The American automaker said the job losses were due to demand for electric vehicles remaining "well below industry forecasts.
DETROIT — The global shortage of semiconductors is forcing General Motors and Ford to further cut production at North American factories as chip supplies seem to be growing tighter. The shutdowns ...
BERLIN (Reuters) -Ford will cut up to 1,000 jobs in electric car production in the German city of Cologne due to weak demand, the U.S. carmaker said in a statement on Tuesday. "In Europe, demand ...
Fortune reports a U.S. battery surplus emerging as EV demand slows, with BloombergNEF estimating domestic battery deployment through 2030 falling sharply versus pre‑policy expectations; cancellations ...
The company will continue to offer about $6,000 in savings on EV leases through October, with the cost footed by GM.