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 justices on the State Supreme Court heard arguments in a long dispute about whether the Tesla chief executive’s compensation was fair to shareholders.
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.
China is building a network of ultrahigh-voltage power lines to carry solar and wind energy hundreds and even thousands of miles as few citizens dare to protest.
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.
Critics say the park’s drives have become increasingly chaotic as e-bike riders move through at high speeds.
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.
The vast Global Digital Trade Expo in Hangzhou stood as a rebuke to U.S. efforts to hem in China’s technology. But the real competition is internal, and profits are hard to find.
Francesca Paris, an Upshot reporter, shows how the quick growth of electric vehicle charging stations has continued in the United States despite the Trump administration’s hostility to the green energy transition.
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.
China’s problem with competition is that it’s too brutal.
