Legacy Auto's Electric Boogaloo: $55 Billion in EV Investments Go Poof!
Legacy automakers have written off $55 billion in EV investments, citing overestimated demand amidst policy shifts and perceived industry slowness.
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#legacy automakers
3 stories
Stellantis Stumbles in Staggering EV Retreat: Billions Lost and the Hemi Returns!
Stellantis announces a massive $26 billion hit as it retreats from EV production in North America, bringing back ICE powertrains like the Hemi.
Toyota's Two-Timing Move: Electric C-HR for Europe, Hybrids for the US! What's the Play?
Toyota is rolling out its C-HR+ BEV in Europe, while simultaneously investing heavily in expanding hybrid production in the US, showcasing a contrasting global strategy for electrification amid shifting market dynamics.
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