Stellantis to Pause Production at Five Factories Amid Battery Shortage and Slowing Demand
Stellantis will temporarily stop production at five of its factories in France and Italy due to a shortage of large-capacity…
Tag: Business
US Proposal to Block Chinese Cars Could Impact Mercedes, Volvo, Aston Martin, and Lotus
The United States is working on a law aimed at limiting the presence of Chinese vehicles and technology in its…
Varta Enters Insolvency After 139 Years Amid Loss of Key Client and Rising Competition
Varta, a historic name in the German battery industry, has filed for insolvency following financial struggles that have endured despite…
Nissan Warns Chinese Carmakers Could Begin Production in Mexico Within Three Years
Nissan has issued a warning to the auto industry about the rising challenge posed by Chinese automakers. According to Nissan…
Toyota Faces Continued Sales Slump with China Declining for Seventh Month
Toyota and its luxury brand Lexus saw a global sales drop in August, with a significant decline in China marking…
Stellantis Shares Climb Over 2% Amid Ongoing Corporate Restructuring
Stellantis’ stock gained more than 2% on the morning of September 28, outperforming several key European indexes. The uptick marks…
Stellantis Suspends Hiring at Auburn Hills After Recent Engineering Growth
Stellantis has paused new hiring for technical and salaried roles at its North American headquarters in Auburn Hills, Michigan. This…
Stellantis Shares Drop to New Low Amid Investor Concerns
Stellantis faced another sharp decline in its share price on September 24, dropping below €4 for the first time in…
BYD Nears Ford in European Car Sales as Chinese Brands Gain Ground
Chinese automaker BYD is closing in on Ford’s position in Europe, showing significant growth in registrations through August 2024. New…
Land Rover Offers 405-HP V8 Upgrade for Classic Defender 90 and 110
Land Rover has introduced a new upgrade for Defender owners who want more power in their classic models. The company’s…