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.
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.
China isn’t just building gigantic amounts of power. Its businesses are reshaping technological foundations to electrify the world.
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.
As the largest maker of electric vehicles in the United States, Tesla suffered more than other carmakers from the elimination of federal incentives.
Liberals should reconcile with America’s oil and gas industry.
The automaker switched production from Ontario in a bid to please President Trump. But the company defaulted on contracts covering hundreds of millions of dollars in assistance, Canada said.
Sales of expensive battery-powered cars like the Ford F-150 Lightning have stalled, forcing automakers to slow production and offer more affordable vehicles.
Has anything really changed in the decade since the Paris Agreement was reached? Actually, quite a lot.
Two economists on the price of playing nice with a superpower.
Mr. Musk’s supporters say he may quit if shareholders don’t approve a trillion-dollar package. Some investors say it’s excessive and would give him too much sway.
The leaders of Canada and China will meet for the first time in eight years to try to reset relations after years of acrimony.
The company sold more cars but made less money on each one because of discounts and low-interest loans.
The announcement, which will eliminate about 1,200 jobs, came less than a week after the carmaker Stellantis said it would move production of a new vehicle to Illinois from a Toronto suburb.
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.
Francesca Paris, an Upshot reporter, shows how the quick growth of electric vehicle charging stations has continued in the United States despite the Trump administration’s hostility to the green energy transition.
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.
