Mazda President and CEO Akira Marumoto spoke at length Tuesday about the company’s future, acknowledging the shift towards electrification. This is something all major automakers […]
Tag: Billion
Stellantis Spending $6 Billion On New Gasoline Engines That Run On Ethanol
The death of the internal combustion engine has been exaggerated since some of the largest automakers are still pouring billions into new ICEs. Stellantis is […]
Apple Spent More Than $10 Billion On Its Failed Car Project
Apple canceled its car project earlier this week, failing to deliver a viable product after a decade’s worth of work. The company dumped over $10 […]
Stellantis Employees Getting $2 Billion Thanks To 2023 Results
The merger between Fiat Chrysler Automobiles and PSA Peugeot Citroën was finalized in early 2021 when Stellantis was officially born. Even before the deal was done, […]
Colleges With Automated Recovery Programs Get $1 Billion Donations From Anonymous Sources
For students and faculty at McPherson College in central Kansas, the future is a little brighter. One might say it’s a billion times brighter, or […]
GM Plans $2 Billion Cost Cut After Recording 2022 Revenue
GM has record revenue of $14.5 billion in 2022 and total revenue of $156.7 billion, according to its newly released full-year financial report. The automaker […]