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Dana closes Auburn Hills plant, lays off 200 amid post-subsidy EV downturn
Dana Inc. has closed its Auburn Hills plant in Michigan, laying off at atleast 200 employees due to a slump in electric vehicle demand in the U.S. following the expiration of the federal tax credit. D...
Ford drops $7,500 EV lease credit as subsidy ends
Ford Motor, a Michigan-based automobile manufacturer, has withdrawn an initiative that allowed dealers to offer a $7,500 tax credit on electric vehicle (EV) leases. The automaker made this decision af...
Ram stops plans to develop 1500 REV electric pickup
The Ram automaker has officially canceled the production of the electric Ram 1500 pickup truck due to slow consumer demand in North America. Production of the full-size EV pickup had been delayed sinc...
BYD publicly challenges Stellantis CEO Carlos Tavares on how Stellantis is outperforming competitors in EV sales
The rivalry between BYD and Stellantis is intensifying with a recent dispute centering on conflicting claims about EV sales performance, market positioning, and the accuracy of reported figures. Elect...