Tariffs:
New U.S. tariffs threaten to significantly increase car prices and disrupt the supply chain, potentially leading to delays.
GM:
GM is trimming its 2024 EV forecast due to slower-than-expected demand. The company also announced a new $6 billion share buyback authorization.
Fisker:
Fisker, the electric vehicle maker, has filed for bankruptcy due to cash burn and quality issues with its Ocean crossover.
Software-Defined Vehicles:
Automakers are facing challenges in managing software-defined vehicles at scale.
Toyota:
Shareholders are criticizing Toyota amidst an ongoing scandal, according to Automotive News.
Scout:
The revival of the Scout brand is preserving its heritage through innovation.
Renault CEO:
Renault's CEO, Luca de Meo, is leaving to potentially head Gucci-owner Kering.
Tesla:
Tesla is upgrading its Model S and X cars in the US and raising prices by $5,000, according to Reuters.
Jeep:
The Hemi-powered Jeep Wrangler 392 is returning in 2025, according to Automotive News.