Markets
Stellantis Unveils $70 Billion Turnaround Plan, Targets Cash Flow Recovery by 2027
Automaker CEO Antonio Filosa announced ambitious five-year strategic plan worth 60 billion euros at investor day Thursday.
Topic
Automotive
11 stories from Planck Standard. Latest: May 21, 2026.
MarketsGM Cuts Hundreds of Salaried IT Workers as Automaker Evaluates Technology Needs
General Motors is laying off hundreds of employees in information technology operations as the company trims costs and reassesses its technology requirements.
BusinessFord Pushes Forward With $30,000 Electric Pickup Despite $20 Billion EV Losses
Automaker remains committed to affordable electric truck launch next year as secret EV unit emerges from development shadows.
MarketsTrump Announces 25% Tariff Hike on European Auto Imports
The president's decision to raise EU auto tariffs comes despite Supreme Court ruling against reciprocal tariff policies and European warnings about trade deals.
PoliticsTrump Threatens Higher Tariffs on European Cars Over Trade Agreement Dispute
President says the European Union is not upholding its part of a trade deal and plans to increase tariffs next week.
MarketsRivian Reaches R2 Production Milestone Ahead of Customer Deliveries
The electric vehicle manufacturer began production of its highly anticipated R2 all-electric vehicle at its Illinois manufacturing facility.
BusinessLucid Names Auto Industry Outsider as CEO, Expands Uber Partnership
Electric vehicle startup appoints former Schindler Group chief Silvio Napoli to lead the company as it seeks to revitalize its struggling business model.
- Business
Humanoid Robots Take Over Manual Jobs at Auto Parts Plant
Schaeffler facility in South Carolina becomes testing ground for humanoid robots performing manual tasks as industry debates workforce displacement.
BusinessVolkswagen Ends Electric Vehicle Production at Tennessee Plant
German automaker becomes latest to scale back EV plans in favor of gasoline models as industry reassesses electric transition.
BusinessSoaring Gas Prices Drive EV Interest as Iran War Impacts Energy Markets
Americans increasingly consider electric vehicles as fuel costs surge, but affordability remains a significant barrier to adoption.
TechHonda Cancels Two Electric Vehicles Developed with Sony Partnership
Major setback for automotive collaboration as Honda abandons joint EV development program with technology giant.
