Stellantis is betting its U.S. sales comeback on Ram trucks as the Jeep brand falters. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Tesla is on course to end two straight years of falling sales after its third-quarter deliveries beat Wall Street estimates, triggering a rebound in the EV maker’s share price. More at Reuters.
+ Ford, JPMorgan Chase, and the state of Michigan are launching a $3 billion program to provide companies with financing, workforce support, and other resources to scale production. More at Ward’s Auto.
+ California’s new CARS Act targets dealer junk fees to require transparent pricing, limit add-on charges, and create a three-day cancellation period for many used vehicles. More at Autoweek.
+ The Formula 1 Bahrain Grand Prix race in Malaysia was delayed for an hour when multiple cars slowed or stopped on the parade lap due to a software bug in their power units. More at Motorsport.com.
+ Toyota opened a 30,000 square-feet, $50 million research center in Southeast Michigan to serve as its North American hub for EV battery development and evaluation. More at CBT News.
+ Rivian reported record third-quarter deliveries of 19...