A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.
A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.
Ford Motor also reported a sharp drop in profits in the first three months of the year.
General Motors also said its profit in the first three months of the year fell 7 percent from a year earlier.
Teslas that have been sold or traded in during the backlash against the company’s chief executive have become bargains on lots.
The company, which once enjoyed a surging stock price, struggled to turn its plans for electric and hydrogen trucks into a viable business.
Los aranceles podrían ser un duro golpe para el mayor productor de autos en México y aumentarían los precios de muchos vehículos vendidos en Estados Unidos.
General Motors, the largest producer of cars in Mexico, won’t provide details on how it would react if President Trump imposes 25 percent tariffs from the two countries.
Rules for a $7,500 tax break for electric vehicle purchases and leases recently changed, but more far-reaching changes are expected when President-elect Donald J. Trump takes office.
The United Automobile Workers union asked a federal labor regulator to conduct an election at a factory Ford jointly owns with a South Korean battery company.
The two big automakers said 2024 sales were up by 4 percent thanks to big increases in the final quarter.
The Japanese companies are considering joining forces to survive in a rapidly changing auto industry, but auto history is filled with troubled and failed marriages.
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.
Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.
General Motors and the South Korean automaker say they will collaborate on new vehicles, buying parts and clean energy technologies.
The automaker said it would invest less in battery-powered cars and scrap a planned electric three-row sport utility vehicle.
The company led by Elon Musk is selling fewer electric cars, and its big bets on driverless taxis and artificial intelligence could take many years to pay off.
General Motors said the self-driving division’s cars will operate in Dallas, Houston and Phoenix after an accident last year. Human drivers will supervise the cars.
Ford will build large pickups at a Canadian factory that it had previously slated to produce electric vehicles, sales of which have slowed in recent months.
The agreement, if ratified, will cover 1,600 workers making batteries for General Motors in Ohio. The union said it would be a model for efforts elsewhere.