Porsche Slashes 500 Jobs, Shuts EV Divisions in Major Restructuring Amid Weak Demand
Porsche is cutting over 500 jobs and shutting down several electric-focused subsidiaries, including Cellforce Group and Porsche eBike Performance, as...
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Honda Slashes EV Spending, Delays Key Models Including Accord, Odyssey, and MDX
Honda and Acura are extending the lifecycles of several popular models, including the Accord, Odyssey, and MDX, due to a $15.9 billion loss from its f...
Stellantis Narrows Focus: Jeep, Ram, Peugeot, and Fiat Get Priority Over Dodge and Others
Stellantis CEO Antonio Filosa is set to prioritize four brands—Jeep, Ram, Peugeot, and Fiat—under a new strategy, redirecting major investments while...
Ford CEO Jim Farley Explains Why BYD Outperforms Tesla in EV Strategy
Ford CEO Jim Farley revealed he tested the Xiaomi SU7 instead of a Tesla in 2024, citing Tesla’s lack of fresh models. His remarks highlight Ford’s st...