Stellantis, the parent company of brands like Chrysler, Dodge, and Jeep, has reported its first annual net loss since its founding, attributed to its EV strategy. The automaker has walked back its plans to focus on electric vehicles, instead opting to concentrate on gas-powered models with powerful engines, such as the Hemi V8 and turbo-sixes, in trucks, SUVs, and muscle cars. The shift in strategy is a significant departure from Stellantis' previous plans, which included a significant investment in electric vehicle technology. The company's decision to focus on gas-powered models has been met with skepticism by some analysts, who argue that the market is shifting towards electric vehicles. Meanwhile, Porsche's three-row SUV, codenamed K1, was initially planned to be all electric but will now be gas-powered with a V6 or V8 engine. The SUV is expected to arrive as a sportier twin to the upcoming Audi Q9. Nissan is reportedly ...
Stellantis, the parent company of brands like Chrysler, Dodge, and Jeep, has reported its first annual net loss since its founding, attributed to its EV strategy. The automaker has walked back its plans to focus on electric vehicles, instead opting to concentrate on gas-powered models with powerful engines, such as the Hemi V8 and turbo-sixes, in trucks, SUVs, and muscle cars.
The shift in strategy is a significant departure from Stellantis’ previous plans, which included a significant investment in electric vehicle technology. The company’s decision to focus on gas-powered models has been met with skepticism by some analysts, who argue that the market is shifting towards electric vehicles.
Meanwhile, Porsche’s three-row SUV, codenamed K1, was initially planned to be all electric but will now be gas-powered with a V6 or V8 engine. The SUV is expected to arrive as a sportier twin to the upcoming Audi Q9.
Nissan is reportedly planning to launch two different variants of the Pathfinder, a mid-size SUV, with one being a unibody model and the other a body-on-frame off-road model. The off-road variant is expected to be more expensive and premium than the current model.
In other news, Volvo’s 2027 EX30 is getting a few mild updates, including vehicle-to-load (V2L) capability, which allows the car to power devices via an adapter using the high-voltage battery pack.
The automotive industry is facing significant challenges, including increasing competition from electric vehicle manufacturers and growing concerns about climate change. As a result, Stellantis’ decision to focus on gas-powered models may be seen as a strategic move to adapt to changing market conditions.
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