Tesla is currently surrounded by major layoffs, vehicle price cuts and urgent calls by investors for clarity on product strategy.
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Author: WionDrive News Desk
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In Europe, low development of passenger car demand combined with weakened subsidies reduces electric car spread.
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A fresh, recently established Mercedes plant in Alabama is scheduled to be the next one to hold a UAW election.
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BYD is also poised to introduce its small electric mini Seagull to the UK as an arch-rival to the Dacia Spring.
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Tesla has been adopting the price reduction strategy in order to woo customers amid slowing EV demand and its ageing model lineup.
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INDUSTRY NEWSLatest News
US states sue to block rules curbing tailpipe emissions in cars, light trucks
The EPA rules aim to cut fleetwide tailpipe emissions for cars and light trucks by nearly 50% through 2026 levels in 2032.
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The elections follow months of organising efforts at several non-union automakers owned by foreign companies.
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“Sales of Chinese smartphone maker Xiaomi’s first electric car have been 3-5 times higher than expected”, said CEO Lei Jun.
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Around 135,000 Prius hybrid cars manufactured between November 2022 and April 2024 were recalled in Japan due to problems with rear door handles.
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The layoffs follow the cancellation of Tesla’s long-promised inexpensive car, expected to cost USD 25,000, that investors have been counting on.