Weary of being captive to geopolitics, car companies are looking for ways to replace powerful rare-earth magnets in electric motors.
Category: General Motors
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The Luxury Electric Vehicle Is in Trouble
Sales of expensive battery-powered cars like the Ford F-150 Lightning have stalled, forcing automakers to slow production and offer more affordable vehicles.
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DealBook Summit 2025: David Ellison, Scott Bessent, Erika Kirk and More
The conference on Dec. 3 will bring together the biggest names in business, politics and culture.
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G.M. Will Cut 1,750 Jobs in Electric Vehicle Business
The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars.
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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.
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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.
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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.
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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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Used E.V. Sales Take Off as Prices Plummet
Electric vehicles on the used market often cost less than comparable gasoline models, making the technology affordable to many more buyers.