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DETROIT – The traditional Detroit automakers – General Motors, Ford Motor and Stellantis – should exit the Chinese market "as soon as they possibly can," Bank of America's top automotive analyst said Tuesday.
The Biden administration reportedly will slap a 100% tariff on Chinese electric vehicle (EV) imports, except that no Chinese cars presently are offered for sale in the United States.
DETROIT – Ford Motor is delaying production of a new all-electric large SUV and pickup truck, as it shifts to offer hybrid options across its entire North American lineup by 2030.
If glittering history is the measure, few American companies can rival United States Steel. Legendary names like Andrew Carnegie and JP Morgan were involved in its creation 120-plus years ago. It was once the world’s most valuable company. It was once the world’s largest steelmaker.