President Trump is planning on imposing 25% tariffs on all goods coming from Mexico and Canada, and 10% on China starting Tuesday, thus increasing costs for automakers whose supply chains and manufacturing are spread across North America.
Mercedes-Benz’s refocus on traditional gasoline and diesel models is behind the automaker’s response to a dramatic collapse in EV sales and headwinds in China. The AMG performance brand is replacing the 4-cyl. plug-in hybrid used in current C-Class models with a mild-hybrid V-8.
Regulators hope to avoid industry crisis as falling BEV sales, punitive zero-emission-vehicle sales fines and cheap Chinese imports push Europe's auto industry to the brink.
For the first time, EY’s tracking study on consumer demand for and acceptance of electrified vehicles shows a majority want at least a hybrid for their next purchase.
