Automakers
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Courtesy of Mercedes-Benz AG
Mercedes-Benz Q1 profits down nearly 30%
The automaker attributed lower volumes to product transitions and supply chain bottlenecks.
By Haley Cawthon • May 16, 2024 -
Courtesy of Stellantis
Stellantis’ volumes nearly 100K less in Q1. Here’s where production was cut.
The automaker expects production of next-generation vehicles to ramp up “significantly” in the second half of 2024.
By Haley Cawthon • May 15, 2024 -
Courtesy of Honda Motor Co.
Honda banks on hybrid profits to fund EV transition
The automaker announced it will increase R&D spending by almost 25% over the next year to gain a competitive advantage in the hybrid vehicle segment.
By Eric Walz • May 15, 2024 -
Courtesy of Tesla Inc.
How 4 technology trends are shaping automotive design
Some design trends are partly a reaction to design aesthetics that preceded them; others are responses to changes in technology, consumer preferences and government regulation, experts said.
By Michael Brady • May 15, 2024 -
Courtesy of Stellantis
Stellantis, Leapmotor JV to launch 2 EV models in Europe this year
As part of the partnership, Stellantis has exclusive rights to manufacture, export and sell Leapmotor EVs outside of China.
By Eric Walz • May 15, 2024 -
Alex Wong via Getty Images
Biden hikes tariffs on China-made EVs, batteries
The action aims to protect the U.S. market from the rise in Chinese electric vehicle exports, which the U.S. says jumped 70% from 2022 to 2023.
By Kate Magill , Eric Walz • May 14, 2024 -
Courtesy of Toyota Motor North America
Toyota CEO: ‘Next-generation BEVs must change the factories themselves’
The automaker aims to reconfigure its factories to cut the number of processes in half.
By Haley Cawthon • May 14, 2024 -
Courtesy of Volvo
Volvo Cars shakes up leadership team after COO leaves for Rivian
The automaker named new product, engineering and supply chain chiefs as it pursues "technological and commercial transformation."
By Haley Cawthon • May 13, 2024 -
Courtesy of Lucid Group, Inc.
EV maker Lucid Group shores up its losses with billion-dollar investments
Lucid has received $6.4 billion from Saudi Arabia’s Public Investment Fund since 2018, which has helped support its operations as it works to turn a profit.
By Eric Walz • May 13, 2024 -
Sarah Rice via Getty Images
Ford CFO John Lawler to serve in dual role as vice chair
The automaker also named former Lucid Group CFO Sherry House as VP of finance as it begins to execute its Ford+ strategic plan.
By Eric Walz • May 10, 2024 -
Courtesy of Rivian Automotive
Rivian completes plant retooling, a ‘pivotal step’ on path to profitability
CFO Claire McDonough said the EV maker expects lower variable costs to be the biggest driver of gross profit improvement this year.
By Haley Cawthon • May 10, 2024 -
Justin Sullivan via Getty Images
Auto retail sales benefit from tax season: Cox Automotive
Used vehicle supply fell to its lowest level in the past year after a spring buying surge.
By Kalena Thomhave • May 9, 2024 -
Courtesy of Ford Motor Co.
Ford execs on EV strategy: 3 lessons learned on pricing, models and profits
The automaker expects each one of its electric vehicles to be profitable within 12 months of launch, and it will do ‘everything it takes’ to make that a reality.
By Haley Cawthon • May 9, 2024 -
Courtesy of General Motors
Automakers get more flexibility as US finalizes EV tax credit rules
Electric vehicle makers have been racing to shift their supply chains to qualify for the credit. The latest changes give them more time.
By Eric Walz • May 8, 2024 -
Courtesy of Mustang Ice White Appearance Package
April auto sales: EVs make a slight comeback for automakers
Ford and Kia were the two standouts of the month, notching triple-digit percent growth on electric vehicle sales.
By Haley Cawthon • May 8, 2024 -
Bill Pugliano via Getty Images
UAW Local 869 votes to authorize strike at Stellantis plant
The union has put the automaker on notice as workers claim it has failed to address health and safety grievances at the Michigan facility.
By Haley Cawthon • May 7, 2024 -
Courtesy of BMW Group AG
BMW’s future EVs will support bidirectional charging
The automaker’s next generation of vehicles will be able to store energy to send back to the grid.
By Eric Walz • May 7, 2024 -
Courtesy of Volvo Cars
Rivian hires former Volvo Cars exec as next COO
Javier Varela will be central to the company’s growth and profitability as it prepares to launch new electric vehicles.
By Eric Walz • May 6, 2024 -
Courtesy of Tesla Photo Gallery
Automotive design: Professor explains why minimalism is having a renaissance
An academic specialized in automotive design broke down recent models and what they say about how executives are adapting to trends for Automotive Dive.
By Michael Brady • May 6, 2024 -
Courtesy of Ford Motor Co.
Ford recalls nearly 243K Maverick pickups for tail light issue
The company has issued a total of 23 separate recalls across its model lineup since January.
By Eric Walz • May 3, 2024 -
Eric Thayer via Getty Images
Ford invests in dealer education to improve customer experience
With Ford University, the automaker is banking on highly informed dealers to serve as guides to customers throughout the buying process.
By Kristen Doerer • May 3, 2024 -
Courtesy of Volkswagen Group
Why VW’s Q1 profits fell 20% despite higher deliveries
The company blamed lower-than-anticipated global sales and its investments in launching new electrified models.
By Eric Walz • May 3, 2024 -
Drew Angerer via Getty Images
Toyota Motor North America creates COO, CSO roles
EVPs Jack Hollis and Chris Reynolds are taking on additional responsibilities as part of the new assignments.
By Haley Cawthon • May 2, 2024 -
Courtesy of Clayco
Rivian reaffirms plans for $5B Georgia EV plant despite construction pause
The electric carmaker emphasized its intention to continue limited site development activity during the pause period, according to a company letter.
By Sebastian Obando • May 1, 2024 -
Bill Pugliano via Getty Images
UAW members at Stellantis plant to vote on strike authorization
The union claims the automaker has failed to resolve health and safety grievances at the Michigan plant.
By Haley Cawthon • May 1, 2024
