Vremt, a subsidiary of Chinese automaker Zhejiang Geely Holding Group Co., is suing battery maker Sunwoda Electronic Co. for at least 2.31 billion yuan ($330 million) over alleged product defects. The lawsuit, filed in the eastern Chinese city of Ningbo, …
Carmakers Bank on $2.3B in Future Tariff Refunds
Some automakers this week got a first-quarter profit boost—at least on paper—from future refunds of tariff payments they made to the U.S. government, risking potential
