Biz Moves

Stellantis Assures Commitment To Maserati, Announces Voluntary Buyout for Workers

Jeep-maker Stellantis is initiating voluntary buyouts for its U.S. salaried workers to cut costs, following earlier layoffs and buyouts. This move is driven by inventory backlog concerns and weakened margins in the U.S. market, aiming to address inflationary pressures. Detailed information will be provided to eligible employees in mid-August.

Additionally, Stellantis dismissed rumors about selling its luxury brand Maserati despite its €82M loss in the first half of the year. Stellantis remains committed to Maserati's future within its 14 brands.

VinFast Is Expanding (Just Not in the U.S.)

VinFast has achieved impressive growth and is expanding globally:

• Delivered 21,747 electric vehicles in the first half of 2024.
• Sales increased by 92% compared to the first half of 2023.
• Plans to deliver around 80,000 vehicles by the end of 2024.
• Delayed the opening of its North Carolina facility to 2028.
• Expanded market entries in Europe, the Middle East, and Southeast Asia.

BYD and Uber Partner to Launch 100,000 EVs Globally

BYD and Uber have partnered to deploy 100,000 electric vehicles on Uber's platform, starting in Europe and Latin America. This partnership aims to make EV adoption more affordable for Uber drivers through competitive pricing and financing, supporting Uber's goal of reducing emissions and promoting sustainable urban transport.