Prime Minister Justin Trudeau joined other political leaders and diplomats in praising — and reflecting on — Joe Biden’s legacy, as Ottawa prepares to work with whoever Americans vote for as their next president this fall. Biden announced Sunday he is abruptly ending his presidential re-election campaign. “I’ve known President Biden for years. He’s a great … Read more
Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable vehicles. The Austin-based company said it made $1.13 billion US from January through March compared with $2.51 billion US in the same period a year ago. … Read more
The Biden administration on Wednesday slashed its target for U.S. electric vehicle adoption from 67 per cent by 2032 to as little as 35 per cent after industry and autoworker backlash in the political battleground state of Michigan. The Environmental Protection Agency (EPA) instead adopted a “technology neutral” regulatory scheme that allows automakers far more freedom … Read more
