China files complaint at World Trade Organization over EU tariffs on Chinese electric vehicles

GENEVA (AP) — China has moved forward with a complaint at the World Trade Organization that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles. The Chinese diplomatic mission to the WTO said Monday it “strongly opposes” the...

Nevada lithium mine will crush rare plant habitat US said is critical to its survival, lawsuit says

RENO, Nev. (AP) — Conservationists and an advocacy group for Native Americans are suing the U.S. to try to block a Nevada lithium mine they say will drive an endangered desert wildflower to extinction, disrupt groundwater flows and threaten cultural resources. The Center for...

Ethiopia bans imports of gas-powered private vehicles, but the switch to electric is a bumpy ride

ADDIS ABABA, Ethiopia (AP) — As the price of fuel soared in Ethiopia earlier this year, Awgachew Seleshi decided to buy an electric car. That aligned with the government's new efforts to phase out gas-powered vehicles. But months later, he's questioning whether it was the right decision. ...

Musk tests the role of money in U.S. politics with multimillion-dollar effort to back Trump

WASHINGTON (AP) — Next week’s presidential election isn’t just a referendum on Donald Trump and Kamala Harris. It’s also a measure of the influence the world’s richest man wields over American democracy. Elon Musk, the South African-born tech and business titan, has spent...

Harris team warns CEOs that Trump is a threat to economy, while Trump says tariffs can drive growth

WASHINGTON (AP) — Kamala Harris ' campaign is actively warning business leaders that Donald Trump has a pattern of disregard for democracy and the rule of law that would threaten U.S. economic growth — a closing argument designed to show the possible consequences for companies and workers if he...

Volkswagen says cost cuts are urgently needed as its earnings decline sharply

BERLIN (AP) — Volkswagen said significant cost cuts are urgently needed as it reported a steep decline in third-quarter earnings on Wednesday and faced employee representatives angry at the possibility of the automaker's first plant closures in Germany. The company reported net...

What to know about Europe's tariffs on Chinese electric vehicles

FRANKFURT, Germany (AP) — The European Union has finalized its sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports of green technology to the 27-nation...

The EU is imposing duties on electric vehicles from China after trade talks fail

BRUSSELS (AP) — The European Union is imposing duties on imports of electric vehicles from China starting Wednesday after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute. Electric vehicles have become a major flashpoint in a broader...

EU set to impose duties on imports of electric vehicles from China from Thursday

Ford cuts 2024 earnings guidance due to warranty costs and slow pace of cost cutting

DETROIT (AP) — Stubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Co.'s profits this year, causing the company to lower its full-year earnings guidance. That pushed the company's stock price down 6% in trading after Monday's closing bell....