Automobiles

• Canada Signs Auto Deal With South Korea, Moving Further from the U.S. - The agreement, while scarce on details, is the latest step by Prime Minister Mark Carney to reduce Canada’s reliance on trade with the U.S.
• Tesla Profit Slumps, but Investors May Not Care - The automaker also said it would invest $2 billion in xAI, the artificial intelligence company controlled by its C.E.O., Elon Musk, and stop making the two oldest cars in its lineup.
• Volkswagen Suffers More Than Rivals From Auto Industry Woes - The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.
• On British Roads, Chinese Cars Are Racing Ahead - BYD, Chery and other Chinese automakers are winning over drivers in Britain, where tariffs are low and buyers are open to new brands.
• Volkswagen to End Production at German Plant, a First in Company History - The auto giant stopped making cars at the plant in Dresden, which opened in 2001, as it faces weaker demand and steep U.S. tariffs.
• Ford Will Take $19.5 Billion Hit as It Rolls Back E.V. Plans - Ford Motor said the costs came from its decision to make fewer electric vehicles than it had planned and more hybrids that use both gasoline engines and batteries.
• Mexico Approves 50% Tariffs on Many Chinese Imports - The tariffs will apply to goods from China and other nations. Washington has been pressuring Mexico to move away from dealing with China.
• Trump Returns to Gasoline as Fuel of Choice for Cars, Gutting Biden’s Climate Policy - The president said he would weaken Biden-era mileage standards, which were designed to increase electric-vehicle sales, calling them a “scam.”