Ford’s first-quarter adjusted profit falls, sees increase in hybrid vehicle sales
Ford CEO Jim Farley says he has walked back some of the company’s EV ambitions to better match consumer demand. Hybrids are a...
Tesla reiterates $10 billion capital expenditure target for this year
Tesla projects future costs after signalling change in direction during disappointing Q1 earnings report.
How Volvo landed a cheap Chinese EV on U.S. shores in a trade war
$35,000 Volvo EV hits a sweet spot in the American market, combining Chinese manufacturing cost advantages with Volvo's presence in United States.
Tesla’s quarterly revenue falls for the first time since 2020
Tesla's revenue fell in the first quarter as it handed over fewer electric vehicles to customers due to slowing demand and intense competition...
General Motors beats quarterly results targets – as gas funds EV work
The automotive giant has raised its annual forecast, saying stable pricing and gas-powered vehicles will help ease investors' concerns over continued EV development.
Honda to build electric vehicles and batteries in Canada’s Ontario: source
Honda will build electric vehicles and their parts in Ontario with financial support from the Canadian and provincial governments under a plan to...
Automakers hope for a cut as two-way EV charging becomes real
Motoring brands pursue bidirectional, or vehicle-to-grid (V2G), EV charging that lets owners charge at overnight off-peak rates then sell power back to grids...
GM and Ford count on gas-powered trucks as EV growth slows
The slowdown in EV demand and competition from Chinese automakers have forced delays in investments and cost cutting for GM and Ford
EV-maker Rivian cuts 1% of workforce in second job cut this year
Electric-vehicle maker Rivian said on Wednesday it cut about 1% of its workforce as it reduces cost amid a broader slowdown in EV...
US issues over $580 million in advance EV tax rebates to auto dealers since Jan 1
The U.S. government has reimbursed auto dealers for more than $580 million in advance point-of-sale consumer electric vehicle tax credit payments since Jan....
