The beleaguered auto giant reached a deal with unions to cut tens of thousands of jobs and slash production. Is it enough to revive an iconic German company?
Facing growing competition from China and rapidly advancing technology, the German auto giant said Thursday its board had approved a “comprehensive” restructuring.
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.
As the car company’s president, he made decisions quickly and shook things up, expanding overseas manufacturing and introducing the Prius, a milestone in automotive history.
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.
The German automaker has struggled to compete with fast-growing Chinese companies that offer more affordable and sophisticated electric vehicles.
Influencers may be “Chinamaxxing,” but the U.S. is still the world’s economic powerhouse.
The German company is doubling down on electric vehicles even as other automakers pull back after acknowledging billions of dollars in losses.
Price cuts and low-interest-rate loans are luring buyers, including people offended by the company’s chief executive.
Chinese firms have some of the world’s most advanced technology. But U.S. officials say relying on it could come with a downside.
Building on the country’s electric vehicle industry, Chinese companies are making robot parts at a scale and price point others can’t match.
The carmaker will follow Tesla in making large batteries used by electric utilities, data centers and other businesses to handle fluctuations in power supply and demand.
Mr. Musk is part of a delegation of business leaders to China, where his interests include Tesla’s electric vehicle factory and solar panels.
Chinese automakers do not belong on American soil.
Beijing depended on Hungary’s outgoing leader, Viktor Orban, to gain a toehold in Europe. A giant battery factory proved a step too far.
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.
The move was a tacit acknowledgment of China’s dominance in the global market and the power of its automakers to keep prices low.
The German carmaker is the latest to scale back plans for electric vehicles in favor of gasoline models.
Cars have become so expensive that many Americans are putting off or not buying new cars, hurting the auto industry.