Farley had spent years telling staff and investors that catching up to Tesla and China’s leading EV makers amounted to an existential struggle.
Read More Ford’s EV retreat highlights industry dilemma: Build for the US or the world?
Tag: Chinese automakers
Advance Auto Parts To Shut Down At Least 500 Stores, Reducing Workforce As ‘Car Repairs Decline’
The automotive aftermarket parts provider Advance Auto Parts announced on Thursday that it will close more than 500 stores by mid-2025, while also cutting jobs in an effort to save money.
Read More Advance Auto Parts To Shut Down At Least 500 Stores, Reducing Workforce As ‘Car Repairs Decline’
GM and Ford count on gas-powered trucks as EV growth slows
GM and Ford face a challenge in common when explaining to investors where profit growth will come from.
Read More GM and Ford count on gas-powered trucks as EV growth slows