LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.
Automakers and parts suppliers would struggle if President-elect Donald J. Trump followed through on his threat to impose 25 percent tariffs on imports from Canada and Mexico.
Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.
The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.
The new agreement, which builds on an earlier announcement, calls for the German automaker to invest $5.8 billion in Rivian, a maker of electric vehicles.
Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect.
Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect.
Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect.
Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect.
Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect.
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