Ford scraps F-150 Lightning, takes $19.5B hit as EV demand declines
On the Dash:
Ford has canceled the successor to the F-150 Lightning, known as the T3 truck, and has shelved its plans for electric vans, shifting its focus to a...
TSLA378.6702.37%
GM77.960-0.09%
F12.4950.115%
RIVN16.7200.2%
CYD41.830-0.41%
HMC24.3700.03%
TM192.170-0.15%
CVNA406.970-2.11%
PAG160.140-0.28%
LAD276.8601.94%
AN204.0000.93%
GPI339.520-1.87%
ABG200.030-3.03%
SAH71.580-0.26%
TSLA378.6702.37%
GM77.960-0.09%
F12.4950.115%
RIVN16.7200.2%
CYD41.830-0.41%
HMC24.3700.03%
TM192.170-0.15%
CVNA406.970-2.11%
PAG160.140-0.28%
LAD276.8601.94%
AN204.0000.93%
GPI339.520-1.87%
ABG200.030-3.03%
SAH71.580-0.26%
TSLA378.6702.37%
GM77.960-0.09%
F12.4950.115%
RIVN16.7200.2%
CYD41.830-0.41%
HMC24.3700.03%
TM192.170-0.15%
CVNA406.970-2.11%
PAG160.140-0.28%
LAD276.8601.94%
AN204.0000.93%
GPI339.520-1.87%
ABG200.030-3.03%
SAH71.580-0.26%
EV news
Stellantis launches internal “emergency room” to streamline operations
On the Dash:
Stellantis CEO Antonio Filosa is prioritizing sales growth over profits, including lower-margin fleet sales and affordable models.
Brand trimming is most likely in Europe, while U.S. brands...
Tesla shares surge toward record as AI optimism fuels rally
On the Dash:
Tesla shares closed near a record high after more than doubling from April lows.
Investor optimism around AI and automation is driving the rally more than EV...
EU weighs easing 2035 combustion-engine ban as automakers seek relief
On the Dash:
EU officials are considering loosening the 2035 ban on combustion engines, including a possible five-year extension, amid industry pressure and job concerns.
Automakers warn current rules could...
US DOE trims $9.6B loan as Ford, SK On end EV battery partnership
On the Dash:
DOE will cut the $9.6B loan to Ford and SK Innovation following the breakup of their EV battery joint venture.
SK On will take control of the...
Global EV sales slow to 6% in November
On the Dash:
U.S. EV sales have declined since federal tax credits ended, signaling slower demand for dealerships in North America.
Europe remains a growth hotspot, with registrations up 36%...
Tesla sales slump 23% in November as Standard EV demand underperforms
On the Dash:
Tesla’s U.S. November sales dropped 23% to 39,8000 vehicles, the lowest since January 2022.
Lower-cost Standard Model 3 and Model Y variants failed to drive robust demand.
...
Ford Pro launches Telematics asset tracking and software upgrades for year-end fleet efficiency
On the Dash:
Ford Pro has launched new Telematics features, including Asset Tracking, which enhances GPS tracking, battery monitoring, and overall fleet visibility.
The latest software updates provide improvements in...
Rivian unveils custom self-driving chip and Autonomy+ package, shares drop 8%
On the Dash:
Rivian unveiled its first custom self-driving chip and a lower-cost Autonomy+ driver-assistance package.
Autonomy+ costs $2,500 or $49.99/month, far below Tesla’s $8,000/$99 options, and supports 3.5M miles...
Ford, SK On end US battery joint venture amid EV slowdown
On the Dash:
SK On and Ford are splitting U.S. battery plants; Ford takes Kentucky, SK On takes Tennessee.
SK On shifts focus to energy storage to offset weaker EV...
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