Elon Musk celebrates yes vote by Tesla shareholders that secures his record-setting compensation plan after a judge in Delaware voided the proposed pay package in January.

Elon Musk celebrates yes vote by Tesla shareholders that secures his record-setting compensation plan after a judge in Delaware voided the proposed pay package in January.
Jeep will introduce a $25,000 EV in 2027, officials from parent Stellantis confirmed on Thursday. CEO Carlos Tavares – who first dropped hints about the affordable offering last month – added a number of other details during a meeting with investors.
Stellantis faces challenges and has lost ground in the U.S. CEO Carlos Tavares acknowledged during Thursday’s “Investors Day” conference, putting some of the blame on his own shoulders. But the carmaker’s flexible strategy and new products offer hope for the future and protect the company’s profitability, he promised analysts and shareholders.
Volvo is recalling nearly 72,000 EX30 SUVs because of a software problem that can glitch the EV’s speedometer. It’s the second software problem that has plagued the new battery-electric vehicle. But motorists may not even know there’s a problem unless they read the mandatory recall notice sent under federal guidelines.
A growing number of investors have announced they will vote against the $56 billion pay package Tesla’s board of directors wants to give CEO Elon Musk – though the South African-born executive insists he has lined up enough support for the proposals approval during a shareholder’s meeting this week. What happens if the plan is rejected? Musk already has fired a warning shot.
The growth of the U.S. EV market may be slowing for the auto industry overall, General Motors sales were charged up, according to CEO Mary Barra, who said the automaker had its “best month ever” in May. But the automaker is still ready to adjust its electrification plans.
Ford posts double-digit sales gain during May as EV and hybrids attract buyers.
The Jeep brand just launched its first EV for the U.S. market but more are on the way – including a $25,000 all-electric SUV that should be on sale “very soon,” according to Carlos Tavares, CEO of Jeep parent Stellantis.
With its all-electric SUV winning harsh criticism and low demand, Vietnamese automaker VinFast appears to be rethinking its commitment to set up a $4 billion U.S. assembly complex. There’s growing concern the North Carolina facility will be delayed, even cancelled.
Struggling battery-electric start-up Lucid Group will cut 400 jobs as it tries to slash mounting financial woes. It’s far from the only EV manufacturer responding to slowing sales growth by trimming its workforce, however. And still more cuts are expected to follow in the months ahead.
Mitsubishi…remember it? Going back a couple decades, it was a rising star in the U.S. market. Now, it hopes to make a real comeback with its 5-year Momentum 2030 North America business plan. That will “start immediately,” the Japanese automaker says, with an assortment of new and completely refreshed vehicles heading to American showrooms — including EVs, plug-ins and conventional hybrids.
In the wake of the mega-merger between Fiat Chrysler Automobiles and Paris-based PSA, Tim Kuniskis seemed the fair-haired boy, the American executive CEO Carlos Tavares could turn to when there was a problem to be solved. But Kuniskis unexpectedly announced his retirement Friday, with replacements named to take on his duties at Dodge and Ram.