WEATHER ALERT
US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows further
Read full article: US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows further
New vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates.
Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows
Read full article: Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows
Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers.
GM, Stellantis among group investing $33M in company that makes magnets without rare earth metals
Read full article: GM, Stellantis among group investing $33M in company that makes magnets without rare earth metals
The venture capital arms of General Motors and Stellantis are among investors sinking $33 million into a Minnesota company with technology to make magnets for electric vehicle motors without using expensive rare-earth metals.
Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor
Read full article: Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor
Stellantis says it plans to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electric vehicle manufacturer.