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Stellantis Investors Fume Over CEO Pay Amid Job Cuts, Plant Closures, Supplier Strife

The Truth About Cars

Stellantis CEO Carlos Tavares’ pay increase has annoyed a subset of shareholders as the automaker positions itself for more layoffs and attempts to shift the production of electric vehicles to countries where labor is cheaper. With the company vowing to shift to all-electric vehicles, many long-held business relationships are falling apart.

Legal 116
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Peugeot sees robust orders, rolls out EV subscriptions in Europe

Baua Electric

Peugeot lately has a “healthy” form store and is taking a look to make bigger electric-vehicle choices at the same time as indicators mount that auto call for is softening international, Linda Jackson, the emblem’s CEO, stated. The emblem has refuse plans to go into the U.S.

Europe 52
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Chinese-made cars account for one in five BEV sales in February in Europe | Autocar Professional

Baua Electric

However, Battery Electric Vehicles (BEVs) are not driving growth as they historically have done. While we’re seeing a clear decline in demand for diesel models, drivers are opting for gasoline alternatives, rather than switching to electric.” This comes despite the ongoing geopolitical tensions across the continent.”

Chinese 52
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COP26 declaration on accelerating the transition to 100% zero emission cars and vans

Green Car Congress

We will support efforts to achieve the road transport breakthrough announced by world leaders, which aims to make zero emission vehicles the new normal by making them accessible, affordable and sustainable in all regions by 2030. … Unilever; Vattenfall; Zenith; Zurich. Financial institutions: Aviva; NatWest.

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Mercedes-Benz introduces its mid-size pickup truck: the X-Class leans on diesel

Green Car Congress

Mercedes-Benz has unveiled its new pickup truck—the first from a premium manufacturer—the X-Class. The pickup is being manufactured in a production cooperation with the Renault-Nissan Alliance. This affords Mercedes-Benz fast and cost-efficient entrance to the high-growth segment of mid-size pickups.

Mercedes 170