By Nora Eckert DETROIT (Reuters) -Stellantis (STLA) said on Wednesday it is laying off about 1,100 employees at a Jeep Gladiator plant in Toledo, Ohio, as it works to improve efficiency and reduce inventory across its North American operations. The automaker recently shook up its senior management in an attempt to turn around its slipping…
Four major Chinese electric vehicle (EV) makers reported record monthly sales in October, buoyed by surging domestic demand, even as they grappled with barriers to overseas growth amid punitive tariffs levied by the European Union (EU). BYD, the world’s largest EV assembler, sold 502,757 pure-electric and hybrid EVs last month, up 66.5 per cent year…
Good morning! It’s Thursday, October 24, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Tesla Had A Very Interesting Week 1st Gear: Tesla Posts Wildly Good Q3 Results We may all have…
ROME (AP) — Workers in Italy’s troubled automotive sector are holding a national strike on Friday for the first time in 20 years, with a massive demonstration being held in the center of Rome. The strike, called by the sector’s three main unions, comes as tensions rise between global automaker Stellantis and the Italian far-right…
Good morning, Quartz readers! HERE’S WHAT YOU NEED TO KNOW Mark Cuban has words for Elon Musk. Those words are about Donald Trump, and they are: “His loyalty is only to himself.” AT&T is selling its stake in DirecTV AI is going nuclear in Michigan. Plans are being finalized to restart a nuclear reactor to…
The UAW is urging its members at Stellantis to get ready to OK a strike against the automaker. In a letter Friday, UAW President Shawn Fain and Kevin Gotinsky, director of the union’s Stellantis Department, made the case for a strike against the automaker that owns the Jeep, Ram, Chrysler, Dodge and Fiat brands. The…