Faced with weak sales in early 2025, U.S. electric car maker Tesla is attracting consumers by offering charging discounts and low-interest loans in a bid to revive sales. Tesla provides free lifelong super charging service for consumers who purchase Foundation Series Cybertruck after February 28. At the same time, the company also launched a zero-interest loan or zero down payment discount for Model 3 and launched a price reduction promotion for the old Model Y to accelerate the production of the new Model Y. The higher-end Tesla Model X and Model S models also enjoy lifelong free super […]
Automakers are trying to reduce costs and consumers may delay buying new cars, resulting in a decrease in car production in North America by about one-third next week as U.S. President Donald Trump imposed 25% tariffs on Mexico and Canada, CNBC reported. According to the latest analysis by data and forecast company S&P Global Mobility, North America lost car production could reach about 20,000 vehicles per day. If Trump’s tariffs on Canada and Mexico are not changed or cancelled, the impact on production and the possibility of layoffs will continue to increase. The S&P […]
According to Bloomberg, U.S. President Trump demanded the end of a bipartisan-backed $52 billion semiconductor subsidy program that has prompted companies such as TSMC and Intel to invest more than $400 billion in the United States. On March 4, Trump lashed out at the US Chip and Science Act, calling it a “extremely bad bill.” He urged U.S. House Speaker Mike Johnson to repeal the bill and recommended that the remaining funds be used to reduce debt or any other aspect. Trump’s remarks sparked applause in the U.S. Congressional Hall, […]
According to foreign media reports, Mercedes-Benz said on March 4 that it has won the consent of the Labor and Industrial Commission and will provide employees with voluntary resignation compensation plans and cut the original plan salary increase by half. This is part of a broader cost-cutting move by Mercedes-Benz to boost profitability. Mercedes-Benz declined to say how many jobs it would cut, but said workers in production jobs would not be affected and ruled out the possibility of forced layoffs. In addition, management has agreed to extend the work guarantee period until the end […]
According to Bloomberg Intelligence, these tariffs imposed by Trump on Mexican and Canadian vehicles could reduce European automakers’ earnings by 5.88 billion euros (about $6.2 billion) this year. On March 4, Bloomberg Industry Research senior industry analyst Michael Dean wrote in a note that the Stellantis group, which owns brands such as Jeep, Ram, Chrysler and Dodge, may import about 417,000 cars to the United States this year from Mexico and Canada. Dean estimates that Stellantis’s €3.44 billion in revenue and Volkswagen’s €1.77 billion in revenue will be at risk if the company does not take […]
According to foreign media reports, in February this year, Ford’s sales in the United States fell by 9% year-on-year. Although electrified models, including pure electric vehicles and hybrid vehicles, sales of fuel vehicles (ICEs), which account for more than 85% of delivered volumes, fell by nearly 13%. In February, U.S. consumers demand for Ford hybrids was strong, with sales rising 27.5% year-on-year to 15,357 units; consumer demand for pure electric vehicles rose 15% to 7,326 units. Among them, Mustang Mach-E became the highlight, with 3,312 units sold in the United States in February, a year-on-year […]