The company, which owns Chrysler, Fiat, Jeep and Peugeot, is changing its strategy to gasoline and hybrid vehicles in an effort to revive weak sales.
The world’s biggest automaker has navigated the industry’s turbulent E.V. transition, but is looking to new leadership to manage complex geopolitical challenges.
El primer ministro, Mark Carney, anunció el jueves varias medidas destinadas a convertir a Canadá en líder mundial en vehículos eléctricos y a rescatar una industria asolada por la política comercial estadounidense.
Prime Minister Mark Carney announced several measures Thursday aimed at making Canada a global leader in electric vehicles and rescuing an industry ravaged by U.S. trade policy.
Even as American automakers have scaled back their ambitions for electric vehicles, some are pivoting to a technology that could help boost renewable energy.
The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.
The agreement, while scarce on details, is the latest step by Prime Minister Mark Carney to reduce Canada’s reliance on trade with the U.S.
The electric vehicle maker’s shares are near record highs as Wall Street focuses on the company’s plans for robots and self-driving cars.
The automaker said that it would buy back stock worth up to $6 billion and that it expected profit to rise this year after it pulled back from electric vehicle production.
U.S. trade policy has devastated the Canadian auto industry and pushed the country to reach an agreement that will make it easier for Chinese companies to sell cars there.
The president’s hostility to E.V.s is hurting U.S. automakers.
The European Commission allowed carmakers to volunteer limits on their imports from China instead of paying tariffs, an arrangement that could help Volkswagen.
The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.
General Motors said it was writing down the value of battery and electric vehicle factories after changes in federal policy undercut demand.
As the largest maker of electric vehicles in the United States, Tesla suffered more than other carmakers from the elimination of federal incentives.
The political polarization of battery-powered cars may have started when Toyota released its first hybrid model 25 years ago.
Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only modest savings.
Shares of Tesla have hit new highs on optimism about the company’s self-driving taxis. But experts say Tesla is far behind Waymo, which has a big head start.
Be sure you have the right equipment and apps for weather and traffic, and don’t forget to check those tires. Here are more tips for hitting the highway.
Factorial, the start-up, said the listing would provide money that would help it bring new solid-state batteries to market as soon as 2027.