Corporate / Financial

In a constant talk of EVs and sustainability, arguably one of the most iconic car manufacturers, Porsche, made quite a strategic decision of sticking to combustion engine cars indefinitely. It is indicative of the conundrum that car companies face as they try to drive innovation between the old, reliable internal combustion engine and the new, critical electric systems. However, in...

During a financial conference call to review Ford’s performance in the year 2024, the company’s chief executive Jim Farley said that tariffs might be a potential accelerant of the destruction of the automotive industry and consumerism. Earlier this week, the administration of Trump placed a 25-percent tariff on goods imported from Mexico and Canada and then removed it and replaced...