Ferrari’s First EV Due in 2025, CEO Elkann Says

Ferrari’s First EV Due in 2025, CEO Elkann Says

Resistance is futile. Already finishing up development of its first SUV, Ferrari Chairman and acting CEO John Elkann told shareholders the automaker will have its first battery-electric vehicle ready to go in 2025. The company previously confirmed it is working up a...
Rising Prices Make Affordability an Issue for Car Buyers

Rising Prices Make Affordability an Issue for Car Buyers

Affordability will become a significant issue for the automotive industry in the not-too-distant future, according to one of the industry’s top analysts. “We’re starting to price people out of the market,” said Carla Bailo, president and chief executive officer of...
Stellantis Expects Fully Electrified Portfolio by 2030

Stellantis Expects Fully Electrified Portfolio by 2030

Stellantis, the new company created by the merger of Fiat Chrysler and PSA, is moving aggressively to prepare for an electrified future, CEO Carlos Tavares said during the company’s first annual meeting this week. During 2021, the newly merged company expects to...
Mercedes Unveils its New All-Electric EQS Flagship

Mercedes Unveils its New All-Electric EQS Flagship

For decades, the Mercedes-Benz S-Class has been the very definition of a premium luxury car — but lately it has become something of an also-ran in a market it long dominated. The king-of-the-hill has been toppled, not by one of its traditional rivals, like the Audi A8...
First Look: 2022 Hyundai Santa Cruz

First Look: 2022 Hyundai Santa Cruz

It’s been six years since Hyundai won raves for the Santa Cruz concept pickup truck and, finally, it pulled the covers off the production model. Think of the 2022 Hyundai Santa Cruz as the world’s first “Sport Adventure Vehicle,” suggested Jose Munoz, CEO of the...
Ford Forced to Shut Down Key Plants Due to Chip Shortage

Ford Forced to Shut Down Key Plants Due to Chip Shortage

Ford Motor Co. plans to shut temporarily assembly plants in Michigan, Illinois, Ohio, Missouri and Kentucky as it continues to grapple with the semiconductor shortage, which has played havoc with production of vehicles since last fall. Meanwhile, the industry, which...

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