AD #3826 - Ford’s EV and Hybrid Sales Up 65%; Manchin Urges Automakers to Sue Treasury Department; Stellantis Tells Suppliers to Cut Prices
About this episode
Carlos Tavares of Stellantis demands suppliers cut costs by 30% to compete with Chinese EV makers, even halting a battery plant project to focus on cheaper cells. Senator Joe Manchin criticizes US Treasury for allowing China-sourced EV materials, urging automakers to sue, though automakers seem unlikely to act. Chinese EV makers Li Auto and Nio face contrasting sales forecasts amid growing battery swapping networks. Volvo starts production of its electric EX90 SUV in South Carolina, while Ford reports a 65% increase in EV and hybrid sales. BMW unveils a revamped 1 Series, and Volkswagen delays its ID.7 launch but expands its lineup. The episode also touches on Tesla's chip priorities and a new industry report ranking top automakers.
Plymouth GTX
"...on the WLTP cycle. There's a Wagon version of the GTX as well, but that extra weight slows it down by a..."
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