'You Will Have A Bloodbath': Stellantis' Boss Warning On Tesla-Style EV Price Cuts
"I know a company that has brutally cut pricing and their profitability has brutally collapsed," Stellantis boss Carlos Tavares said of Tesla.
Source: insideevs.com
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Was 2023 a Down Year for EV Sales? They Grew 46% over 2022
Consumer demand for EVs softened, as did media interest. The auto industry ended 2023 with EV inventory of 113 days, compared with 69 days for gas-powered cars.
Source: yahoo.com
Hyundai, Kia are Tesla's biggest competitor in the US
Hyundai and Kia have enjoyed high demand for their EVs
Source: qz.com
Stock Market Has Selective Hearing With the Fed. The Reckoning Is Coming.
Disney gathers allies in boardroom fight with Trian’s Peltz, Microsoft unveils AI button for keyboards, and other news to start your day.
Source: marketwatch.com
Ford reports 7.1% increase in U.S. vehicle sales
Ford's U.S. sales increased about 7% last year, marking the automaker's best sales since 2020 but coming in lower than the overall industry's growth.
Source: cnbc.com