Stellantis
Franco-Italian-American multinational automotive manufacturer
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Stellantis and Microsoft Expand 5-Year AI Partnership, Target 100+ Initiatives and Data Center Cuts
Stellantis and Microsoft have renewed and expanded their five-year partnership, focusing on over 100 AI initiatives, cybersecurity, and a key goal to cut data center usage by 60% by 2029. This development underscores their commitment to innovation and sustainability in the automotive industry.
US new car prices jump 30% in six years, nearing $50K on SUV demand
US new car prices have increased by 30% over the past six years, reaching nearly $50,000, due to SUV popularity and supply disruptions. Consumers now face higher costs and longer loans, impacting affordability amid inflation.
Lamborghini Cancels Electric Supercar Plans Amidst Near-Zero Demand
Lamborghini has canceled its all-electric supercar project, citing minimal buyer interest. The decision highlights the hurdles luxury automakers encounter in fully transitioning to EVs.
Stellantis Faces Crisis Over EV Strategy Amid Chrysler Decline in Mexico
Two major issues are converging for Stellantis: a decline in Chrysler's presence in Mexico and internal struggles over its EV plans. Chrysler cars have all but disappeared from Mexican streets, indicating a shrinking market share. Meanwhile, Stellantis faces a broader crisis tied to its investments and strategies in EVs, amid rival companies' financial struggles.