General Motors CEO Mary Barra expressed her concerns about Canada's decision to allow the import of cheap Chinese electric vehicles (EVs) this year. The move has raised eyebrows in the automotive industry, with many questioning its potential impact on the market.
S. tariffs last year as profits dropped.
The situation has also sparked interest from BMW, which is ramping up production of its new electric iX3 model at an unprecedented pace. On the other hand, General Motors is forecasting higher profits in 2026 after taking hits from its EV pullback.
However, the company will be laying off about 700 unionized workers at its Oshawa plant on January 30 as part of a planned reduction in production. In addition to this, GM is working to reduce the cost of its electric vehicles beyond just using less expensive batteries.
Meanwhile, Mercedes-Benz AMG has teased a new extreme CLE coupe variant, while Lucid Motors has made its first prototype of an upcoming mid-size SUV called Earth. Peugeot's CEO is planning to reinvent one of the world's oldest carmakers, and Porsche has appointed a new head of design who could shake up the automaker's future.
This decision by Canada highlights the complexities of the global automotive industry, where supply chains and regulations can have far-reaching consequences. As the industry continues to shift towards electric vehicles, it will be interesting to see how countries balance the need for affordable options with concerns about safety and quality.
