The leader of Canada’s most populous province and the heart of its vital auto industry said on Friday that he would call early elections because he needed a stronger hand to deal with President Trump’s plan to impose tariffs on Canadian exports. “With a strong mandate, we will be able to fight with Donald Trump…
SHANGHAI/BEIJING (Reuters) – China’s top electric vehicle producer BYD is set to show further market share gains when November vehicle sales data is released on Monday, putting it on course to exceed its annual goal and overtake Ford and Honda in global sales. BYD has been on an extraordinary expansion this year, growing capacity and…
Ford announced this week that it’s cutting 4,000 jobs from its European workforce, most of them in Germany and the United Kingdom. The automaker noted that in Europe, it’s lost money in recent years on passenger cars. It pointed to increased competition as well as the industry shift to electric vehicles, which it called “highly…
Ford Motor Co. has announced plans to reduce its European workforce by 14%—eliminating 4,000 jobs by the end of 2027—as it faces mounting challenges in the electric vehicle (EV) market. The move comes amid sluggish sales, stiff competition from subsidized Chinese automakers, and what Ford describes as a lack of government support for EV adoption,…
The logo of the Ford Motor Company is displayed on the front grille of an electric Ford Transit … [+] being charged in a dealership in Bristol, U.K. (Photo: Matt Cardy) Getty Images Automobile manufacturing giant Ford has announced 4,000 job cuts across its European operations blaming stalled electric vehicle sales on the continent. The…
Ford Motor Company has announced plans to cut 4,000 jobs in Europe and the U.K. by the end of 2027, attributing the decision to sluggish electric vehicle (EV) sales, economic pressures, and Chinese competition in the automotive sector. The automaker said most layoffs would occur across their two German plants. Of the total job cuts,…
Tesla stands to benefit from any removal of consumer tax credits on electric vehicle purchases. The move could hurt competitors more, CEO Elon Musk said. Tesla makes a vast majority of EVs sold in the US, but its lead has started to slip slightly. Thanks for signing up! Access your favorite topics in a personalized…
Shanghai-based BYD Co (BYDDY, Financial), China’s largest new-energy car maker, is speeding up in the global auto industry and closing the gap with Ford in terms of sales volume. As a result of new demand and a high production expansion rate, BYD sales by the end of October increased by 36% compared with the corresponding…
DETROIT (AP) — The U.S. government’s auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after the company replaced engines or extended the warranty on some vehicles. The National Highway Traffic Safety Administration says in documents posted Monday on its website that its analysis traced the problem to intake valves that…
Car companies are cutting costs heading into the end of the year. A price war in China poses a threat to profitability. Bloated inventory leads to production cuts. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our…