Stellantis approved remote work in recent years, and in the process drastically reduced office space and sold real estate assets. Labor unions have criticized the intensity of the push.
The South Carolina dealer set Jeep sales records during the brand’s American Motors days and led customers on annual pilgrimages to the Smoky Mountains.
The findings from a new McKinsey & Co. study suggest a big complication lays ahead on the path toward an electrified future. Nearly half of EV owners are likely to return to internal combustion engine vehicles.
Ineos Automotive CEO Lynn Calder told the Automotive News Europe Congress in Frankfurt that she believes that the automotive industry should rely on a range of technologies instead of focusing only in electrification.
Andrea Felsted | (TNS) Bloomberg Opinion
Revenge travel is losing its appeal.
After three years of rushing to book trips in the wake of pandemic-era restrictions, sharply higher fares, protests against tourism, fatigue from endless hours spent in airports and incomes squeezed by inflation are all taking their toll on travelers.
Travel demand is far from falling off a cliff. But there are signs that our wanderlust is downshifting from never-ending to a more normal pattern.
For airlines and tour operators, the next few months will be crucial in filling remaining seats and hotel rooms. If demand is strong, they will be able to sell leftover capacity at higher prices. But if consumers hold off, they’ll be forced to discount, something that hasn’t happened in the past three years.
In Europe, many people who were passionate about their vacations booked in January, in order to secure their preferred destination, hotel and even room. But in recent months, some consumers, particularly more budget-constrained families, have been holding off to see how their own finances, and holiday prices, developed. TUI AG, the world’s biggest tour operator, has sold about 60% of the vacations available this summer. That’s broadly in line with last year, but it’s still a lot of sunny breaks to shift in an uncertain environment.