Germany’s largest automaker rode a wave of strong sales for years, but lagging demand and pressure from China are forcing it to consider layoffs.
Tag: Automobiles
Volkswagen’s Woes Reflect a Stagnant German Economy
Germany’s largest automaker rode a wave of strong sales for years, but lagging demand and pressure from China are forcing it to consider layoffs.
Tesla Sales Increase, Suggesting Electric Car Demand Is Rebounding
The automaker reported a gain of 6.4 percent for the latest quarter, its first such increase this year.
A Mercedes-Benz Fire Jolts South Korea’s E.V. Transition
The government is aggressively promoting electric cars. But a dramatic blaze in an underground lot has left some potential buyers worried about safety.
Are Electric Cars Worth the Money?
They can be, but it depends on your driving habits. We break it down for you.
Canadian Auto Parts Billionaire Faces Sexual Assault Charges
A police force outside Toronto said that charges against Frank Stronach, 91, relate to episodes from as long ago as the 1980s and as recent as last year.
U.S. to Announce New Tariffs on Chinese Electric Vehicles
The administration could raise tariffs on electric vehicles from China to 100 percent in an attempt to protect American auto manufacturers.
Tesla Will Lay Off More Than 10% of Global Workforce
Along with the departure of two senior executives, the cuts added to signs of turmoil at the electric car company.
How Elon Musk Became ‘Kind of Pro-China’
Mr. Musk helped create China’s electric vehicle industry. But he is now facing challenges there as well as scrutiny in the West over his reliance on the country.
Tesla’s Pivot to China Saved Musk. It Also Binds Him to Beijing.
Tesla and China built a symbiotic relationship, with credits, workers and parts that made Mr. Musk ultrarich. Now, his reliance on the country may give Beijing leverage.