The upcoming week can see tariffs on clean-energy goods from China increasing as much as 400 percent. When it comes to the tariffs on electric vehicles manufactured in China, US officials expect to raise the tariff rate from 25 percent to nearly 100 percent, sources told WSJ.
Ford Motor announced on Friday that John Lawler would step down as CFO in early 2025, with former Lucid finance chief Sherry House set to succeed him by then.
The Biden administration is poised to unveil fresh tariffs on China next week, with a focus on key sectors such as electric vehicles, batteries, and solar cells, diverging from Trump's broad tariff approach.
Donald Trump, the Republican presidential candidate running against Biden in the upcoming presidential election on November 5th, pledged to overturn many of the Biden administration's environmental regulations.
In March, the European Union's car market faced its first monthly decline of the year, marking a 5.2% drop to 1 million units — the European Automobile Manufacturers' Association (ACEA) numbers unveiled on Thursday.
Federal investigators from the National Transportation Safety Board (NTSB) revealed on Monday that the driver of an electric Ford Mustang Mach-E involved in a fatal crash earlier this year was utilizing the automaker's self-driving technology known as "Blue Cruise."
On Wednesday, Ford Motor announced a 6.8% increase in first-quarter U.S. auto sales and a remarkable 86% surge in electric vehicle sales, totaling 20,223 units sold during the first quarter of 2024.
