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Stellantis scraps Jeep, Chrysler plug-in hybrid vehicles amid EV slowdown, recall
CNBC· 2026-01-09 17:46
Core Viewpoint - Stellantis is discontinuing its plug-in hybrid electric Jeep SUVs and Chrysler minivan due to declining EV sales, quality issues, and changes in federal fuel economy standards [1][2]. Group 1: Production Decision - The decision to end production of the plug-in hybrid Jeep Wrangler, Jeep Grand Cherokee, and Chrysler Pacifica is driven by decreasing customer demand and a strategic shift towards more competitive electrified solutions [2]. - Stellantis plans to phase out plug-in hybrid programs in North America starting with the 2026 model year [2]. Group 2: Market Context - This move marks a significant change for Stellantis, which previously highlighted its leadership in U.S. PHEV sales, aiming to sell 160,000 to 170,000 PHEVs in 2024, representing 41% of U.S. PHEV sales [3]. - The company has utilized PHEVs to balance its production of traditional gas-powered vehicles to comply with federal fuel economy standards, which have become less stringent under the current administration [5]. Group 3: Product Features and Challenges - PHEVs combine traditional internal combustion engines with an all-electric range, but are considered costly due to their dual propulsion systems [6]. - The cancellation of these models coincides with a recall of Jeep SUVs due to fire risks, highlighting ongoing quality concerns [7]. Group 4: Future Strategy - Jeep is reassessing its electrification strategy following the expiration of federal incentives for EVs and PHEVs [8]. - The brand will continue to offer all-electric SUVs, such as the Wagoneer S and Recon, which were revealed recently [9].
Musk’s xAI Burns Almost $8 Billion, Reveals Optimus Plan
Yahoo Finance· 2026-01-09 17:34
While Musk runs several separate businesses and projects, he frequently intertwines their purposes and resources. Grok, xAI’s chat bot, has been fully integrated into X, the social network formerly known as Twitter, and is also available in Tesla vehicles. SpaceX, Musk’s rocket company, has already invested in xAI, which in turn has spent hundreds of millions on Tesla Megapack batteries.XAI revenue nearly doubled quarter-over-quarter to $107 million for the three month period ended Sept. 30, 2025, according ...
As EV Dream Fades, Ford — Not GM — Is the Auto Stock to Buy
247Wallst· 2026-01-09 17:26
General Motors ( NYSE:GM ) announced yesterday it was taking a $6 billion charge related to scaling back several electric vehicle (EV) initiatives, including contract cancellations with suppliers and reduced production plans. ...
1 Million Reasons to Buy Nio Stock for 2026
Yahoo Finance· 2026-01-09 17:25
BYD (BYDDY) seems not to be the only one in the fiercely competitive world of electric vehicles (EV) that Tesla (TSLA) has to be mindful of. With its millionth vehicle recently completing production, Chinese EV manufacturer Nio (NIO) is also making significant strides. Not one to rest on its laurels, CEO William Li's assertions signal that the company has just started when he outlined its plans to exceed 10,000 stations by 2030 and scale global operations while maintaining annual sales growth of 40% to 50% ...
2 Monster Dividend Stocks Investors Should Scoop Up
Yahoo Finance· 2026-01-09 17:20
Key Points Dividend stocks have historically outperformed non-dividend paying stocks. Ford is betting on a second "Model T moment" to help drive innovation. To restore growth, General Mills is investing in its winning brands. 10 stocks we like better than Ford Motor Company › Dividend stocks are simple: They're shares of companies that pay investors a portion of their profits at regular intervals, generally quarterly. Not all companies pay dividends, and historically dividend stocks have outperfor ...
Jim Cramer Calls Tesla an “Enigma”
Yahoo Finance· 2026-01-09 17:05
Tesla, Inc. (NASDAQ:TSLA) is one of the Magnificent Seven stocks Jim Cramer recently reviewed. Cramer called the company’s CEO a “great business person,” as he commented: “In fifth place was Tesla, which was all over the map last year, but ultimately used a late-year rally to finish 2025 up over 11%. Tesla remains an enigma. The core electric car business, I’m calling it awful, down for the second straight year. Earnings are down about 60% from their peak in 2022. But you know what? It doesn’t matter. Poi ...
Lucid Motors Just Revealed Its New Robotaxi at CES 2026. Is LCID Stock a Buy Now on the Reveal?
Yahoo Finance· 2026-01-09 16:50
Lucid Motors (LCID) made waves at CES 2026 by unveiling a production-intent robotaxi in partnership with Nuro and Uber Technologies (UBER). The announcement marks a bold push into autonomous vehicle services that could reshape the struggling electric vehicle maker's future. The EV maker showcased a customized version of its Lucid Gravity SUV equipped with cutting-edge autonomous technology. It also featured high-resolution cameras, solid-state lidar sensors, and 360-degree perception capabilities powered ...
Nio Ended a 4 Year-Losing Streak Last Year: What’s the 2026 Forecast for NIO Stock?
Yahoo Finance· 2026-01-09 16:40
Once hailed as the “Tesla of China,” Chinese electric vehicle (EV) startup Nio (NIO) has been out of favor with markets. NIO peaked in early 2021 when its market cap surpassed $100 billion but closed in the red for the past four consecutive years. It did break its losing streak last year, and while the stock fell sharply from its 2025 highs, it still managed to gain around 17%. Let's dig into Nio’s 2026 forecast and examine whether the stock can gain further this year. www.barchart.com Nio Reached the Mi ...
Is GM's $7.6B EV Impact in 2025 a Step Toward Better Profit Focus?
ZACKS· 2026-01-09 16:35
Key Takeaways GM will take $7.6B in EV-related charges in 2025, including $6B in Q4, dragging down reported net income.GM scaled back EV plans as U.S. policy shifts and fading incentives cooled demand and slowed EV adoption.GM is shifting resources toward higher-margin vehicles and proven revenue drivers. U.S. legacy automaker General Motors (GM) is taking a financial hit as it slows down its aggressive electric vehicle (EV) push. The company notified that it will record about $6 billion in special charges ...
One of Wall Street’s Most Iconic Companies Is Warning of a ‘Blue-Collar Crisis’ in 2026. What That Means, and Why It Matters for You.
Yahoo Finance· 2026-01-09 16:18
For centuries, manufacturing and skilled trades formed the backbone of the U.S. economy. They weren’t flashy or sexy, but they were steady and dependable outputs that kept productivity up and generated growth. Well, we all know how globalization has changed that. More News from Barchart Corporations now rely almost exclusively on outsourcing to maintain pace. This has a lot to do with cutting costs for shareholders, and even more to do with the generational narrative that everyone should attend college ...