GM Rushing to Make PHEV Pickups; Rivian Could Run Out of $ In 2 Years – Autoline Daily 3753

Autoline reports breaking global car news, with great insight and analysis. Also, top auto executive interviews. We cover electric vehicles (EV), autonomous vehicles (AV) and internal combustion engine technology (ICE), as well as car sales & financial earnings and new car reviews.

0:00 Auto CEO’s Not Ready to Throw the Book at China
1:14 Mercedes Just Keeps Its Head Above Water
1:57 Mercedes is Cutting EV Targets & Updating ICEs
2:36 Rivian Could Run Out of Cash in 2 Years
3:32 Lucid Needs 5X Sales to Break Even
4:42 GM Rushing to Make PHEV Pickups
6:31 Ram 1500 Drops V8, Adds Automated Driving
9:40 Lotus Going Public Through a SPAC

Story Links:
Auto CEO’s Not On Board With China Tariffs:
https://europe.autonews.com/automakers/stellantis-ceo-carlos-tavares-argues-against-taxes-chinese-evs

https://www.reuters.com/business/autos-transportation/mercedes-ceo-warns-eu-against-protectionism-response-china-2024-02-22/

Mercedes 2023 Earnings: https://group.mercedes-benz.com/dokumente/investoren/berichte/geschaeftsberichte/mercedes-benz/mercedes-benz-factsheet-q4-2023-final.pdf

Mercedes Rolls Back EV Plans: https://www.autonews.com/manufacturing/mercedes-earnings-126-return-cars-headwinds-dent-profits

Rivian 2023 Earnings: https://assets.rivian.com/2md5qhoeajym/2Q0NcEACrvGFosLhpyR15H/bfe2aa72cb657c4cebb9f4a85e913f07/EX_-_99.2_4Q23_Shareholder_Letter_Final_Compressed.pdf

Lucid 2023 Earnings: https://ir.lucidmotors.com/news-releases/news-release-details/lucid-announces-fourth-quarter-and-full-year-2023-financial

GM Developing PHEV Pickups: https://www.autoweek.com/news/a46869879/gm-chevy-silverado-gmc-sierra-phevs-coming-to-market/

BrightDrop Resuming Production: https://www.autonews.com/manufacturing/unifor-says-gm-resume-ev-van-output-canada-april-1

Lotus SPAC Merger: https://ir.group-lotus.com/news-releases/news-release-details/lotus-tech-and-l-catterton-asia-acquisition-corp-announce

Read the transcript here: https://www.autoline.tv/daily/ad-3753-rivian-could-run-out-of-in-2-years-lucid-needs-5x-sales-to-break-even-gm-rushing-to-make-phev-pickups/

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