Mr. Musk’s supporters say he may quit if shareholders don’t approve a trillion-dollar package. Some investors say it’s excessive and would give him too much sway.
The leaders of Canada and China will meet for the first time in eight years to try to reset relations after years of acrimony.
The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars.
Ford said a fire at an aluminum factory will lower profits in the last three months of the year. The company also said it has stopped making an electric version of its popular F-150 pickup.
The company sold more cars but made less money on each one because of discounts and low-interest loans.
Drivers will be able to converse with an artificial intelligence assistant while cars largely drive themselves in certain situations, the company said.
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.
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.
The revival of America’s industrial base is happening amid pine forests and peanut farms. And it’s being led by a South Korean company.
The carmaker, which has struggled with weak sales, is the latest company to announce a hefty investment in the United States.
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.
The chancellor said he planned to urge the European Union to back off a policy that has been widely interpreted as a ban on combustion engines after 2035.
Charging an electric car battery is usually cheaper than going to the gas pump. But it depends on where you live.
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.
A college student was trapped in a burning Cybertruck because electronic doors made it difficult for her to get out or be rescued, a lawsuit claims.
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.
There are a lot more fast chargers than there used to be. Look up what that could mean for a route near you.
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.
The Swedish automaker will produce a hybrid model in the state, an effort to meet demand for gas-powered cars and to avoid steep tariffs on imported vehicles.
The Swedish automaker will produce a hybrid model in the state, an effort to meet demand for gas-powered cars and to avoid steep tariffs on imported vehicles.