The EV retreat deepens with $26 billion write-down from Jeep-maker Stellantis

Tech Insider : Business, Technology
A red Jeep Wrangler SUV drives over a wooden maneuverability course during the Detroit Auto Show.
Jeep-maker Stellantis has been re-evaluating its EV lineup. The change of plans will cost the company $26 billion.

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Jeep Compass e-hybrid
Jeep Compass e-hybrid.

Stellantis

Black, white, and boring: the monochroming of America's cars

Tech Insider : Economy
Illustration of gray cars.

Pete Ryan for Business Insider

Buying a used car? These brands make the most reliable options, experts say

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2019 Lexus ES
A 2019 Lexus ES350.

Lexus

An $88 billion auto giant laid off 400 workers remotely in a move likened to ending a marriage by video call

Tech Insider
The logo of Stellantis is seen on the company's building in Velizy-Villacoublay near Paris, France, March 19, 2024.
Stellantis laid off 400 workers in its technology, engineering, and software departments in the US.

Gonzalo Fuentes/Reuters

Elon Musk says the UAW's strike demands will drive America's big 3 automakers 'bankrupt'

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Elon Musk Tesla
Elon Musk is CEO of Tesla.

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The UAW strike and the inexorable math of electric vehicles

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Robots during the production of the Tesla Model Y in the Tesla Gigafactory in Grünheide, Germany, October 2021.
Robots during the production of the Tesla Model Y in the Tesla Gigafactory in Grünheide, Germany, October 2021.

Patrick Pleul/picture alliance via Getty Images

Jeep-maker Stellantis is offering buyouts to some of its most senior employees — and blaming it on EVs

Tech Insider
An employee at FCA’s Toledo North Assembly Plant works on the 2021 Jeep Wrangler 4xe.
Jeep-maker Stellantis is offering buyouts to thousands of employees.

Stellantis

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