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Mercedes-Benz faces an ultimatum: divest from China or lose the U.S. market

China's growing influence in the global auto industry has become a major issue in the United States, with lawmakers increasingly scrutinizing foreign ownership of automakers. While much of the focus has been on keeping Chinese brands out of the U.S. market, proposed legislation could also have unintended consequences for long-established manufacturers already operating in the States.

Honda’s $9 billion EV gamble just claimed its latest victim

The last year has been a roller-coaster for those competing in the world of electric vehicles. From tariffs to the removal of the federal tax incentive for EVs, demand for electric vehicles has slowed down drastically. For those that invested the most, like Honda, this turbulence has been quite costly. Now it has officially claimed another victim.

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