charges Toward Mass Production with 1,000+ New Hires in Nevada
California

Tesla Semi vs. Competitors With Trucks Ready Now: California’s $165 Million Voucher Gamble Backfires on the EV Trucking Industry

California’s clean-truck voucher program just handed Tesla roughly $165 million in reserved funding for a truck that has delivered exactly five units to paying customers. A Los Angeles Times investigation published today exposes how the state’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) allocated nearly 1,000 vouchers to subsidize the Tesla Semi…

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