Joseph Szczesny

Stellantis appears to be feeling the pressure from the union as it announces plans to invest more than $406 million in three Michigan plants “to execute (a) multi-energy strategy,” which calls for producing battery-electric, hybrid and internal-combustion vehicles.

“EVs are proving for us to be a growth market,” GM President Mark Reuss says, noting 60% of buyers are new to GM.

Chief Financial Officer Paul Jacobson says GM is maintaining strong pricing compared to the industry while the company’s highly profitable fullsize pickup and fullsize SUVs continue to gain market share in their respective segments.

CEO Elon Musk promises Tesla will put more-affordable vehicles on the market in the first half of next year.

Toyota Motor North America’s David Christ says the automaker is committed to an electrification strategy that it will pursue regardless of changes in the political landscape stemming from Republican President-elect Donald Trump’s victory.

“Today, Chinese automakers have come of age and represent as much of a disruptive force now as Japan, Hyundai and Tesla have in previous generations,” AlixPartners consultant Stephen Dyer says.

Elaine Buckberg, the former chief economist at General Motors, says that contrary to common belief, the adoption of battery-electric vehicles actually could lead to the creation of more jobs.

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If you're wondering just how bad things got for Stellantis last year, consider the fact that its Ram pickup fell off the podium, losing its traditional third-place position in the U.S. sales race – behind the Ford F-Series and Chevrolet Silverado – to Toyota's RAV4 SUV. Overall, the Euro-American automaker was one of only two manufacturers to report a decline in sales in 2024 and faces serious challenges to turn things around in 2025.

Elon Musk raised $250 million for Trump’s campaign. But the billionaire owner of SpaceX and automaker Tesla faces a tough challenge balancing the president-elect’s disdain for battery-electric vehicles and Tesla’s need for continued government support of BEVs.