The automaker said the reductions at its factory in Cologne come on top of 4,000 job cuts across Europe that were announced last year.
Electric vehicles on the used market often cost less than comparable gasoline models, making the technology affordable to many more buyers.
Electric vehicles on the used market often cost less than comparable gasoline models, making the technology affordable to many more buyers.
The spotlight at the Munich auto show this year is swinging back to BMW, Mercedes and Volkswagen after previously focusing on Chinese automakers.
Tesla’s board unveiled a compensation package for the chief executive that could be worth $900 billion if he meets ambitious targets.
A Pekín se le ha acabado la paciencia con las empresas que bajan los precios y pide moderación. Pero la feroz competencia también produce una oleada de innovación.
Beijing has run out of patience with companies slashing prices, and is urging restraint. But fierce competition is also producing a surge of innovation.
Beijing has run out of patience with companies slashing prices, and is urging restraint. But fierce competition is also producing a surge of innovation.
Electric models from the luxury car brand have been very successful, but they may struggle once a $7,500 federal tax credit ends next month.
There’s one month left to get a federal subsidy. Our calculator lets you compare models and see whether an E.V. is cheaper in the long run.
Chinese automakers have rolled out chargers that can mostly recharge a car’s battery in about five minutes. Yet U.S. technology lags far behind.
The prices of used electric cars have fallen sharply in recent months, making them a more attractive option.
Los barcos que transportan automóviles chinos están usando el mar Rojo y el canal de Suez, mientras otros buques rodean África por miedo a los ataques de la milicia hutí.
Ford, which once had a lead on other established automakers, said on Monday that it will use new materials and methods to lower the costs of electric vehicles.
Ships carrying Chinese cars are using the Red Sea and Suez Canal even as other vessels still sail around Africa in fear of attacks by the Houthi militia.
Smothering electric vehicles might have been a regrettable mistake for a Republican to make 10 years ago. Today, it is economic idiocy.
But automakers can’t absorb the cost forever and will soon begin to raise new car prices, analysts say.
Lyten will acquire German and Swedish factories built by Northvolt, which declared bankruptcy in March.
The “interim” package announced on Monday was intended to help retain Elon Musk, whose previous pay plan was invalidated by a judge. The car maker’s chief has hinted that he needed a larger stake in the company.
President Trump and Republicans in Congress are eliminating federal incentives to buy electric vehicles, but carmakers need to keep selling and investing in them.