Jan 15, 2026 | Auto Industry, Detroit, Tariffs, US Economy
President Donald Trump arrived in Detroit on Tuesday to celebrate what he called a historic manufacturing revival, boasting that “investment is booming” and turbocharging growth. But the auto industry’s supposed recovery has yet to show up where it matters most for...
Nov 19, 2025 | Asia, Electric Vehicles, US Economy
South Korea’s government said on Friday it would boost subsidies for electric vehicles (EVs) by 20% next year as part of a package to help the country’s auto industry weather risks caused by U.S. tariffs. The government said in a statement passenger EV...
Oct 16, 2025 | Electric Vehicles, US Economy
U.S. automakers are trimming their outlook for electric vehicles amid lingering consumer doubts, a pullback in federal support and a challenging economic landscape that is affecting all auto sales. On Tuesday, General Motors reported it was taking losses totaling $1.6...
Oct 9, 2025 | Jobs, US Economy, Wind
Beleaguered wind farm operator Orsted announced Thursday that it intends to reduce its workforce by a quarter toward the end of 2027, in a bid to become more competitive and refocus its efforts on Europe. Shares were 0.7% higher in European trade on Thursday. The...
Oct 9, 2025 | Electric Vehicles, US Economy
GM has scrapped a plan that would have temporarily extended access to the $7,500 federal EV tax credit for leased vehicles, reversing course roughly a week after the subsidy officially expired late last month. The program was originally expected to...
Oct 2, 2025 | Featured, Hydrogen, US Economy
The Trump administration is planning to cancel billions of dollars earmarked for hydrogen projects in California and the Pacific Northwest as part of its first tranche of funding cuts following the government shutdown, according to an administration official. The move...
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