AUBURN HILLS - Stellantis is planning to invest roughly $10 billion into the United States as part of a turnaround effort to regain traction in one of its key markets, sources familiar with the matter told Bloomberg. The automaker is planning to add an additional $5 billion investment on top of an earlier $5 billion pledge, made earlier this year, with much of the
AUBURN HILLS - Stellantis - the automaking conglomerate that owns brands such as Dodge, Fiat, and Chrysler - is continuing to take steps backward when it comes to its new vehicles and modern technology. This time, one of the company's top executives has walked back what was a very aggressive target from the company. Along
DETROIT - Cadillac has just unwrapped its Elevated Velocity concept, a futuristic electric crossover with gullwing doors and a self-cleaning body that shakes off desert dust. Unveiled ahead of its debut at The Quail in Carmel, California, the sci-fi-like design shows the future of luxury EVs: bold, tech-forward, and built to handle any terrain. While the look
KOREA - Hyundai will soon be adding a new vehicle to its lineup, and it’s unlike anything we have seen before. As the world scrambles to look for alternative energy solutions and resources for the sake of a sustainable future for the planet, the passenger vehicle industry has soared with the production of alternative engines.
DETROIT - Despite back-to-back record sales months, GM said on Thursday that it’s now planning to build fewer electric vehicles, including the new Chevy Bolt EV that’s not even out yet. GM’s sudden shift comes as it prepares for what it calls “irrational” EV discounts to expire at the end of September. GM cuts EV production
NEW YORK - With the exception of the struggling Cybertruck, Tesla hasn’t released an entirely new electric car in five years. Musk has indicated that he wants Tesla to primarily focus on building robotaxis and robots. Autonomous-vehicle technology “is the product that makes Tesla a ten-trillion company,” he told his biographer, Walter Isaacson. “People will be talking
DEARBORN - August was Ford Motor Co.'s sixth consecutive month of sales gains, driven by SUVs and big gains in sales of electric vehicles as the nation's car buyers hurried to get ahead of the expiration of the federal EV tax credit. The big winner for Ford was its retail EV sales. Sales of EVs
DETROIT - General Motors is slated to bring back one of its most iconic EV models soon, with some new features to modernize it for the current EV market. GM has announced that it is bringing back the Chevrolet Bolt as part of its 2027 model lineup. The model originally debuted in late 2016 and received an update
LONDON - The MG4's late summer debut is a milestone moment for a new generation of electric vehicle tech, according to a quick scroll through headlines from industry publications that are following the ride's development. MG4 is a sporty-looking hatchback from British automaker MG Motor, which China's SAIC Motor owns. It's turning heads for several reasons, including having the first
DETROIT - Analysts say sales on EVs have been strong as some buyers push to get ahead of the loss of federal tax credits. The "Big Beautiful Bill" signed by President Donald Trump will end the $7,500 tax credit for new EVs and $4,000 for used EVs, as well as credits for business and individual
