Canada Needs $30B for Critical Minerals by 2040
Canada must invest at least $30 billion by 2040 to meet domestic demand for critical minerals essential to its green energy transition, according to a new report from the Canadian Climate Institute.
Ford bets $2B on Kentucky plant for new EV era
From gas heritage to electric future Ford Motor Company is committing nearly $2 billion to transform its Louisville Assembly Plant in Kentucky into a hub for electric vehicle production. After seven decades
U.S. Rare-Earth Magnet Imports from China Surge 660%
Beijing’s Export Curbs Ease Following Trade Framework China’s exports of rare-earth magnets to the U.S. soared in June, climbing 660% month-over-month to reach 353 metric tons, according to customs data. The jump
Ford Beats Q1 Expectations but Suspends 2025 Guidance
Ford Motor exceeded Wall Street’s first-quarter expectations but suspended its 2025 financial guidance due to expected $2.5 billion in tariff-related costs, a move prompted by the ongoing impact of President Donald Trump’s
GM Reports 17% Surge in Q1 U.S. Vehicle Sales
Automaker sees growth across all brands, EV sales nearly double General Motors announced a robust 17% increase in U.S. sales for the first quarter, with all four of its brands—Chevrolet, Cadillac, GMC,
Nissan Drops Honda Merger Talks, Seeks New EV Partner
Nissan is preparing to pull out of merger discussions with Honda as it looks for a new partner to accelerate its transition to electric vehicles (EVs). The talks, which began in December
Tesla Reports First Annual Drop in Deliveries Amid Competition and Challenges
Tesla released its fourth-quarter and annual vehicle production and delivery figures for 2024 on Thursday, revealing the company’s first year-over-year decline in deliveries. While Tesla remains a dominant force in the electric
Honda and Nissan Explore Merger to Compete Globally
Honda and Nissan have announced plans to hold formal talks over the next six months to explore a possible merger, a move that could create the world’s third-largest automaker. Mitsubishi, a smaller
Tesla Stock Soars 22% After Earnings Beat and New Model Announcement
Tesla’s stock had its best day in more than a decade on Thursday, surging 22% after the electric vehicle (EV) giant exceeded earnings estimates and confirmed plans to begin production of a