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Automotive Weekly Round Up: Biden imposes tariffs on China, Mercedes-Benz Alabama...
Earlier this week:Â The Biden administration announced new tariffs targeting Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum, and medical equipment. Workers at the...
Lucid losses narrow in first quarter despite price cuts
Lucid's first-quarter earnings revealed positive shifts for the fledgling brand, with most financial metrics improving despite a global cooldown in battery-powered car demand.
The electric...
VP Kamala Harris announces $100 million in grants for auto suppliers
Vice President Kamala Harris has announced $100 million in federal grants for automotive suppliers as the White House looks to accelerate the car industry's...
Stellantis earnings decline as sales stagnate in U.S.
Stellantis disclosed a 12% revenue decline to $44.7 billion for the first quarter of 2024 compared to the previous year.Â
Stellantis attributed the dip to...
Tesla profits plummet in Q1, company accelerates new product development
Tesla reported steep declines in first-quarter revenue and profit but rallied shareholders over promises of new products.
The electric vehicle manufacturer reported revenue of $21.3 billion,...
General Motors profits rise in Q1, 2024 earnings forecast revised
General Motors beat analyst estimates in its first quarter earnings report, scoring a significant profit boost despite seeing a decline in year-over-year sales.
The Detroit automaker...
Stellantis pays $100,000 to supplier to prevent factory closures in Indiana
Stellantis recently prevented factory closures by paying a supplier $100,000. The supplier, MacLean-Fogg Component Solutions LLC, had threatened to cease shipping pinions and gears...
Tesla share price continues to plunge as Q1 earnings report looms
Tesla share prices continued to fall this week after a leaked internal memo indicated the company planned to lay off more than 10% of...
General Motors to move headquarters next year after almost 3 decades
General Motors will move its headquarters from its home of nearly 30 years to the new Hudson's Detroit building located on Woodford Avenue.
The move...
Lawmaker escalates attack on China-made electric vehicles, calls for ban
Calls for a ban on China-made electric vehicles have escalated in recent weeks following the launch of an investigation in February into whether such...
