The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars.
Category: Electric and Hybrid Vehicles
-
Bette Midler on 30 Years of Planting Gardens, and Spooky Season
She’s been planting greenery in the city for 30 years through her charity — and still loves celebrating spooky season.
-
Ford’s Profit Jumps on Strong Sales but Company Lowers its Outlook
Ford said a fire at an aluminum factory will lower profits in the last three months of the year. The company also said it has stopped making an electric version of its popular F-150 pickup.
-
Musk’s Trillion-Dollar Pitch
Despite a drop in Tesla profit, the billionaire exhorted investors to back his proposed compensation package, or face consequences.
-
Tesla Profit Falls 37% After It Cut Car Prices
The company sold more cars but made less money on each one because of discounts and low-interest loans.
-
G.M. to Stop Making Electric Vans in Canada Amid Trump Tariffs
The announcement, which will eliminate about 1,200 jobs, came less than a week after the carmaker Stellantis said it would move production of a new vehicle to Illinois from a Toronto suburb.
-
G.M.’s Profit Falls on Tariffs and E.V. Costs
The automaker’s shares jumped as investors focused on an upgraded forecast for some financial measures, as well as a lower-than-expected bill for tariffs this year.
-
After an ICE Raid in Rural Georgia, Hyundai Keeps Betting on America
The revival of America’s industrial base is happening amid pine forests and peanut farms. And it’s being led by a South Korean company.
-
Delaware’s Highest Court Considers Elon Musk’s Tesla Pay Plan
The justices on the state Supreme Court heard arguments in a long dispute about whether the Tesla chief executive’s compensation was fair to shareholders.
-
Stellantis Unveils $13 Billion U.S. Investment Plan
The carmaker, which has struggled with weak sales, is the latest company to announce a hefty investment in the United States.
-
Slowing Electric Vehicle Sales Will Cost G.M. $1.6 Billion
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.