Facing growing competition from China and rapidly advancing technology, the German auto giant said Thursday its board had approved a “comprehensive” restructuring.
The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
The president may disdain clean energy tech, but energy storage is also crucial for A.I. and defense — and China’s dominance in the sector has officials worried.
China’s regulator ordered changes after vehicle occupants sometimes had difficulty exiting electric cars with retractable door handles after crashes.
People are racing out to buy them worldwide as gasoline prices stay high. The Iran war has made Trump “salesman of the year,” said one executive in Lahore.
The country’s iconic carmakers are struggling with tariffs, the growth of electric vehicles and intense competition from Chinese companies.
The German auto giant’s push into China powered it for decades, but now the company faces fierce competition from Chinese automakers in markets around the world.
Influencers may be “Chinamaxxing,” but the U.S. is still the world’s economic powerhouse.
Chinese firms have some of the world’s most advanced technology. But U.S. officials say relying on it could come with a downside.
China is the world’s largest purchaser of oil. But three months after the war with Iran began, it cut its imports, cushioning the global market.
Building on the country’s electric vehicle industry, Chinese companies are making robot parts at a scale and price point others can’t match.
A few seconds of selfie awkwardness between Elon Musk and Lei Jun, a prominent Chinese entrepreneur, has spread like wildfire on China’s social media.
Mr. Musk is part of a delegation of business leaders to China, where his interests include Tesla’s electric vehicle factory and solar panels.
Electric vehicle sales have soared in Europe and much of the rest of the world, but Americans are still hesitant.
The country’s exports surged and its trade surplus with the United States widened ahead of President Trump’s scheduled visit next week to Beijing.
Chinese automakers do not belong on American soil.
Ford Motor has written off $20 billion in electric vehicle investments but says it is forging ahead with an electric pickup that will sell for $30,000 next year.
Geely is challenging the giant BYD by adapting quickly to swings in demand and energy prices, seizing on interest in electric vehicles prompted by the war in Iran.
Readers respond to an Opinion guest essay by Clifford Winston on the death of the affordable car.
A new generation of Indonesian consumers view Chinese brands as high-tech and of good quality, a departure from the days when “made in China” was associated with cheap goods.