“Cannot Continue”: Volkswagen Hits the Gas on Cost Cuts Amid Tepid EV Demand, Increased Chinese Competition
(DCNF)—Volkswagen (VW) said Wednesday that it needs to cut costs amid slackening consumer demand for electric ...
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Tag: Automotive
Elon Musk Warns “Car Industry Very Difficult” as “Ford and Tesla” Only “US Car Companies That Haven’t Gone Bankrupt”
(Zero Hedge)—Elon Musk appeared at the Greater Philadelphia Expo Center in Montgomery County on Friday night ...
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Trump Vows to Implement New Tax Incentives That Would Boost U.S. Auto-Manufacturing Industry
(Natural News)—Former President Donald Trump has promised a series of new tax incentives that would boost ...
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Three Reasons for Ford’s Massive Retreat From Electric Vehicles
(AIER)—In August, Ford announced it was spiking its plan to roll out an all-electric three-row SUV, ...
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Yet Another Automaker Backs Off Its Big EV Push After Realizing Most Consumers Aren’t Interested
(DCNF)—Swedish automaker Volvo Cars said on Wednesday that it is scrapping its goal of going fully ...
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