China announces plans to start anti-dumping investigation into Canadian canola imports

China announces plans to start anti-dumping investigation into Canadian canola imports

China said on Tuesday it plans to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak. Canada has followed the lead of the United States and European Union, and announced last week a 100 … Read more

Tesla’s Q1 net income down 55% year over year

Tesla’s Q1 net income down 55% year over year

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

Car rental giant Hertz dumps EVs in U.S. in favour of gasoline engines

Car rental giant Hertz dumps EVs in U.S. in favour of gasoline engines

Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles, including Teslas, from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. Shares of the rental company, which also operates vehicles from Swedish EV maker Polestar among others, fell about four per cent. Tesla’s stock was down about … Read more