Ford blamed a lower-than-expected demand for EVs in Europe on a lack of government incentives to buy the vehicles, and limited investments in sufficient charging infrastructure.
Almost half the respondents polled said their costs have climbed by 20% or more, with about the same number saying they’ve reduced shipment volumes because of higher expenses.
South Korea's president called the situation "extremely bewildering," and noted that it's common for South Korean companies to send their workers to other countries to help set up factories overseas.
As climate change has intensified the risks posed by hurricanes in the Southeast, hospitals and their suppliers will have to prepare for a future of disruptions to their supply chains.
LG Energy Solution has tentatively decided to postpone the start of its EV battery plant with Hyundai in Georgia, according to a report from the Korea Economic Daily.
VW is reportedly close to an agreement with the U.S. that would bring tariffs for the company under 15%, in exchange for sizable manufacturing investments in the country.