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Ford is slashing another 4,000 jobs in Europe as it struggles to keep pace with the market’s shift to electric vehicles (EVs). The American automaker said a “highly disruptive” EV market and new competition are causing significant losses in the region. Ford’s announcement comes as China’s leading EV maker, BYD, is quickly catching up in
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Tesla CEO Elon Musk is to officially join Trump’s administration as the co-head of the new US Department of Government Efficiency – a second federal department with the goal of making government spending more efficient. You can’t get more ironic than that. Throughout the elections, Musk, who is already CEO of Tesla, and SpaceX, a
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The updated 2025 Porsche Taycan EV, with more range, performance, and faster charging, just gained three new variants. With 13 versions now available, the Porsche Taycan lineup has an option for almost everyone. “We are continuing this success story with the extensively updated Taycan,” Kevin Giek, head of the Taycan lineup, said after unveiling the
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Tesla’s stock (TSLA) has surged to a $1 trillion valuation – seemingly over the assumption that the Trump and Musk relationship is going to benefit the automaker. The company is virtually worth more than the next 10 biggest automakers combined. Tesla has extended its post-election rally another 7% this morning – resulting in its valuation
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