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Several leading automakers, including Honda, Jeep, Porsche, and Bentley, are scaling back or delaying their electric vehicle (EV) projects due to slowing demand, market conditions, and strategic reassessments. These moves reflect broader industry challenges in the EV sector, especially in North America and China, as sales growth slows and market dynamics shift.
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Nissan plans to relaunch the Xterra in 2028 as a hybrid SUV, filling capacity at its Mississippi plant. The model may include an Infiniti version and will help scale production, according to Nissan Americas chairman Christian Meunier. The move aims to strengthen Nissan's US manufacturing footprint.
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Stellantis commits to a $2.8 billion investment in US manufacturing, expanding production by 50%, launching five new vehicles, and creating over 5,000 jobs across Illinois, Ohio, Michigan, and Indiana. The move aims to boost US growth amid ongoing tariffs and supply chain pressures.
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Automakers report mixed results in 2025, with Stellantis rebounding in North America, Toyota maintaining growth despite market challenges, and Chinese EV dominance expanding. Industry faces geopolitical risks and shifting consumer preferences, impacting future strategies.