Volvo Shares Plunge as China Ambitions Fade for Western Carmakers
The Swedish automaker plans to cut another 2,500 jobs, joining competitors in offering a gloomy view of the world’s biggest car market.
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Breaking News, World Updates & Headlines
The Swedish automaker plans to cut another 2,500 jobs, joining competitors in offering a gloomy view of the world’s biggest car market.
Read MoreThe carmaker, which is controlled by Elon Musk and is considering merging with another of his companies, SpaceX, spent heavily on artificial intelligence and other new technologies.
Read MoreGeneral Motors is seeking help from artificial intelligence to keep up with Chinese companies that introduce vehicles very quickly.
Read MoreThailand introduced subsidies and tax cuts to encourage electric vehicle adoption. Now it is trying to recalibrate, alarmed by the threat to its industrial landscape.
Read MoreAt this week’s Paris Motor Show, there are no signs the influx of low-cost Chinese vehicles will slow despite European Union efforts.
Read MoreElon Musk’s company and other automakers, like Jaguar and Bentley, are trying to sell very expensive electric cars to people who usually prefer gasoline-fueled luxury and performance.
Read MoreChina’s exports grew last month at the fastest pace in almost any month since the end of the global financial crisis.
Read MoreConsumers across the continent increasingly want to buy low-cost Chinese vehicles. Policymakers are seeking to slow them down.
Read MoreThe European Union said the deal could roughly halve shipments of hybrid vehicles from China in the next four years. But it also could lead to an even stronger Chinese auto industry.
Read MoreThe German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.
Read MoreThe German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.
Read MoreThe Can-Am Spyder has a devoted fan base across the United States. Now it’s a casualty in the trade war with Canada.
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