Owing to concerns about impeding domestic manufacturing and delaying progress in establishing the EV charging network President Biden vetoes legislation blocking the waiver.

Unionised workers at Audi’s Mexico unit go on strike over a wage dispute, rejecting the carmaker’s 6.5% salary raise offer and demanding a 15.5% increase.

The United Auto Workers praise Joe Biden’s pro-union record, while sharply criticising Donald Trump for allegedly opposing their values.

Musk’s concerns stem from Tesla’s challenges in a price war it initiated to attract consumers amid high borrowing costs.

Tesla’s shares were down 6% in after-hours trading as Elon Musk noted that ramping up production of the new vehicle would be challenging.

Volkswagen shares rose after call with analysts fuelled bets that the car maker might unveil fourth-quarter sales above current market expectations.

Tesla has already sent requests for quotes or invitation for bids for the new affordable model to its suppliers last year.

This strategic move follows the recent appointment of a new global Chief Marketing Officer, signifying a significant reshaping of Maserati’s leadership team.

To address the challenges in the motor business, Nidec anticipates incurring up to 40 billion yen in one-off costs.

The collaboration signifies a strategic alliance aimed at delivering market-leading services and premium products to motorists globally.