President Trump to finalize rollback of key EPA climate rule on Thursday
“This week at the White House, President Trump will be taking the most significant deregulatory actions in history to further unleash American energy dominance and drive down costs,” White House spokeswoman Karoline Leavitt. (3 min. read)
EV strategy reversals are costing global automakers over $50 billion
The charges reflect the cost of “overestimating” the adoption of EVs and the impact of previous “poor operational execution,” said Stellantis CEO Antonio Filosa. (3 min. read)
Tim Kuniskis on why Stellantis is walking away from plug-in hybrids in the U.S.
Automakers built battery capacity for demand that was “artificially inflated” rather than true customer pull, which is why major write-offs are happening, Kuniskis told KBB. (4 min. read)
Automakers disagree on path forward for USMCA renewal
Donald Trump has said he might consider letting the USMCA expire, calling the agreement “irrelevant," and saying that it's more beneficial to Canada. (3 min. read)
Affluent shoppers take growing share of new-car sales
“We have a different vehicle buyer today than we had just a few years ago,” Cox Automotive senior economist Charlie Chesbrough said at a recent event. (3 min. read)
Tesla targets trillion-dollar robotics future as EV growth softens
The company is expected to spend more than $20 billion in 2026 to build factory capacity and invest in AI infrastructure, according to CFO Vaibhav Taneja. (3 min. read)
Rivian backs ballot measure to expand direct-to-consumer EV sales in Washington
To qualify for the ballot, the measure must gather at least 308,911 voter signatures by early July to submit to the secretary of state’s office. (3 min. read)
