The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.
Category: Electric and Hybrid Vehicles
-
Installing E.V. Chargers is Finally Paying Off for Retailers
Companies see charging as a potentially profitable business in and of itself, not just as a spur for foot traffic and sales.
-
Tesla Issues Sixth Cybertruck Recall This Year
Tesla said a defect could cause the electric truck to lose driver power and pledged to replace the affected part for free.
-
Volkswagen and Rivian Form Joint Venture, Deepening Alliance
The new agreement builds on an earlier announcement in which the German automaker said it would invest up to $5 billion in Rivian, a maker of electric vehicles. The new venture brings them closer.
-
As Trump Threatens a Wider Trade War, the U.S. Confronts a Changed China
The Chinese economy is more dependent on exports, making tariffs more potent, yet it’s less reliant on American markets and increasingly bent on self-sufficiency.
-
Elon Musk Helped Elect Trump. What Does He Expect in Return?
The world’s richest man gave his money and time in campaigning for the president-elect and now is putting in his requests for a friendlier regulatory environment.
-
Tesla’s Stock Jumps After Trump’s Victory
Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect.
-
Why There’s Hope for U.S. Factory Towns Laid Low by the ‘China Shock’
Communities that suffered the worst of plant closings in recent decades are now gaining an outsize share of fresh investment and new jobs.
-
Why There Is Hope for Factory Towns Laid Low by the ‘China Shock’
Communities that suffered the worst of plant closings in recent decades are now gaining an outsize share of fresh investment and new jobs.
-
How Volkswagen Lost Its Way in China
A brutal price war, sudden shifts in consumer demand and human rights issues in Xinjiang have left VW stumbling in a market it led for 40 years.
-
Jeff Bezos, Elon Musk and the Billions of Ways to Influence an Election
The world’s richest men have their own rocket fleets, their own media and their own schemes to succeed with Donald J. Trump.