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...“This is what the US government wanted to see from the beginning and is the result of its recent industrial policy of giving subsidies for localised production.”...
...But it has not been willing to fund a new supply chain for mass car production. Scrapping a project with high upfront costs makes sense. Competition has grown. Tesla has been forced to cut its prices....
...He added: “We see the big three [Ford, GM, Stellantis] backing off on big EV investments and going into hybrids.”...
...BYD has slashed prices of almost every model in its line-up since the start of the year under the slogan “electricity is cheaper than oil”, followed by its competitors including Geely and SAIC-GM-Wuling,...
...Ford and GM have pulled back on EV volumes and cut prices....
...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
...Its current campaign, far from the UAW’s heartland in the industrial upper Midwest, has again encountered pushback....
...In response, the report said, Volkswagen and GM sought to minimise their responsibility for supply chain oversight....
...Tesla blames supply problems, pointing to conflict in the Middle East and an arson attack at its Berlin factory. But a gap between production and delivery numbers suggests issues with demand....
...One industry expert echoed that point, saying demand for EVs is still good, but the supply is better....
...In October, GM announced a one-year delay in expanding production for all-electric trucks at its Orion Assembly plant in Michigan....
...These are hard calls and we’re in no position to forecast the EV supply-demand balance....
...Data group Cox Automotive found that car dealers only have a 20-day supply of GM’s Chevrolet Colorado midsize truck, down from 35 days last month, while the supply of GM’s GMC Canyon midsize truck has shrunk...
...Shares of LGES, which supplies batteries to Tesla, GM and other automakers, closed down 8.7 per cent at Won409,500, the lowest level in more than a year....
...Knight said supply chain problems that had held back deliveries in Europe had now largely dissipated. Stellantis’s shipments of cars were up 11 per cent in the third quarter to 1.4mn vehicles....
...“Building this alternative supply chain for electric vehicles is a very, very heavy lift that’s going to require a lot of legal expertise to implement,” says Craig Glidden, general counsel at GM....
...Spirit is a crucial industrial partner in the Northern Ireland Advanced Composites and Engineering Centre, a research lab located next door....
...Spirit supplies Boeing with the fuselage to the 737 Max, and Boeing comprises nearly two-thirds of its business....
...While the company pointed to several issues that blighted the first quarter, including disruption in the Red Sea supply route that forced its Berlin plant to halt production, former executives and analysts...
...He has spent years tying the company’s fortunes to China and built a supply chain that is heavily dependent on factories in Shenzhen and Zhengzhou — although the company is now trying to diversify manufacturing...
...GM halted the division’s work and regulators are investigating the case....
...In Brussels, fears of a wave of Chinese-made cars have led the European commission to probe Beijing’s industrial support as well as boost its own local subsidies....
...it from agreeing to similar terms as GM....
...Demand for infrastructure investments is reigniting after a year of weak fundraising, as businesses seek to profit from transitions to cleaner energy and supply chains that are closer to consumers....
...VW and GM are two of the largest established carmakers operating in China but alongside their rivals across Europe, Japan and the US, all are struggling to maintain their position in the Chinese car market...
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