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Under the new proposal, tailpipe emissions will have to be reduced by 90% by the middle of the next decade compared with the current goal of a 100% reduction.

Ford Motor Co. will take $19.5 billion in charges tied to a sweeping overhaul of its electric vehicle business after struggling for years to make it profitable.

It’s been a rocky comeback for Tesla, whose share price has more than doubled since it hit a low in early April amid a wider market meltdown sparked by President Trump’s tariff offensive.

A shortage of oil tankers is becoming so acute that newly built vessels, which usually carry refined fuels on their maiden voyages, are instead racing empty to pick up crude as soon as possible. 

The automaker will equip its upcoming R2 sport utility vehicles with Rivian Autonomy Processor 1 chips and a new lidar sensor. TSMC will produce the chips.

Kenworth and Peterbilt continue to build out their battery-electric tractor and truck portfolios, launching three new models each Dec. 9.

“We can and we must pursue our climatic goal in an effective way, while not killing our competitiveness in the meanwhile since there is nothing green in an industrial desert,” EU leaders said.

Trump’s proposal represents a win for the auto and oil industries that argued the requirements pushed the bounds of available technology for getting more miles out of each gallon of fuel.

Beta is “akin to a young Tesla, but with a more attractive end market of aerospace, which has higher barriers to entry than autos,” said Morgan Stanley analysts in a note.

More than eight out of 10 consumers who put down a $100 reservation on a Scout have selected plug-in hybrid versions over EVs.