Sales of expensive battery-powered cars like the Ford F-150 Lightning have stalled, forcing automakers to slow production and offer more affordable vehicles. Go to Source
Author: New York Times Online News
Japanese Automakers Warn of Billions in Tariff Losses
Toyota, Honda and Nissan forecast big hits to their profits from higher tariffs that they acknowledged were likely “here to stay.” Go to Source
Elon Musk Wins $1 Trillion Tesla Pay Package
Tesla shareholders approved a plan to grant Elon Musk shares worth nearly $1 trillion if he meets ambitious goals, including vastly expanding the company’s stock market valuation. Go to Source
Volkswagen, Hit by Tariffs, Reports $1.5 Billion Loss and Warns of Chip Shortage
Europe’s largest automaker said a shortage of semiconductors could further hurt productivity. Go to Source
G.M. Will Cut 1,750 Jobs in Electric Vehicle Business
The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars. Go to Source
Ford’s Profit Jumps on Strong Sales but Company Lowers its Outlook
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. Go to Source
Volkswagen Says Loss of Chip Supply Could Hit Production
After China stopped deliveries of Nexperia’s chips over a dispute with the Dutch government, German carmakers are worried about supply shortages. Go to Source
Tesla’s Profit Falls 37% After It Cut Car Prices
The company sold more cars but made less money on each one because of discounts and low-interest loans. Go to Source
G.M. Raises Profit Forecast on Strong Demand and Lower Tariff Costs
The automaker’s shares jumped as investors focused on an upgraded forecast for some financial measures, as well as a lower-than-expected bill for tariffs this year. Go to Source
G.M. Previews Talking Cars, Cheaper Batteries and Other New Tech
Drivers will be able to converse with an artificial intelligence assistant while cars largely drive themselves in certain situations, the company said. Go to Source