Latest

Hefty electric vehicle costs dent Ford profits
Hefty electric vehicle costs dent Ford profits

Ford reported lower profits Monday and reduced its full-year earnings outlook as hefty one-time electric vehicle (EV) expenses weighed on results. The results were the latest in which Ford has seen profits from its conventional internal combustion engine and fleet businesses offset losses in electric vehicles.

US finalizes curbs on investing in Chinese tech
US finalizes curbs on investing in Chinese tech

The administration of President Joe Biden has finalized curbs on US investments in sensitive technologies like semiconductors in China that pose a threat to national security, the Treasury Department said Monday.