Ford to Cut 1,000 Jobs Over Weak Demand for Electric Vehicles

The American automaker said the job losses were due to demand for electric vehicles remaining "well below industry forecasts." ... Read More

'Budget-friendly' Chinese electric vehicles threaten to derail the future of British car manufacturing

Cheap Chinese cars are set to take over the car market as British and European makers continue to focus resources and output on premium SUVs, a new report has warned. Chinese makers are already ... Read More

The American Car Industry Can’t Go On Like This

Listen to more stories on the Noa app. This article was featured in the One Story to Read Today newsletter. Sign up for it here. Last year, Ford CEO Jim Farley commuted in a car that wasn’t made by ... Read More

GM plans shift shutdowns at plants that produce electric vehicles

General Motors' Spring Hill Assembly plant in Tennessee is planning several weeks of downtime in the coming months, according to a memo obtained by the Detroit Free Press. Additionally, the Detroit ... Read More

Buying an EV? Here’s why electric cars are so heavy

EVs weigh much more than ICE cars on average. There are safety concerns for collisions with other vehicles, pedestrians and cyclists. Automakers are developing new batteries that offer more range and ... Read More

Ford says it's investing $5 billion in EV production, with a new model to start at $30,000

Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read More