Weary of being captive to geopolitics, car companies are looking for ways to replace powerful rare-earth magnets in electric motors.
Sales of expensive battery-powered cars like the Ford F-150 Lightning have stalled, forcing automakers to slow production and offer more affordable vehicles.
Two economists on the price of playing nice with a superpower.
The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars.
Ford said a fire at an aluminum factory will lower profits in the last three months of the year. The company also said it has stopped making an electric version of its popular F-150 pickup.
The company sold more cars but made less money on each one because of discounts and low-interest loans.
Drivers will be able to converse with an artificial intelligence assistant while cars largely drive themselves in certain situations, the company said.
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.
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.
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 agency is investigating reports that electronic doors on one model couldn’t be opened from outside, trapping children or others inside.
Electric vehicles on the used market often cost less than comparable gasoline models, making the technology affordable to many more buyers.
Electric vehicles on the used market often cost less than comparable gasoline models, making the technology affordable to many more buyers.
El gobierno surcoreano dijo el domingo que enviaría un avión chárter a Estados Unidos para llevar de regreso a cientos de trabajadores detenidos en una redada de inmigración.
The South Korean government said on Sunday that it would send a charter plane to the United States to retrieve hundreds of workers detained in an immigration raid.
Several hundred workers, most of them South Korean nationals, were detained at the construction site of a sprawling electric vehicle battery plant on Thursday.
Nearly 500 people, most of whom are South Korean citizens, were arrested at a construction site for a Hyundai electric vehicle battery plant in Ellabell, Ga., on Thursday.
Tesla’s board unveiled a compensation package for the chief executive that could be worth $900 billion if he meets ambitious targets.
Electric models from the luxury car brand have been very successful, but they may struggle once a $7,500 federal tax credit ends next month.
Chinese automakers have rolled out chargers that can mostly recharge a car’s battery in about five minutes. Yet U.S. technology lags far behind.