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Weekend Round-Up: Ford's Support For CAFE Rollback, BYD's Milestone, GM CEO's Credit For Musk And More
Benzinga· 2025-12-07 13:00
Group 1: Ford - Ford's CEO Jim Farley supports President Trump's rollback of CAFE norms, stating it will enable more investment in affordable vehicles and strengthen the American-made vehicle market [2] - In November, Ford's electric vehicle sales plummeted by 60.8% year-on-year, attributed to a fire at a key supplier and the rollback of the Federal EV Credit, although the Mustang Mach-E saw a 6.7% growth in year-to-date sales [5] Group 2: BYD - BYD has achieved another significant milestone with its electric vehicles reaching one million unit sales, intensifying competition with Tesla and solidifying its dominance in the Chinese EV market while expanding operations in Asia and Europe [4] Group 3: Uber and Waymo - Uber faces challenges from Waymo, which has expanded its market share to 10% in San Francisco, posing a significant threat to Uber's operations [6] Group 4: General Motors - GM's CEO Mary Barra credited Elon Musk and Tesla for the growth of the EV market in the U.S., acknowledging Musk's influence during a conversation with former President Joe Biden [7]