The State of the Union address comes as President Joe Biden faces a pivotal moment of his presidency amid major headwinds ranging from Russia’s deadly invasion of Ukraine, soaring inflation and lingering effects of the COVID-19 pandemic.
Stellantis revealed an image of the Jeep brand’s first battery electric vehicle during the rollout of its long-term strategic plan.
Rivian is raising prices on its debut vehicles for retail buyers.
The EV and ICE businesses will remain under the Ford corporate umbrella, similar to the way the company operates its Ford Pro commercial business, three sources told Reuters on Tuesday.
The stoppages mean that almost the entire European production of the automaker is being impacted by the Ukraine crisis.