The Chinese auto industry is also trending down after carmakers were forced to delay the delivery of some vehicles due to a production issue with computing units made by Huawei.

ThyssenKrupp said that it had invested $37 million in the new San Luis Potosí service center, which will go towards creating roughly 65 jobs.

Affected models include the 2023 versions of Tesla Model S, Model X and Model Y vehicles, based on a document published by the National Highway Traffic Safety Administration January 23.

The impacts of tariff are both beneficial in the short run but could be counterproductive in the long run.

The quarter-mile segment of 14th Street will be used to test and perfect the technology ahead of making it available to the public within a few years.

BASF will arrange the recycling process for lithium-ion batteries produced by the group on its vans, buses and trucks, including the collection, packaging, transporting and recycling processes in European countries.

Trucking operators have been slow to invest in the vehicles because of concerns about cost and durability and a lack of battery-charging infrastructure to support trucks on long hauls. 

For manufacturers that fretted over component shortages in 2021 and 2022, the current inventory glut is reminding them of that unsettling maxim: Be careful what you wish for.

The American car manufacturing giant said that it would be cutting back production at its Michigan Rouge Electric Vehicle Center to just one shift starting April 1, 2024.

Stellantis will temporarily lay off 2,250 Italian workers after announcing plans to cut the jobs of 539 supplemental workers in the U.S.