Michael Wayland

General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Lansing, Michigan, to its joint venture partner LG Energy Solution, the automaker announced Monday.

Famed British carmaker Jaguar revealed its new vehicle design direction Monday night with the introduction of an all-electric concept car called "Type 00."

Key Points General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion in charges and writedowns.

Stellantis executive Tim Kuniskis had left the automaker earlier this year. DETROIT — Well-known Stellantis executive Tim Kuniskis will be returning to the automaker, effective immediately, CNBC has learned.

Stellantis executive Tim Kuniskis had retired from the automaker earlier this year. Kuniskis will once again lead the company's Ram Trucks brand, according to two sources familiar with the decision.

Sources told CNBC that Carlos Tavares was fixated on near-term costs and profits to the detriment of the business as well as the company's products.

The driverless ride-hailing service was supposed to be the shining star of GM's growth plans, leading to $50 billion in revenue by the end of this decade.

The merger report follows the two Japanese automakers entering into a strategic partnership in August on shared automotive components and software.

Stellantis said Wednesday it will further delay an all-electric Ram pickup from next year until 2026.

Stellantis said Wednesday it will further delay an all-electric Ram pickup from next year until 2026.