The storied sports car maker, which was facing challenges from China and slumping demand for electric cars, now has to grapple with tariffs from the Trump administration.
Domestic factories that make batteries to store power to meet America’s rising energy demand depend on Chinese components and federal subsidies.
Despite steep tariffs, the Chinese carmaker leapfrogged Tesla in April, in what an analyst called a “watershed moment” for the continent’s auto market.
Trump’s fixation on tariffs while he undermines America’s competitive strengths is hastening the onset of the “Chinese Century.”
Trump’s fixation on tariffs while he undermines America’s competitive strengths is hastening the onset of the “Chinese Century.”
Slate Auto, a start-up backed by Jeff Bezos, plans to sell a small, spartan electric truck that comes with no paint, stereo or touch-screens.
President Trump’s trade war again tests Canada’s new government. Honda is also canceling plans for a major electric vehicle factory in Canada.
The shipping industry is pushing to decarbonize, and exploring cargo ships powered by wind, as it confronts President Trump’s tariffs.
The shipping industry is pushing to decarbonize, and exploring cargo ships powered by wind, as it confronts President Trump’s tariffs.
Ford Motor also reported a sharp drop in profits in the first three months of the year.