Tag: electric vehicles
Volkswagen unveils ambitious five-year plan, focuses on affordable EVs and major...
Volkswagen has outlined a bold five-year plan aimed at securing future growth and competitiveness despite facing challenges from rising costs, weak demand for electric...
Volvo adjusts production strategy amid market challenges and increased competition
Volvo reported a 12% rise in operating income for 2024, reaching $2.04 billion, driven by an 8% increase in sales and record revenue. However,...
Leadership clash derails Honda-Nissan merger discussions
The potential merger between Honda and Nissan hit a significant roadblock after Nissan withdrew from the agreement due to leadership disagreements.
In December, the automakers...
Toyota accelerates electrification plans amid tariff uncertainty
Toyota is ramping up its electrification efforts with plans to produce batteries for hybrids, plug-in hybrids, and full-electric vehicles at its new North Carolina...
Ford reveals executive shakeup to accelerate Ford+ strategy
On Wednesday, Ford announced a shakeup of its executive leadership team as part of its initiative to accelerate its Ford+ strategy.
The strategy, which...
China strikes back at U.S. tariffs with new duties and export...
President Donald Trump pulled back and paused the enforcement of 25% tariffs on Canada and Mexico at the last minute, temporarily diverting a disastrous...
General Motors expands its electric vision through GM Energy
General Motors (GM) is redefining the role of electric vehicles, turning them into more than just a mode of transportation. Through GM Energy, the...
South Carolina blocks Scout Motors’ direct sales despite $1.3B incentive
Despite South Carolina granting Scout Motors $1.3 billion in incentives to build its $2 billion EV plant in Blythewood, state residents won’t be able...
Tesla’s California sales decline as EV market expands
Tesla's sales in California fell sharply in 2024, marking its first annual decline in the state as competition intensifies.
According to the California New...
Automakers’ stocks decline amid Trump’s tariffs, Canadian retaliation
President Donald Trump followed through with his threats this weekend, imposing sweeping tariffs on Mexico, Canada, and China. The announcement has already triggered retaliatory...
