EV Factory

Brazilian labor prosecutors filed a lawsuit on Tuesday against Tesla Inc. (NASDAQ:TSLA) rival BYD Co Ltd (OTC:BYDDY), seeking $45 million in damages for alleged human trafficking and slavery-like working conditions at the Chinese automaker’s factory construction site in Bahia state. What...

Ford Motor Company (NYSE:F) is hitting pause on its $12 billion electric vehicle (EV) funding, citing the high cost of EVs and customer unwillingness to pay the premium. This delay includes the proposed EV battery factory in Kentucky. Ford’s transition into an EV-dominant company is set...