Top 5 stories of the week: Stellantis executive shuffle; GM expects to pare EV losses

Top 5 stories of the week: Stellantis executive shuffle; GM expects to pare EV losses

1. Management shuffle at Stellantis

GENERAL MOTORS

Battery module assembly at GM’s Spring Hill Assembly Plant in Tennessee

2. GM expects lower EV losses, drops Ultium name

General Motors said it believes its losses from electric vehicles have crested and expects to reduce them by $2 billion to $4 billion in 2025. The Ultium brand name will disappear as GM moves toward using multiple battery cell form factors and chemistries.


HANS GREIMEL

Honda demonstrated the 0 Series electric vehicle drivetrain in mock-ups of the Accord sedan and CR-V crossover during an Oct. 2 briefing at the company’s global R&D center north of Tokyo.

3. Honda goes all-in on new 0 Series EVs

Honda has finally revealed the business plan and technology behind the 0 Series, its lineup of next-generation electric vehicles for American drivers, promising seven battery-powered models that pack a punch with all-wheel drive, spunky acceleration, 300 miles of driving range and “eyes-off” automated driving.


NADIR ALI/HAGERTY, RADWOOD

4. Gen Z, millennials prefer a new kind of collectible car

DAVIE FIRE RESCUE

Davie Fire Rescue in Florida said in an Instagram post that Helene serves as a “crucial reminder” of the dangers of EVs impacted by saltwater damage. Salt water can “mimic the salts found in a battery cell’s electrolyte,” and when one cell ignites, other cells can “ignite in sympathy,” leading to fire erupting in the whole pack.

5. Why saltwater flooding leads to EV fires

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