Carlos Tavares, CEO of Stellantis—the automotive giant behind brands like Chrysler, Vauxhall, Jeep, Fiat, and Peugeot—has stepped down with immediate effect. His sudden departure comes just two months after Stellantis issued a profit warning, highlighting challenges within the company. The announcement follows last week’s controversial decision to shut down the Vauxhall van manufacturing plant in … Read more
Japanese automaker Nissan announced on Thursday that it would cut 9,000 jobs as part of urgent measures to address “a severe situation,” alongside lowering its annual sales forecast. The company reported a steep 93 percent drop in net profit for the first half, with CEO Makoto Uchida attributing much of the decline to weak sales … Read more
US and China clash over electric vehicle dominance Chinese EV companies, like BYD, challenge Western automakers Concerns rise over trade barriers, innovation, and data security EKO HOT BLOG reports that In the ongoing disputes between the United States and China, electric vehicles (EVs) play a significant role. EDITOR’S PICKS JAMB And Candidates: A Case Study … Read more
BYD unveils Denza Z9GT, its first premium sedan, challenging established luxury brands. Denza’s success crucial to BYD’s global ambitions amid competitive EV market. Cost control and innovation drive BYD’s strategy in expanding premium vehicle lineup. EKO HOT BLOG reports that Chinese EV manufacturer BYD is set to unveil its premium brand’s inaugural sedan, the Denza … Read more