Tesla cuts contractors from California, Nevada factories as shutdown extends

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Tesla Inc is axing contractors from its American car and battery plants, CNBC reported on Friday, mentioning workers and a contract staffing agency. The electric automaker is cutting contractors at both its vehicle assembly plant located in Fremont, California, and at its Gigafactory located outside of Reno, Nevada, according to the CNBC report. The cuts […]

German auto sector could experience some decline if Trump announces tariffs

Berlin

Germany’s automotive sector could drop as much as 12% over “three bad trading days,” if the US President Donald Trump imposes tariffs on European automakers, one analyst informed CNBC. Trump has until Friday midnight (Washington time) to decide if he should impose duties on auto imports. This would possibly damage Germany, the EU’s traditional growth engine, since […]