Ford Motor said the costs come from its decision to make fewer electric vehicles than it had planned and more hybrids that use both gasoline engines and batteries. Go to Source
Author: New York Times Online News
Ford’s Car of the Future, Hatched in a Skunk Works Near Los Angeles
Desperate to catch up with Chinese automakers, Ford is redesigning its fleet with a Silicon Valley-style team. Is it too late? Go to Source
Trump Returns to Gasoline as Fuel of Choice for Cars, Gutting Biden’s Climate Policy
The president said he would weaken Biden-era mileage standards, which were designed to increase electric-vehicle sales, calling them a “scam.” Go to Source
An Auto Holy Grail: Motors That Don’t Rely on Chinese Rare Earths
Weary of being captive to geopolitics, car companies are looking for ways to replace powerful rare-earth magnets in electric motors. Go to Source
Amid GPS and Ride-Hailing, the Allure of London’s Black Cab Endures
In a world of GPS and car-hailing apps, some Londoners still want to drive a traditional black cab. First, they must memorize thousands of city streets. Go to Source
The Luxury Electric Vehicle Is in Trouble
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
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