Demand for the U.S. automaker’s vehicles slid amid stronger competition from Europe and China and rising anger at Elon Musk’s political forays.
Demand for the U.S. auto maker’s vehicles slid amid stronger competition from Europe and China and rising anger at Elon Musk’s political forays.
The 25 percent levies threaten automakers that are navigating Brexit, a shift to electric vehicles and other obstacles.
A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.
Even before the latest tariffs by the Trump administration, Britain’s car industry was struggling.
Even before the latest tariffs by the Trump administration, Britain’s car industry was struggling.
Humor and art have been used to mock the powerful in Britain for centuries. Now Elon Musk is on the receiving end.
The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.
The British and European car industries had lobbied for a delay in a measure that would have added costly tariffs to many electric vehicles.
The British and European car industries had lobbied for a delay in a measure that would have added costly tariffs to many electric vehicles.