Electric cars edge forward in 2017 but still have a long way to go

SAN FRANCISCO — Electric car sales in the U.S. are set to rise nearly 30 percent in 2017. “This was a notably good year,” said Genevieve Cullen, president of the Electric Drive Transportation Association. But the raw number of pure-electric and plug-in hybrid cars sold won’t top 200,000, which represents barely more than 1 percent of… Please follow and like us:

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Tesla tells hundreds of its employees they’re not good enough to work there

SAN FRANCISCO — Firing hundreds of workers all at once is rare, at least in the auto industry. But Tesla Inc. does things differently. Word leaked out Friday that the electric car, battery and solar roof company had bulk-fired several hundred employees. The Mercury News, which broke that story, said Tesla made clear that workers were… Please follow and like us:

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Belt and Road Initiative takes auto industry globally

Neely’s move to acquire Proton in the limelight. More global acquisition to follow suit backed on the Belt and Road Initiative. [Photo/Agencies] But key areas remain underdeveloped, offering new growth drivers Industry insiders have hailed China’s supportive policies as the backbone of expanding international automobile partnerships linked to the Belt and Road Initiative. Cui Dongshu, secretary-general… Please follow and like us:

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Ford profits increase 4 percent to $2 billion for second quarter

DETROIT — Ford said Wednesday it earned a profit of $2 billion during the second quarter, a 4 percent increase from the same period a year ago as profits from the company’s North American region helped it record better-than-expected results. In North America, the Dearborn, Mich., automaker is still churning out profits thanks in part to… Please follow and like us:

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South Korea President Praises U.S. Trade Deal that Trump Denounced 

South Korean President Moon Jae-in Wednesday defended his country’s free trade agreement with the United States, which U.S. President Donald Trump denounced in the past as a “job killing deal.” Moon addressed a pro-free trade audience of business leaders and lawmakers at the U.S. Chamber of Commerce on the first day of his presidential visit to… Please follow and like us:

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South Korea Expecting Tough Trade Talks With Trump

South Korea is expecting tough trade talks ahead with the United States after President Donald Trump strongly criticized the free trade agreement between the two countries for dramatically increasing the U.S. trade deficit. A report by the United States Trade Representative (USTR) laid out key trade objectives for the Trump administration that include “breaking down unfair… Please follow and like us:

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China and Germany Unite Against Trump’s Protectionism

Germany and China are cozying up when it comes to free trade, as President Donald Trump threatens to cut Beijing off. After they spoke on the phone Thursday, German Chancellor Angela Merkel and Chinese President Xi Jinping vowed to “together fight for free trade and open markets,” Agence France-Presse reported. Their remarks came ahead of a… Please follow and like us:

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