President Trump has announced a staggering 35% tariff on Canadian goods set to take effect on August 1. This move comes as tensions rise in the ongoing trade war, leaving Canadian businesses on edge. Will Canada retaliate?
Tesla shares plummet as Elon Musk's political ambitions clash with investor expectations. After threatening to launch a new political party, the fallout from his split with Trump is costing billions.
Tesla's stock took a nosedive of 7.6% in premarket trading after Elon Musk unveiled plans for a new political party, igniting backlash from Donald Trump. Investors fret over Musk's focus amid rising competition and declining sales.
Thinking of buying an electric vehicle? Time is running out to take advantage of tax credits from both Biden and Trump. Learn how to stack these incentives to save big on your next EV purchase!
The Trump administration's move to eliminate federal tax incentives for electric vehicles could slow down adoption rates, but forecasts suggest it won't stop the electric vehicle revolution entirely. Learn more about the implications.
President Trump visits Pennsylvania to announce a monumental $14 billion partnership between U.S. Steel and Nippon Steel. This investment is set to create 70,000 American jobs and bolster U.S. manufacturing across various industries.
In a significant move amidst a turbulent automotive market, Volvo Cars announces it will lay off around 3,000 employees, impacting 15% of its office workforce. The decision comes as the company grapples with declining sales and rising material costs, prompting an urgent restructuring plan.
Four former Volkswagen executives were sentenced to prison for their roles in a major emissions-cheating scandal that shook Europe's car market. Discover how this saga has transformed diesel technology and the automotive industry.
In a landmark ruling, a German court has convicted four former Volkswagen executives for their roles in the Dieselgate emissions scandal, with two receiving prison sentences. This significant trial has concluded a saga that began in 2015, revealing widespread deceit in the automotive industry.
In a significant move, Volvo Cars reveals plans to cut 3,000 jobs as part of an 18 billion Swedish kronor cost-saving initiative, impacting primarily office roles in Sweden. The decision comes amid uncertainties in the automotive industry, including tariff pressures and a need for improved cash flow.
