The Ford F-150 Lightning is canceled, as is its fully electric replacement, codenamed “T3.” Meanwhile, China’s EV and PHEV options keep making inroads in cheap segments across the globe. Ford’s Universal EV Platform is still on track to launch in 2027. The F-150 Lightning will gain a gas engine. An American-made commercial electric van has…
When Audi executives first encountered the Zeekr 001 in 2021—a long-range electric vehicle with European styling—it served as a stark wake-up call for the premium German automaker. Chinese technology was needed to compete with Chinese rivals. “The Zeekr 001 back then shocked quite everyone,” said Stefan Poetzl, president of SAIC Audi Sales and Marketing. “We…
By Dominique Patton (Reuters) -Shares in Renault plunged as much as 18% on Wednesday after the French automaker surprised investors with a profit warning just a month after CEO Luca de Meo announced his departure. The company said late on Tuesday that June sales volumes were weaker than expected and it was now aiming for…
By Dominique Patton PARIS (Reuters) -Renault named its finance chief Duncan Minto as interim CEO on Tuesday, and said it will step up cost cutting measures after cutting its forecast for full year operating margins following a worse than expected performance in June. Renault said it now aims to achieve a full year operating margin…