The plan makes EVs ineligible for tax credits if they use more than a trace amount of materials from China or other nations designated as a “foreign entity of concern."
CEO Oscar Sevilla said in a December 6 letter to clients seen by Bloomberg News that “the macroeconomic factors working against Mercon have persisted for longer than expected."
The British luxury car manufacturer wants to record operating profits between $3.17 billion and $3.55 billion a year, in line with its plan announced November 28.
The latest news, analysis, trends and solutions regarding sourcing, procurement and supplier relationship management (SRM) and their impact on supply chain management. New technologies in sourcing and procurement are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency, cut costs and build more strategic partnerships. Learn how companies around the world are using sourcing, procurement and SRM solutions for supply chain optimization.
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