California Governor Gavin Newsom (D-Calif.) has slammed the Trump administration for letting China race ahead of the U.S. in the electric vehicles and clean energy sectors.‘Doubling Down On Stupid,’ Says NewsomSpeaking at the New York Times' DealBook Summit on Wednesday, Newsom lamented Trump's "1,800s approach" to manufacturing. "China understands the opportunity," Newsom said, adding that the country was increasing its influence in South America and Europe."We are doubling down on stupid here in the Unite ...

Ford Motor Co. (NYSE:F) CEO Jim Farley has reaffirmed the automaker's commitment to building more affordable cars as President Donald Trump scaled back Corporate Average Fuel Economy (CAFE) norms.More Investments In U.S.-Made Affordable VehiclesSpeaking during a press conference at the White House on Wednesday, the CEO reaffirmed that the company will "invest more in affordable vehicles." Farley added that the investment will help Ford "take the lead on" American-made vehicles, increasing affordability.Tran ...