This is how cars got so ridiculously, forbiddingly expensive.
The move was a tacit acknowledgment of China’s dominance in the global market and the power of its automakers to keep prices low.
Beijing’s decades-long push to reduce its dependence on foreign oil with huge investments in clean energy sources like electric vehicles is now paying off.
The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
Cars have become so expensive that many Americans are putting off or not buying new cars, hurting the auto industry.
The goal, announced at a gathering of Communist Party leaders, was the lowest since 1991 and can offer clues about China’s policymaking plans.
General Motors, Ford and other established automakers risk becoming relics if they don’t catch up to Chinese carmakers and technology companies in electric vehicles and self-driving cars.
American manufacturing prowess won’t be restored without bringing new technologies to the factory floor.
Si Estados Unidos quiere ser competitivo frente a China, tiene que poner orden en su economía.
If we are going to be competitive with China, we have to get our economic house in order.
El primer ministro, Mark Carney, anunció el jueves varias medidas destinadas a convertir a Canadá en líder mundial en vehículos eléctricos y a rescatar una industria asolada por la política comercial estadounidense.
Prime Minister Mark Carney announced several measures Thursday aimed at making Canada a global leader in electric vehicles and rescuing an industry ravaged by U.S. trade policy.
The agreement, while scarce on details, is the latest step by Prime Minister Mark Carney to reduce Canada’s reliance on trade with the U.S.
The automaker said that it would buy back stock worth up to $6 billion and that it expected profit to rise this year after it pulled back from electric vehicle production.
U.S. trade policy has devastated the Canadian auto industry and pushed the country to reach an agreement that will make it easier for Chinese companies to sell cars there.
Is a Chinese century now dawning?
The prime minister is seeking new markets for Canadian goods and to mend relations with China after years of deep acrimony between the two nations.
The European Commission allowed carmakers to volunteer limits on their imports from China instead of paying tariffs, an arrangement that could help Volkswagen.
The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.
Mientras la guerra se reinventa en Ucrania y Silicon Valley se afana por mantener su liderazgo en IA, el dominio chino de las baterías causa inquietud mucho más allá de la industria automovilística.