Tesla Price Cuts, Repair Costs Impact Profits, Hertz Delays EV Plans

“The introduction of EVs will be slower than previously anticipated,” Hertz CEO Stephen Sher said during the company’s third-quarter earnings conference. at 5:05pm ET Last week, General Motors and Ford announced they would delay spending on electric vehicles, citing slowing demand for BEVs and the EV price war started by Tesla. Source: insideevs.com

Breaking News – MotorTrend Releases New Documentary Examining Chinese Electric Vehicle Production In Mexico And Potential Impact On US Market

Motor Trend releases new documentary examining Chinese electric vehicle production in Mexico and potential impact on U.S. market · The new “MotorTrend Investigates” series debuts today on MotorTrend with the first in-depth report on Chinese EV production in Mexico. Source: Motor Trends