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Stellantis Leads in EV Profitability
In the Black: CEO Carlos Tavares announces Stellantis's profitability in EVs in the U.S. and Europe, a standout achievement amidst widespread struggles in EV profitability.
European Success & U.S. Expansion: Stellantis surpasses Tesla in European EV sales; plans to launch over 75 electric models globally by 2030.
Battery Swapping Breakthrough: Stellantis and Ample's battery swapping initiative in Spain may revolutionize EV charging, targeting reductions in wait times and potential expansion to personal vehicles.
Ford's EV Developments
Uncertain Tax Credits for Mach-E: New battery sourcing rules may disqualify Mustang Mach-E from U.S. federal tax credits starting January; eligibility of F-150 Lightning EV under review.
Production and Investment Adjustments: Despite a sales increase, Ford scales back Mach-E production and delays investments due to supply chain challenges.
Urgent Buying Incentive: Ford motivates buyers to purchase before year-end for tax credit benefits and extends incentives for 2023 Mach-E and F-150 Lightning models.
V2H Savings Program: Ford and Resideo Technologies collaborate on a vehicle-to-home program for the F-150 Lightning, aiming to cut electricity costs using smart tech.
GM's Hydrogen Fuel Cell Venture
Zero Emissions Solution: GM's Hydrotec unit will provide hydrogen fuel cells for Autocar's heavy-duty vehicles.
Power Cubes for Heavy Vehicles: Offering 77 kilowatts of power, ideal for applications with less effective BEVs.
Advantages Over BEVs: Hydrogen fuel cells offer faster refueling and longer range, countering issues with heavy batteries and charging times.
Ferrari's Purosangue: Beyond an SUV
DALL-E/Ferrari
Not Your Average SUV: Ferrari unveils the Purosangue, a unique $400,000+ four-door, four-seater, with sales extended to 2026.
Performance and Design: The vehicle features a V-12 engine and balanced weight distribution, offering an unmatched driving experience.
Luxury and Practicality: Despite a more spartan interior, the Purosangue combines luxury with functionality, broadening Ferrari's customer base.
UAW's Nationwide Unionization Efforts
Unionization at VW's Chattanooga Plant: Over 1,000 workers sign union cards, part of UAW's broader strategy to organize nonunion auto sector workers.
Expanding UAW's Reach: Targeting major automakers like Tesla, Toyota, and BMW following successful agreements with Detroit's Big Three.
Volkswagen's Proactive Measures: Pay increases at VW and other foreign automakers, potentially a strategy to discourage unionization.
VW's V2G Tech: Introducing bidirectional charging for EVs like the ID.4, enabling energy storage for home and grid support, with up to 10 kW discharge capacity.
