First Shift: Suppliers slash spending as they brace for weak new-vehicle sales
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Suppliers used to tout how much they were spending on new EV programs. That's not the case anymore, especially given high uncertainty in the new-vehicle market this year.
The CEO’s pay dropped last year after rising 56 percent in 2023 to €36.49 million ($38 million).
For 2025, Stellantis is looking to right itself with more conservative financial targets, more decision-making authority for regional leadership and a willingness to invest in sales growth instead of just cutting costs.
Ford tested a distribution model for the F-150 Lightning EV that involved storing inventory at central hubs, but early hiccups and dealer skepticism prompted Ford to reverse the plan.
The previously unreported application suggests Tesla is working to launch a promised ride-hailing business in the near term.
