The planned cost reductions are not enough. VW claims more cuts are needed across the lineup and platforms. U.S. tariffs and Chinese competition are hurting business. The Volkswagen Group is in the midst of a large-scale restructuring plan that will wipe out tens of thousands of jobs in Germany by the end of the decade. …
General Motors CEO Mary Barra said she is currently driving a GMC Hummer EV SUV. She says it’s ‘a great performance vehicle.’ The top 3X trim costs $107,995 and can deliver up to 1,160 horsepower. Mary Barra has been the CEO of General Motors since 2014. In that time, the automaker has built …
Modern CEOs make staggering amounts of money. The head honchos at some of the world’s biggest tech and entertainment companies rake in compensation packages worth tens—or even hundreds—of millions of dollars annually. The CEOs of America’s biggest automakers were no exception in 2025. Even with mixed financial results across the industry, CEOs at companies like …
Stellantis is apparently shifting focus to brands that “really matter.” Future investments could center around Jeep, Ram, Peugeot, and Fiat. None of the 14 automakers part of Stellantis is facing retirement, at least for now. When Stellantis was created in 2021 following the PSA-FCA mega-merger, Carlos Tavares vowed to keep all 14 brands and secure their …
Porsche will divest from Bugatti Rimac and Rimac Group. It is selling its stake in both companies to a New York-based consortium. Porsche and Rimac Group established Bugatti Rimac in 2021, with Porsche taking a 45 percent stake in the new company. Porsche’s involvement with Bugatti Rimac and Rimac Group is over. The automaker …
Nissan’s struggles have been well documented, but CEO Ivan Espinosa has a plan to turn things around. At this year’s “Nissan Vision” outlook event at the company’s headquarters in Yokohama, Japan, the automaker shared new details on how it plans to right the ship. As with many things in 2026, it all starts with artificial …
McLaren will announce its comeback plans this summer. CEO Nick Collins said the company will ‘start to unpack’ its plans in just a few months. That should include new combustion performance cars and an SUV. The future of McLaren has been murky. After the automaker’s sale in 2024 and the appointment of a new CEO …