Once the Volvo takes the lead, the Polestar usually follows. But that’s not the case this time, as C/D drove the new Polestar 3 (in prototype condition) before experiencing the closely related Volvo EX90. The complete version of Polestar’s all-electric SUV will arrive in the U.S. late next year, with the EX90 also expected to go on sale later this Read More
The 2023 United Auto Workers (UAW) strike against Ford, General Motors and Stellantis has finally ended after two months of grueling posturing, negotiations and work stoppages aimed at inflicting maximum suffering. . UAW President Sean Fein first announced the tentative agreement with Ford on October 25th. Stellantis followed suit a few days later. Source: Car and Driver
Justin Sullivan/Getty Images News Tesla, Inc. (NASDAQ:TSLA) had a very disappointing September quarter, falling short of consensus expectations for both revenue growth and profitability. While a quarterly consensus miss shouldn’t be a major headwind for most companies, this miss is likely to be a big negative for Tesla. Source: seekingalpha.com
Volvo said that despite high electric vehicle delivery rates in the second quarter of 2023, EV margins declined due to higher lithium prices. But that is expected to change with the arrival of the Volvo EX30, Volvo’s smallest and cheapest electric SUV. Volvo doubled its EV sales in 2022 in a breakout year that included record total sales of $32 Read More