Automotive News

Mexico's federal government, under pressure from the U.S., is keeping Chinese automakers at arm's length by refusing to offer such incentives as low-cost public land or tax cuts for investment in EV production, three Mexican officials familiar with the matter said.

Electric vehicles on average were discounted nearly $6,000 in the first quarter, according to Cox Automotive.

Toyota's retooled 2025 Camry features an exclusive hybrid powertrain with fuel economy estimated at 53 mpg city, 50 mpg highway and 51 mpg combined, nearly as good as the Prius.

Bosch said cuts were necessary to make sure it remains competitive in an environment where most of its big peers, including Continental and ZF, have all announced job cuts.

The Charlotte, N.C., event space is the latest effort by Ford to create unique experiences such as the Bronco Off-Roadeo, Mustang Dark Horse Track Attack and Ranger Raptor Assault School.

Tesla has announced it will slash its global headcount by more than 10 percent as the automaker struggles with slowing demand for electric vehicles.