Stellantis lays off salaried staff citing uncertainty in EV transition

[ DETROIT – Jeep maker Stellantis is shedding about 400 white-collar staff within the U.S. because it offers with the transition from combustion engines to electrical autos. The corporate, fashioned by the 2021 merger between PSA Peugeot and Fiat Chrysler, stated staff are primarily in engineering, expertise and software program at its headquarters and technical … Read more

Why BMW EVs, fuel vehicles sharing similar platform is the 'proper answer' for purchasers?

[ German luxurious model BMW on Thursday introduced full-year 2023 outcomes, with world deliveries rising 6.4% to 2.554 million models. BMW's world income rose 9% to 155.5 billion euros, with automotive EBIT margin climbing 9.8%. Moreover, BMW stated world EV gross sales rose 74.2% to 375,000 models. BMW's success with EVs, which comes amid weak … Read more

Off-track controversies from F1 to Australian Grand Prix

[ MELBOURNE, Australia – For the third consecutive System 1 Grand Prix, off-track controversies threaten to eclipse the virtually predictable motion on it. Information got here forward of the Australian GP this week that the FIA's Ethics Committee had cleared its chairman Mohammed Ben Sulayem of “any interference” at two F1 occasions final yr, with … Read more