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The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.
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General Motors said it was writing down the value of battery and electric vehicle factories after changes in federal policy undercut demand.
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A larger proportion of new cars are being bought by affluent Americans as prices and interest rates for auto loans climb, analysts said.
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At the CES conference, Jensen Huang, the company’s chief executive, said the more efficient and powerful chip would begin shipping later this year.
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As the largest maker of electric vehicles in the United States, Tesla suffered more than other carmakers from the elimination of federal incentives.
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Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only modest savings.
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The political polarization of battery-powered cars may have started when Toyota released its first hybrid model 25 years ago.
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Shares of Tesla have hit new highs on optimism about the company’s self-driving taxis. But experts say Tesla is far behind Waymo, which has a big head start.
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Be sure you have the right equipment and apps for weather and traffic, and don’t forget to check those tires. Here are more tips for hitting the highway.
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Factorial, the start-up, said the listing would provide money that would help it bring new solid-state batteries to market as soon as 2027.
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The auto giant stopped making cars at the plant in Dresden, which opened in 2001, as it faces weaker demand and steep U.S. tariffs.
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Ford Motor said the costs came from its decision to make fewer electric vehicles than it had planned and more hybrids that use both gasoline engines and batteries.
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But he didn’t win it by much, as Max Verstappen made a late-season charge.
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An ex-Marine and a 40-year company veteran, he turned a nearly bankrupt money loser into the world’s most profitable automaker.
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An early grid battery was installed in the Atacama Desert in Chile 15 years ago. Now, as prices have tumbled, they are increasingly being used around the world.