Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow
The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.
Volkswagen and Rivian Form Joint Venture, Deepening Alliance
The new agreement builds on an earlier announcement in which the German automaker said it would invest up to $5 billion in Rivian, a maker of electric vehicles. The new venture brings them closer.
Global Electricity Demand Is Rising Faster Than Expected, I.E.A. Says
A surge in power use worldwide could make it harder for nations to slash emissions and keep global warming in check.
Volkswagen’s Woes Reflect a Stagnant German Economy
Germany’s largest automaker rode a wave of strong sales for years, but lagging demand and pressure from China are forcing it to consider layoffs.
China to Penalize European Brandy Imports, Striking Back at Car Tariffs
Beijing’s action came days after European nations moved toward tariffs on electric vehicles from China, and it included a threat to also hit pork and car imports.
China to Penalize European Brandy Imports, Striking Back at Car Tariffs
Beijing’s action came days after European nations moved toward tariffs on electric vehicles from China, and it included a threat to also hit pork and car imports.
Tesla Sales Increase, Suggesting Electric Car Demand Is Rebounding
The automaker reported a gain of 6.4 percent for the latest quarter, its first such increase this year.
Chinese Automakers’ Answer to E.U. Tariffs: Build in Europe
BYD, which leads China’s electric vehicle sector, is constructing a plant in Hungary while its Chinese rivals expand through joint ventures in Europe.
Battery Maker Northvolt to Cut Costs as E.V. Demand Slumps in Europe
The Swedish battery manufacturer said it would eliminate jobs and seek partnerships as it grapples with competition from China.
‘Bad Blood’ Stalks a Lithium Mine in Serbia
A Rio Tinto mine that Europe sees as a critical source for electric vehicle batteries has been the target of enormous protests. “I don’t need green cars. I need green apples and green grass,” said one opponent.