Stellantis scraps Jeep, Chrysler PHEVs amid EV slowdown, recall
The Camp Jeep outdoor terrain at the New York International Auto Shown on April 16, 2025. Danielle DeVries | CNBC DETROIT – Stellantis is scrapping its plug-in hybrid electric Jeep SUVs and Chrysler minivan amid slowing EV sales, quality issues and weakened federal fuel economy requirements. The automaker on Friday Continue Reading
GM to record $7.1 billion in Q4 charges due to EV, China resets
GM Hummer EV production in Detroit. Photo by Jeffrey Sauger for General Motors DETROIT – General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year related to its pullback in electric vehicles and restructuring efforts in China. The Detroit automaker said Continue Reading
Used vehicle prices expected to increase in 2026, Cox reports
Ford Mustangs at a used car dealership in Montebello, California, May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT — Prices of used vehicles are expected to rise this year but at a historically stable rate, according to auto data and insights firm Cox Automotive. Cox on Continue Reading
Ford to offer eyes-off driving tech with $30,000 EV in 2028
Jim Farley, president and chief executive officer of Ford, speaks at the Ford Motor Co.’s Kentucky Truck Plant to launch the 2025 Ford Expedition, in Louisville, Kentucky, April 30, 2025. Carolyn Kaster | AP Ford Motor plans to introduce eyes-off driving technology on an upcoming $30,000 all-electric vehicle in 2028, Continue Reading
Tesla CEO Musk brushes off Nvidia self-driving competition
Elon Musk, chief executive officer of Tesla Inc., left, and Jensen Huang, chief executive officer of Nvidia Corp., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Stefani Reynolds | Bloomberg | Getty Images Tesla CEO Elon Musk said Tuesday that Continue Reading
eVTOL maker Joby buys new factory, doubling manufacturing footprint
An electric air taxi by Joby Aviation sits at the Downtown Manhattan Heliport in New York City, Nov. 12, 2023. Roselle Chen | Reuters Joby Aviation on Wednesday said it bought a 700,000-square-foot manufacturing facility in Dayton, Ohio, as the air taxi maker gears up to meet its production goals Continue Reading
Ford reports best annual U.S. vehicle sales since 2019
Visitors to the OC Auto Show at the Anaheim Convention Center check out the newly unveiled Ford Expedition in Anaheim on Thursday, October 3, 2024. Leonard Ortiz | Medianews Group | Getty Images DETROIT — Ford Motor on Tuesday said its U.S. vehicle sales last year increased 6% to achieve Continue Reading
E-commerce startup Stord buys AI fulfillment platform Shipwire
Yuichiro Chino | Moment | Getty Images E-commerce logistics startup Stord has bought CEVA Logistics subsidiary Shipwire, the company said Monday. The deal, which closed Jan. 1 for a undisclosed amount, adds 12 new locations to Stord’s growing logistics network and about 60 new employees. Shipwire is an AI fulfillment Continue Reading
GM posts 5.5% U.S. sales gain in 2025, while Jeep ends annual declines
2026 Chevrolet Corvette ZR1X with Carbon Aero package GM DETROIT — General Motors on Monday reported a 5.5% increase in its annual U.S. sales in 2025, despite a 6.9% decrease during the fourth quarter. The Detroit automaker’s sales results were driven last year by incremental sales of EVs as well Continue Reading
Lucid increases EV deliveries by 55% in 2025, meets lowered guidance
A Lucid Air electric vehicle is displayed at a shopping mall in Scottsdale, Arizona, U.S., Sept. 27, 2021. Hyunjoo Jin | Reuters Lucid Group significantly increased its production and sales last year as it continues to ramp up production of its new Gravity SUV. The all-electric vehicle manufacturer on Monday Continue Reading