Want to comment on this story? Become a subscriber today. Click here. New York – The U.S. stock market is holding steadier on Wednesday, for now at least, following the sharp tumble that wiped out the last of the “Trump bump” it received following the presidential election in November. The S&P 500 was basically unchanged…
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,…
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Transformers: the rise of smartphone makers in China’s EV arena Thanks to an advanced supply chain, companies…
In This Story This week promises to be exceptionally busy, with a blend of financial updates and festive celebrations. Investors are bracing for a flurry of major earnings reports, providing a crucial snapshot of how various sectors are navigating the current economic landscape. McDonald’s is facing its first lawsuit from the Quarter Pounder E. coli…
In the second instalment of a three-part series on China’s electric vehicles, Daniel Ren and Yujie Xue look at the key technologies of major Chinese EV assemblers battling for supremacy in the world’s largest and fastest-growing automotive market. Click here for the first part. China’s electric vehicle (EV) makers are “an existential threat” to America’s…
European Automakers Don’t Have A Response To China’s EV Offensive It’s been almost two years that China’s biggest EV maker and Tesla Inc (NASDAQ: TSLA) rival, BYD (OTC: BYDDY) entered the EU and the UK. While BYD marches on, traditional automakers like Ford Motor (NYSE: F), General Motors (NYSE: GM) and Volkswagen are struggling to…
NEW YORK (Reuters) – Shares of Ford Motor (F) and General Motors (GM)fell about 5% on Wednesday after Morgan Stanley analysts downgraded the U.S. automakers, citing a challenging market environment marked by falling prices and growing competitive threats particularly from China. Legacy U.S. automakers are faced with high inventories, falling prices, and signs of weakening…