One thing you can say about Toyota Chairman Akio Toyoda: he’s ready to push things to the limits, as he proved while testing out a new rally version of the automaker’s GR Yaris at the R&D center in Shimoyama, Japan. While most executives tend to prefer covering up their mistakes, Toyoda left his out for everyone to see.
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.
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.
It didn’t take long for the old depot to fall into ruin after the last Amtrak train departed on January 6, 1988, becoming the iconic symbol of Detroit’s decline. But later today, a sold-out ceremony will mark its rebirth as part of a nearly $1 billion project launched by Ford Motor Co. Michigan Central Station has become the centerpiece of a new campus focused on the development of advanced automotive technologies.
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.
Jeep launched its first all-electric model, the Wagoneer S, this week and has more coming. But the brand wants to give buyers “freedom of choice” and, rather than go 100% EV, officials told Headlight.News they’ll soon offer six different electrified powertrain...
What is it with car designers wanting to start their own car companies? Former Jaguar Director of Design Ian Callum has developed the Callum Skye EV, a small, off-road oriented vehicle set to debut May 22. Check it out at Headlight.News.
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.
Elon Musk’s increasingly mercurial behavior is having a substantial impact on the Texas-based EV maker. But it may also have a serious impact on the Tesla CEO himself as shareholder resistance grows to the $50 billion pay package the automaker wants to give Musk. A key investor, and former Musk “fanboy,” voting no.
Just days after firing the head of Tesla’s Supercharger operations – and dismissing her entire 500-person staff – CEO Elon Musk appeared to reverse course, announcing on his social media site X that the automaker still will invest “well over” $500 million on “new sites and expansions” of the public charging system. The apparent turnaround comes as Tesla comes under increasing pressure from Tesla investors, analysts, owners and other automakers who have done deals to gain access to the Supercharger network for their own EV customers.