Elon Musk says future is autonomous, $25K EV “pointless”
Tesla EV with starting price of $25,000 no longer planned Elon Musk calls such a model “pointless” Tesla now focused on Cybercab robotaxi with starting price below $30,000 Tesla CEO…
Read More »Stellantis confirms CEO Carlos Tavares leaving in 2026
Stellantis CEO Carlos Tavares to retire in 2026 Stellantis already searching Tavares’ successor Stellantis initiates leadership change to turn around poor performance in North America Stellantis on Thursday confirmed that…
Read More »Michael Jordan’s NASCAR team is suing the sport
Two top NASCAR teams including one backed by NBA superstar Michael Jordan are unhappy with the racing series’ current operations and have decided to sue both the series and CEO…
Read More »Stellantis starts search for CEO Carlos Tavares’ successor
Stellantis is searching for a successor to current CEO Carlos Tavares, whose contract is set to expire in early 2026. The information was first reported on Tuesday by Bloomberg, citing…
Read More »Ineos Grenadier production stopped, possibly into 2025
The U.K.’s Ineos has been forced to cease production at its plant in Hambach, France, due to financial trouble at one of its suppliers. The news was first reported on…
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Superyacht sinking: ‘Why did no one go out to sea?’ chief executive of The Italian Sea Group asks
The chief executive of The Italian Sea Group, which makes and sells vessels like the Bayesian, has questioned why its crew were not in a “state of alert” when a…
Read More »Polestar’s new CEO comes from Vinfast and Opel
There’s been a change in leadership at Polestar. The Swedish performance EV marque on Wednesday named industry veteran Michael Lohscheller as its CEO. He replaces Thomas Ingenlath who has resigned…
Read More »Electric Mercedes-Benz C-Class and GLC-Class arrive in 2026
Electric versions of the Mercedes C-Class and GLC-Class will go on sale in 2026 Mercedes CEO Ola Källenius confirmed the electric luxury vehicles on an earnings call last week The…
Read More »Stellantis ready to drop underperforming brands
Stellantis’ CEO said he’ll shut down brands that aren’t performing In 2021 Stellantis committed to 10-year investments for each of its brands Stellantis’ net profits for the first half of…
Read More »Volvo needs to keep plug-in hybrids or “will die,” according to dealers
Volvo’s CEO said mild- and plug-in hybrids are a bridge technology for EVs Volvo will continue to invest in plug-in hybrids despite planning for an EV-only lineup Dealers said Volvo…
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