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Jeep Gladiator 4xe PHEV cancelled, ute to stick with V6 and V8 engines

The Jeep Gladiator 4xeplug-in hybrid (PHEV) has been axed on the eve of its launch, with parent company Stellantis confirming the news after a notice was sent to component suppliers. According to Automotive News, the automaker said: “As customers’ propulsion preferences for battery-electric trucks continue to evolve, Stellantis is reassessing its product strategy and will…

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Warren Buffett bails on BYD – report

Warren Buffett’s Berkshire Hathaway investment firm has sold the last of its shareholding in Chinese car giant BYD. According to stock filings obtained by news outlet Reuters, Berkshire sold its last tranche of shares in BYD in recent months, after investing in the automaker 17 years ago. The report claims Berkshire’s original investment of US$230…

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