General Motors said it would lower its earnings by that amount to mainly reflect the drop in the value of equipment, factories and other assets.
Category: Automobiles
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Cars to Fighter Jets: China’s New Export Curbs May Level a Heavy Blow Worldwide
Broad restrictions could cause supply interruptions for arms makers, as well as manufacturers in the semiconductor, automotive and other sectors.
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German Leaders and Auto Chiefs Team Up in Push to Relax Emissions Rules
The chancellor said he planned to urge the European Union to back off a policy that has been widely interpreted as a ban on combustion engines after 2035.
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At The Race of Gentlemen, Motorcycles and Hot Rods Take Over New Jersey Beach
Every year, hot rods take over a beach in New Jersey for an event that is equal parts sporting event, fashion show and “time capsule.”
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How Much It Costs to Drive an E.V. and a Gas Car in Every State
Charging an electric car battery is usually cheaper than going to the gas pump. But it depends on where you live.
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Tesla Reveals Cheaper Versions of Model Y and Model 3
Elon Musk’s electric car company said the new versions would start at around $37,000 and $40,000, prices that bring its cars closer to comparable gasoline vehicles.
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Tesla’s Car Sales Rise 7% as U.S. E.V. Tax Credit Ends
The company benefited from a surge in U.S. demand for electric vehicles after Republicans in Congress voted to end a $7,500 incentive at the end of September. But other carmakers benefited more.
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Electric Vehicles Face a ‘Pretty Dreadful Year’ in the U.S.
The end of a federal tax credit is expected to push sales of battery-powered cars down but auto experts believe the market will eventually recover.
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Volvo to Expand Car Production in South Carolina
The Swedish automaker will produce a hybrid model in the state, an effort to meet demand for gas-powered cars and to avoid steep tariffs on imported vehicles.
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Jaguar Land Rover Says Cyberattack Will Halt Production Through Oct. 1
The company shut down production in early September to contain the breach. It had previously said it planned to resume operations on Sept. 24.
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Ford to Cut 1,000 Jobs in Germany as E.V. Sales Slow
The automaker said the reductions at its factory in Cologne come on top of 4,000 job cuts across Europe that were announced last year.
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Shawn Fain, Who Pledged to Reform U.A.W., Faces Internal Dissent
Dissidents are seeking to oust Mr. Fain as president of the United Automobile Workers union as he prepares to run for re-election next year.