Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
STELLANTIS PREPS COST CUTS DUE TO HIGHER EV PRICES
AppleMagazine
|January 13, 2022
Stellantis CEO Carlos Tavares says his company has to work on cutting costs globally in order to keep electric vehicles affordable for the middle class.
-
Among the cuts are reducing the number of the automaker's factories because electric vehicles cost about 40% more than those powered by gasoline.
Without cost reductions, EVs will be too expensive for the middle class, shrinking the market and driving costs up more, Tavares told reporters at the CES gadget show in Las Vegas.
"If the size of the market shrinks, you are back to square one because you are reducing the efficiency and effectiveness of your manufacturing operation," he said. "You go from hero to zero in three years if you stop working on costs."
This story is from the January 13, 2022 edition of AppleMagazine.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM AppleMagazine
AppleMagazine
GOOGLE DEEP RESEARCH GETS ENTERPRISE DATA ACCESS
Google is expanding its autonomous research agent strategy with two new Gemini-powered tools, Deep Research and Deep Research Max, designed to search the open web, connect with private enterprise data, and generate more complete research reports through a single API workflow.
8 mins
April 24, 2026
AppleMagazine
META TURNS EMPLOYEE WORK INTO AI TRAINING DATA
Meta is beginning to collect mouse movements, clicks, keystrokes, and occasional screen snapshots from U.S.-based employees’ work computers as part of a new internal effort to train AI agents on real workplace behavior.
7 mins
April 24, 2026
AppleMagazine
FAA GROUNDS BLUE ORIGIN AFTER NEW GLENN MISHAP
The Federal Aviation Administration has ordered Blue Origin to investigate a New Glenn launch mishap after the rocket failed to place an AST SpaceMobile satellite into its planned orbit, temporarily grounding the vehicle until the company completes a formal review and corrective actions are accepted.
6 mins
April 24, 2026
AppleMagazine
AI USE RAISES COGNITIVE CONCERNS
A growing body of research is beginning to examine whether heavy reliance on generative AI can weaken the mental processes people are supposed to practice when they write, study, and solve problems.
7 mins
April 24, 2026
AppleMagazine
MAC STUDIO DELAY SHOWS APPLE'S MEMORY STRAIN
Apple's next Mac Studio may not arrive until October, as the global memory shortage begins to disrupt the company’s professional desktop roadmap.
9 mins
April 24, 2026
AppleMagazine
MUSK KEEPS CONTROL IN SPACEX IPO PLAN
SpaceX’s public IPO filing gives Wall Street a clear message before one of the largest stock offerings ever attempted: the company may be going public, but control is not being sold.
7 mins
April 24, 2026
AppleMagazine
MERCEDES C-CLASS EV GOES BIG ON SCREENS
Mercedes-Benz has revealed the new electric C-Class sedan, bringing one of its most familiar nameplates into the battery-powered era with a high-output dual-motor system, an 800-volt electrical architecture, and one of the most screen-heavy cabins in the compact luxury segment.
7 mins
April 24, 2026
AppleMagazine
EU BATTERY RULES MAY RESHAPE SMARTPHONES
The European Union is preparing to force another major hardware change across the smartphone industry, this time targeting one of the most difficult and expensive parts of modern phone ownership: the battery.
7 mins
April 24, 2026
AppleMagazine
ADOBE LAUNCHES AI SUITE FOR ENTERPRISE MARKETING
Adobe has introduced a new artificial intelligence platform for corporate clients, moving deeper into agentic AI as competition intensifies across creative software, marketing technology, and enterprise automation.
8 mins
April 24, 2026
AppleMagazine
TESLA ROBOTAXI EXPANDS ACROSS TEXAS
Tesla has expanded its Robotaxi service to Dallas and Houston, marking the company's first Texas growth beyond Austin and giving Elon Musk a broader stage for one of Tesla's most important long-term bets.
8 mins
April 24, 2026
Translate
Change font size