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Ontario focuses on being Stellantis’ EV hub

Stellantis last week said it will spend $2.8 billion to retool a pair of assembly plants in Canada in preparation for making electric vehicles.The automaker said it will turn its Windsor and Brampton plants into "flexible, multi-energy…

American Axle’s Q1 net income plunges

American Axle joins much of the automotive supplier base this week in reporting bleak performances for the quarter, underscoring the financial pain that persists among suppliers even as automakers turn significant profits. American Axle…

Ferrari Purosangue SUV will get V-12 power

MILAN — Ferrari's first SUV, the Purosangue, will be powered by the automaker's naturally aspirated 12-cylinder engine. CEO Benedetto Vigna said: "We have tested several options, it was clear that the V-12, for the performance and driving…

BMW posts higher earnings | Automotive News

BMW and its rivals have shifted production to higher-margin models as output has been hampered by the semiconductor shortage and other supply-chain problems. Despite delivering 6 percent fewer cars in the first quarter, BMW's auto revenue…

Stellantis boosts revenue 12% despite chip crunch

MILAN -- Stellantis said sales rose in the first quarter, supported by strong pricing and a strong vehicle mix, and also by favorable exchange-rate effects, but it sees only a partial recovery in microchip supply issues this year. Net…

Ferrari Purosangue SUV will get V12 power

MILAN — Ferrari's first SUV, the Purosangue, will be powered by the automaker's naturally aspirated 12-cylinder engine. CEO Benedetto Vigna said: "We have tested several options, it was clear that the V12, for the performance and driving…

Ferrari opts for V-12 engine for Purosangue SUV

MILAN — Ferrari's first SUV, the Purosangue, will be powered by the brand's powerful 12-cylinder engine when it is launched in coming months, CEO Benedetto Vigna said. "We have tested several options, it was clear that the V12, for the…