Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.
Analysts expect first-quarter results to show a decline in profits, fueling worries that competitors will grab a bigger slice of slowing electric car sales.
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.
The electric vehicle maker has announced price cuts and a Cybertruck recall ahead of Tuesday’s pivotal earnings report.
La empresa corre el riesgo de rezagarse en la industria que ayudó a crear. ¿Qué pasaría si eso sucede?
From cars to solar panels to furniture, China is using lavish bank lending and enormous investments in robotics to cement its global leadership in manufacturing.
A federal auto safety agency said the accelerator pedal on the pickup truck, sales of which began in late 2023, could become stuck, increasing the risk of accidents.
And what would that mean for the climate?
More competition and flagging demand for electric vehicles has led to declining sales at Tesla.
Elon Musk’s electric car company reported a drop in sales in the first three months of the year, and its profit margin has been falling for months.