Cyberattack on key parts supplier triggered dispute that cost Stellantis $300M, lawsuit says
The automaker lost more than $300 million in revenue because it was unable to manufacture 6,000 vehicles without parts from Yanfeng, the lawsuit says.
Ally net income plunges 51% in Q1, auto applications set record
Ally’s auto business saw a record 3.8 million applications from consumers during the first quarter with 40% of new loan originations in the top credit tier.
U.S. trade chief calls for 'decisive' action to shield EV sector from China
The U.S. must take “decisive” action to protect electric vehicles from subsidized Chinese competition, U.S. Trade Representative Katherine Tai said on Wednesday as she completes a review of Trump-era China tariffs and considers President Joe Biden’s call for higher tariffs on imports of Chinese steel.
GM EV owners can power home with bidirectional chargers
The bidirectional chargers will be available nationwide, but the equipment required for vehicle-to-home energy transfers will be offered in just five states to start.
Mexico, facing U.S. pressure, will halt incentives to Chinese EV makers
Mexico’s federal government, under pressure from the U.S., is keeping Chinese automakers at arm’s length by refusing to offer such incentives as low-cost public land or tax cuts for investment in EV production, three Mexican officials familiar with the matter said.