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U.S. Sets New Fuel Economy Record – But Detroit Makers Lag Imports

U.S. Sets New Fuel Economy Record – But Detroit Makers Lag Imports

The U.S. auto industry set a new fuel economy record in 2022, according to the EPA – though Detroit’s Big Three automakers lagged both foreign-owned brands and domestic start-ups. It marked the biggest improvement in mileage in nine years. More from Headlight.News .

Stellantis “In the Black” on EV, Says CEO, But Tavares Warns Other Automakers Could Be Forced Out by Losses

Stellantis “In the Black” on EV, Says CEO, But Tavares Warns Other Automakers Could Be Forced Out by Losses

With rare exception EVs have been big money-losers for the auto industry. But there are a few exceptions, starting with Tesla. Now, Stellantis CEO Carlos Tavares says his companies electrified vehicles also are “in the black.” Speaking at an industry conference, Tavares warned that automakers who can’t improve margins could be forced out of business by the end of the decade.

GM, Other Automakers Rethink EVs and May Shift Near-Term Emphasis to Hybrids, Plug-Ins

GM, Other Automakers Rethink EVs and May Shift Near-Term Emphasis to Hybrids, Plug-Ins

With EV sales growth slowing down, General Motors “is currently assessing” its massive investment in battery-electric vehicles. And, while it remains committed to CEO Mary Barra’s “path to an all-electric future,” it will shift more emphasis to the hybrids and plug-ins it was planning to abandon. And other automakers, including Ford and Stellantis, are likewise shifting direction. If anything, this validates Toyota’s strategy calling for a mix of EVs, hybrids and PHEVs, reports Headlight.News.