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Stellantis scraps Jeep, Chrysler plug-in hybrid vehicles amid EV slowdown, recall

Stellantis scraps Jeep, Chrysler plug-in hybrid vehicles amid EV slowdown, recall

Business News / Leave a Comment

The Camp Jeep outdoor terrain at the New York International Auto Shown on April 16, 2025. Danielle DeVries | CNBC DETROIT – Stellantis is scrapping its plug-in hybrid electric Jeep SUVs and Chrysler minivan amid slowing EV sales, quality issues and weakened federal fuel economy requirements. The automaker on Friday said the decision to end […]

Stellantis scraps Jeep, Chrysler plug-in hybrid vehicles amid EV slowdown, recall Read More »

GM to record .1 billion in fourth-quarter charges due to EV pullback, China restructuring 

GM to record $7.1 billion in fourth-quarter charges due to EV pullback, China restructuring 

Business News

GM Hummer EV production in Detroit. Photo by Jeffrey Sauger for General Motors DETROIT – General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year related to its pullback in electric vehicles and restructuring efforts in China. The Detroit automaker said in a public filing that

GM to record $7.1 billion in fourth-quarter charges due to EV pullback, China restructuring  Read More »

Used vehicle pricing expected to increase 2% in 2026, a historically stable rate

Used vehicle pricing expected to increase 2% in 2026, a historically stable rate

Business News

A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT – Prices of used vehicles are expected to rise this year but at a historically stable rate, according to auto data and insights firm Cox Automotive. Cox on Thursday

Used vehicle pricing expected to increase 2% in 2026, a historically stable rate Read More »

Inside Wealth: California’s controversial wealth tax proposal leaves billionaires with little way out

Inside Wealth: California’s controversial wealth tax proposal leaves billionaires with little way out

Business News

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The proposed California billionaire tax includes a special provision that makes it highly unlikely that anyone who wants to leave the state could

Inside Wealth: California’s controversial wealth tax proposal leaves billionaires with little way out Read More »

Ford enters race to offer eyes-off driving tech, starting with ,000 EV in 2028

Ford enters race to offer eyes-off driving tech, starting with $30,000 EV in 2028

Business News

Jim Farley, president and chief executive officer of Ford, speaks at the Ford Motor Co.’s Kentucky Truck Plant to launch the 2025 Ford Expedition, in Louisville, Kentucky, April 30, 2025. Carolyn Kaster | AP Ford Motor plans to introduce eyes-off driving technology on an upcoming $30,000 all-electric vehicle in 2028, the Detroit automaker announced Wednesday.

Ford enters race to offer eyes-off driving tech, starting with $30,000 EV in 2028 Read More »

Avelo Airlines to end ICE deportation charters as it cuts commercial flights, jobs

Avelo Airlines to end ICE deportation charters as it cuts commercial flights, jobs

Business News

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021. Patrick T. Fallon | AFP | Getty Images Avelo Airlines will stop flying deportation flights for the U.S. government and will also cut commercial routes and reduce

Avelo Airlines to end ICE deportation charters as it cuts commercial flights, jobs Read More »

Tesla CEO Musk brushes off Nvidia self-driving competition as 5 or 6 years away

Tesla CEO Musk brushes off Nvidia self-driving competition as 5 or 6 years away

Technology News

Elon Musk, chief executive officer of Tesla Inc., left, and Jensen Huang, chief executive officer of Nvidia Corp., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Stefani Reynolds | Bloomberg | Getty Images Tesla CEO Elon Musk said Tuesday that it will take several years

Tesla CEO Musk brushes off Nvidia self-driving competition as 5 or 6 years away Read More »

American Airlines keeps frequent flyer status requirements the same, following rivals

American Airlines keeps frequent flyer status requirements the same, following rivals

Business News

Joe Raedle | Getty Images News | Getty Images American Airlines said Wednesday that it will keep the spending requirements to Earn elite frequent flyer status in 2027 steady for a third consecutive year as the carrier courts higher-spending travelers and tries to catch up to industry profit leaders Delta Air Lines and United Airlines.

American Airlines keeps frequent flyer status requirements the same, following rivals Read More »

Alaska Airlines buys more than 100 Boeing jets in carrier’s biggest order ever

Alaska Airlines buys more than 100 Boeing jets in carrier’s biggest order ever

Business News

An Alaska Airlines Boeing 737 MAX 9 departs Los Angeles International Airport en route to Puerto Vallarta, Mexico, Sept. 19, 2024. Kevin Carter | Getty Images Alaska Airlines is buying more than 100 Boeing jets, a purchase that the carrier’s fleet chief said will ensure it has locked in sought-after order slots through the middle

Alaska Airlines buys more than 100 Boeing jets in carrier’s biggest order ever Read More »

Air taxi maker Joby buys new Ohio factory, more than doubles manufacturing footprint as it vies for FAA approval

Air taxi maker Joby buys new Ohio factory, more than doubles manufacturing footprint as it vies for FAA approval

Finance News

An electric air taxi by Joby Aviation sits at the Downtown Manhattan Heliport in New York City, Nov. 12, 2023. Roselle Chen | Reuters Joby Aviation on Wednesday said it bought a 700,000-square-foot manufacturing facility in Dayton, Ohio, as the air taxi maker gears up to meet its production goals for electric vertical takeoff and

Air taxi maker Joby buys new Ohio factory, more than doubles manufacturing footprint as it vies for FAA approval Read More »

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