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Sales of expensive battery-powered cars like the Ford F-150 Lightning have stalled, forcing automakers to slow production and offer more affordable vehicles.
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Toyota, Honda and Nissan forecast big hits to their profits from higher tariffs that they acknowledged were likely “here to stay.”
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A leading German automotive supplier said it was again allowed to ship semiconductors that Beijing had barred for export.
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Tesla shareholders approved a plan to grant Elon Musk shares worth nearly $1 trillion if he meets ambitious goals, including vastly expanding the company’s stock market valuation.
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Europe’s largest automaker said a shortage of semiconductors could further hurt productivity.
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The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars.
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Ford said a fire at an aluminum factory will lower profits in the last three months of the year. The company also said it has stopped making an electric version of its popular F-150 pickup.
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After China stopped deliveries of Nexperia’s chips over a dispute with the Dutch government, German carmakers are worried about supply shortages.
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The company sold more cars but made less money on each one because of discounts and low-interest loans.
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The automaker’s shares jumped as investors focused on an upgraded forecast for some financial measures, as well as a lower-than-expected bill for tariffs this year.
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Drivers will be able to converse with an artificial intelligence assistant while cars largely drive themselves in certain situations, the company said.
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Whether they’re on the Pacific Coast or in the Rockies, these short drives offer plenty to see and do — so much, in fact, that you might want to take it slow.
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The revival of America’s industrial base is happening amid pine forests and peanut farms. And it’s being led by a South Korean company.
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Economists and psychologists say that compensation may not provide as powerful an incentive as is often assumed.
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Carmakers and their suppliers are piecing together new supply chains after a Chinese-owned company in the Netherlands was caught in the middle of the trade war, revealing European vulnerabilities.