The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles.
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.
Trump has suggested he would dismantle the Inflation Reduction Act, which has reshaped America’s energy landscape. It won’t be easy.
Trump has suggested he would dismantle the Inflation Reduction Act, which has reshaped America’s energy landscape. It won’t be easy.
Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.
A plan to revive U.S. chip manufacturing rests partly on a company that is firing workers and delaying factories, even as the government pushes for the opposite.
Mary Barra, G.M.’s chief executive, said that the company had fixed battery-manufacturing problems and that its electric vehicles would soon be profitable.
Officials are looking to foreign sources to ease shortages of IV bags caused by Hurricane Helene as hospitals begin rationing fluids to protect the sickest patients.
The F.D.A. has authorized shipments from overseas plants to ease shortages of IV bags caused by Hurricane Helene as hospitals begin rationing fluids to protect the sickest patients.
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