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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 The lesson is to not focus so much on Tesla and more on its own products. Teslarati is now on TikTok.

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Auto Industry Strike: UAW and Big Three Fail to Agree on Terms

The Truth About Cars

Last night, the Union launched a strike against Ford, GM, and Chrysler/Stellantis, taking almost 13,000 workers off production lines and factory floors across the country. After weeks of speculation over whether the UAW and Big Three automakers would come to an agreement, we have our answer: They didn’t.

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. In terms of annual EV production, Europe’s 1.1 Source: The ICCT. million nearly matched China’s 1.27

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ISU study finds large potential for biobased materials in auto industry, but with challenges

Green Car Congress

To create the largest impact, the researchers concluded, emphasis should be placed on the largest producers of vehicles; the five largest producers of automotive vehicles in the United States are General Motors, Ford, Toyota, Chrysler, and Honda. Examples of biobased parts in production. The production of these tires uses less energy.

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Chrysler Group in 5-year, $18.2M partnership with McMaster University to develop advanced electric and hybrid powertrains; funding from Canadian Government

Green Car Congress

Chrysler Group LLC has entered a 5-year, $18.2-million For McMaster, the project partnership is one of three new partnerships with Chrysler, the federal government and other auto industry leaders worth a combined $24 million. Chrysler Group will invest $9.25

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Stellantis looks to invest $2.8B in Canada to boost electric vehicle production

Teslarati

billion at two of its Canadian vehicle production plants as part of a dedicated EV and software push. We’re building a world-class Canadian auto industry, an innovative economy and a clean, strong future for everyone. in Canada to boost electric vehicle production appeared first on TESLARATI.

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Stellantis sees a drop in Q1 2024 revenue, ahead of BEV launches

Teslarati

The multinational automaker and Dodge-Chrysler parent company says the drop was due to its transitioning product portfolio as it prepares to launch additional battery-electric vehicles (BEVs) and due to other economic headwinds. In a press release shared on Tuesday, Stellantis reported that it reached a Q1 net revenue of €41.7

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