Stellantis Expects Annual Loss: €22B EV Hit
Stellantis could report an annual operating loss for the first time. The automaker is taking a massive hit as it scales back its electric vehicle operations. Stellantis CEO Antonio Filosa…
Ferrari Workers Pocket $18,000 Bonuses Thanks To 2025 Success
Ferrari’s net revenue rose by seven percent to €7.1 billion last year. The yearly competitive award for employees in Italy is up to €14,900. Ferrari is already sold out for…
Volkswagen Group Eyes ‘Massive’ Cost Cuts: Report
The VW Group is looking to slash costs by 20 percent by the end of 2028. Plant closures could be part of the plan. Savings would be implemented across all…
SEMA Is Fighting To Save America’s Local Race Tracks
Small tracks face closure from ‘nuisance’ complaints and redevelopment. SEMA is using its PAC and lobbyists to push protective legislation. Anti-nuisance laws would shield tracks that existed before nearby residents.…
Ford Says Half Its Lineup Will Be Electrified by 2030: 'This Is a Customer-Driven Shift'
Customers want choice, and Ford needs to follow the money. Source link
US Luxury Car Market Will Nearly Double to $215 Billion by 2035
An exclusive new study led by Boston Consulting Group with duPont Registry Group projects that the US luxury and exotic automotive sector will grow from approximately $110 billion today to…
Stellantis Is Still Figuring Out Which of Its 14 Brands to Keep
Stellantis calls its vast portfolio a “constellation of 14 iconic automotive brands,” but managing all of them isn’t easy. In Europe, that constellation includes Alfa Romeo, Fiat, Maserati, Abarth, Lancia,…
China Can ‘Put Us All Out of Business’
Ford CEO Jim Farley has been vocal about his love for Chinese EVs. It was a year ago when the Blue Oval’s boss told the public that he was driving…
Porsche’s Operating Profits Have Plummeted
Porsche’s struggles in 2025 are no secret. In July, outgoing CEO Oliver Blume acknowledged that the company is facing significant challenges amid the global EV downturn. Shipments fell by six…
Porsche Has a New CEO
After months of internal pressure and mounting dissatisfaction from investors, Porsche has announced that it will replace CEO Oliver Blume. The company confirmed today, via an official statement from the…