The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles. Go to Source
Author: New York Times Online News
Installing E.V. Chargers is Finally Paying Off for Retailers
Companies see charging as a potentially profitable business in and of itself, not just as a spur for foot traffic and sales. Go to Source
Volkswagen and Rivian Form Joint Venture, Deepening Alliance
The new agreement, which builds on an earlier announcement, calls for the German automaker to invest $5.8 billion in Rivian, a maker of electric vehicles. Go to Source
Trump’s Tariffs Could Deal a Blow to Mexico’s Car Factories
The president-elect has said he could impose punitive tariffs on car imports from Mexico, a move that could hurt factories and workers on both sides of the border. Go to Source
Nissan Cuts 9,000 Jobs and Slashes C.E.O.’s Pay in Half
The Japanese automaker is carving deep cuts in its global operations as it struggles with a steep drop in sales. Go to Source
Tesla’s Stock Jumps After Trump’s Victory
Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect. Go to Source
G.M.’s Electric Vehicle Sales Surge as Ford Loses Billions
Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal. Go to Source
Volkswagen May Close German Plants for First Time in Its History
The auto maker’s top employee representative told workers that management planned to shutter three German factories to cut costs amid slumping sales. Go to Source
Tesla’s Shares Surge 20% After Strong Earnings and Outlook
The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models. Go to Source
In Mexico City, F1 Teams Must Cope With the Altitude
The thinner air affects the cars in many ways, including the performance of the turbo engines, brakes and tires. “It’s like driving in the wet,” the driver Lance Stroll of Aston Martin said. Go to Source