The outcome of a vote on Friday by workers at a Mercedes-Benz factory in Alabama will be a key referendum on whether the UAW can maintain momentum in the historically anti-union South.
Read More UAW’s influence tested in pivotal Alabama Mercedes-Benz factory union vote
Ford Motor Company reported a loss of $1.3 billion in the first quarter of 2024 on electric vehicles or more than $130,000 for each EV sold.
Read More Ford Loses $1.3 Billion On Electric Vehicles In First Quarter of 2024
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
Ford Motor has announced the car manufacturer is delaying production of the planned launches of three-row EVs in Canada and its next-generation pickup truck in Tennessee.
Read More Ford Delaying Electric SUV, EV Truck Production
A near-term global slowdown is causing pain, including bankruptcies, scrapped initial public offerings and production cuts.
Read More Industry pain abounds as electric car demand hits slowdown
Tesla tumbled nearly 11% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts.
Read More Tesla set to erase $70 billion in valuation after Musk’s sales warning