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President Donald Trump acknowledged that there may be an “adjustment period” as his sweeping tariffs take effect but defended his push to remake the U.S. economy.
About half the middle managers at Ford Motor will not get stock bonuses this year in what is seen internally as CEO Jim Farley’s latest attempt to cut the automaker’s bloated costs, according to six people familiar with the matter.
South Korea’s LG Energy Solution is in talks with India’s JSW Energy to manufacture batteries for electric vehicles and renewable energy storage in a joint venture that would need an investment of over $1.5 billion, two sources told Reuters.
NHTSA estimates the new rule will eventually prevent more than 500 injuries and save about 50 lives yearly.
The low-cost government loan for the BlueOval SK joint venture is the largest ever from the government’s Advanced Technology Vehicles Manufacturing loan program.
Incoming U.S. President Donald Trump’s transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations.
The EV will be delayed by a year, Stephan Winkelmann said, adding that the market will not be ready for electric supercars until after 2026.
Shareholders of Shyft, formerly known as Spartan Motors, will own 48 percent of the combined company, while those of Aebi Schmidt will hold the remaining 52 percent, the companies said in a statement.
Chairman John Elkann is moving quickly to dismantle Carlos Tavares’s legacy and repair relations with dealers, industry partners, governments and workers.
A Delaware judge cleared the way on Friday for Elon Musk and Tesla to begin legal appeals to try to reinstate the chief executive’s record-breaking $56 billion pay package.
