We learned a few days ago that the Canadian government of Justin Trudeau is preparing to impose new tariffs on electric vehicles made in China to “align Canada” with the actions taken by the United States and the European Union. However, the report said that Trudeau took cautious action because of concerns about China’s “retaliation.” […]
According to CNBC, Tesla’s internal data shows that the company’s large -scale layoff measures have reduced the total number of global employees to more than 121,000 (including temporary workers). As far as this year, Tesla has cut at least at least at least at least at least 14%of […]
According to the Yonhap News Agency, on June 23, the South Korean Automobile Association (KAMA) stated that thanks to the strong demand for environmental protection models and SUV models, South Korea ‘s automobile export volume in 2024 is expected to reach a record high. According […]
Global automaker Stellantis announced that it will further cut its workforce to adapt to the ongoing transformation of the electric vehicle market. The company’s chief financial officer Natalie Knight revealed that the plan will focus mainly on the North American market and include measures to outsource some engineering work. Stellantis’ decision is part of […]
San Antonio, Texas, June 24, 2024 — Toyota has confirmed plans to invest $531 million in its assembly plant near San Antonio, Texas. This significant investment is aimed at producing “powertrain components” for the Tundra and Sequoia vehicles, creating over 400 new jobs in the region. Boosting Local Manufacturing Toyota’s investment will enhance its […]
June 23, 2024 — Automotive News has released its 2024 ranking of the world’s top 100 automotive suppliers. Bosch, ZF Friedrichshafen, and Magna International secured the top three positions, respectively. Chinese companies made a significant presence on the list, with 15 companies featured, including five in the top 50. Contemporary Amperex Technology Co. Limited (CATL) […]