The world’s newest automotive group, Stellantis, will start life with a war chest of 17.8 billion euros in cash, but without a published strategic plan as to how it will manage 14 brands across three continents and 400,000 employees – and find 5 billion euros a year in annual synergies. CEO Carlos Tavares told analysts
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Consumer Reports said it is launching a program to add a “CR Recommended” label to vehicles and other consumer products that meet its safety, performance and reliability criteria. The consumer research nonprofit organization — often considered a key influencer in many auto purchasing decisions — said one of the main goals is to break through
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DETROIT — For 76 straight years it was the largest one in the world, but General Motors would rather not be described as simply an automaker anymore. As GM expands into various technologies and transportation services, its executives say an electric delivery van, an insurance quote or even a robotaxi might also come to define
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Americans are afraid to ride in autonomous vehicles, but they’re far more enthusiastic about driving with the help of building-block technologies. That’s the mixed-message takeaway from a AAA survey of consumers on their attitudes toward the influx of technology proliferating in today’s vehicles and future ones. Only 14 percent of respondents told researchers from AAA,
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More restrictive regulations and enhanced enforcement are likely on the horizon for the auto industry under President Joe Biden, which could have a significant impact on the nation’s dealers. But maintaining proper procedures and managing compliance programs in the finance and insurance office should ease anxiety provoked by any uptick in federal scrutiny. Experts from
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Peugeot North America CEO Larry Dominique, who has been leading the French brand’s planned return to the U.S. after a 30-year absence, has been named the North America head of Alfa Romeo. The move, announced Friday, is part of a global reorganization of the Italian brand. Alfa and Peugeot are now part of Stellantis, the
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