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.
Tariffs on imported parts will have a broad impact because all vehicles use components made abroad.
The carmaker denied a report that its board had explored finding a successor to Elon Musk. But even if he sticks around, he and the company face big challenges.
General Motors also said its profit in the first three months of the year fell 7 percent from a year earlier.
Trump’s approach risks leaving U.S. automakers isolated and incapable of competing on their own merits as foreign companies bolt ahead.
The 25 percent levies threaten automakers that are navigating Brexit, a shift to electric vehicles and other obstacles.