Ford to cut 1,300 jobs in China, reports say
Ford’s sales in China fell below half a million units for the first time in a decade in 2022.
Elon Musk to meet President Macron, other leaders at France conference
Elon Musk will meet Finance Minister Bruno Le Maire to discuss newly announced tax credits for green investments that have been unveiled to rival the U.S. Inflation Reduction Act.
Survey: Most dealerships have no EVs and some don't want any
Two-thirds of dealerships said they didn’t have any EVs in stock. Of those stores, 45 percent said they wouldn’t sell EVs even if they could get some.
The latest numbers on the microchip shortage: Europe hit hardest
Tens of thousands of vehicles continue to be cut each week because of the semiconductor shortage, even as microchip capacity improves.
EV startups are still low on cash, Q1 financials show
Companies like Rivian, Lucid and Nikola have fewer months of cash on hand than they did last quarter.