But last year, all-electric vehicles accounted for just 5.8 percent of new cars sold in the United States. Mr. Biden last year signed a law designed to encourage Americans to buy more electric vehicles by providing up to $7,500 in tax credits to purchasers, but many foreign-made vehicles aren’t eligible for the tax credits. Experts… Continue reading Auto-Industry Group Assails Biden’s Plan to Electrify America’s Cars
Category: US Motoring Press
Lordstown Motors, an Electric Truck Maker, Files for Bankruptcy
Lordstown Motors, the troubled electric vehicle company that bought a shuttered General Motors factory in Ohio with grand plans to create the Tesla of pickup trucks, filed for bankruptcy protection on Tuesday. Once hailed by former President Donald J. Trump for preserving manufacturing jobs, the company struggled with a series of development setbacks and frequent… Continue reading Lordstown Motors, an Electric Truck Maker, Files for Bankruptcy
Tesla May Have Already Won the Electric Vehicle Charging Wars
Mary Barra and Elon Musk may be intense business rivals, but they sounded like old pals as they chatted on Twitter this month about a deal that could help remove one of the biggest barriers to electric vehicle ownership: not enough chargers. Ms. Barra, the chief executive of General Motors, had just agreed to follow… Continue reading Tesla May Have Already Won the Electric Vehicle Charging Wars
Ford’s Battery Joint Venture to Get $9.2 Billion Government Loan
Ford Motor and its battery manufacturing partner will receive a $9.2 billion loan to build three battery factories in Kentucky and Tennessee, the Department of Energy said Thursday. The loan is the single biggest financial commitment the Biden administration has made in its effort to build an electric vehicle manufacturing network in the United States.… Continue reading Ford’s Battery Joint Venture to Get $9.2 Billion Government Loan
Ford’s dividend quality, J&J’s split-off, cost basis discipline — what we think about all these
Send your questions directly to Jim Cramer and his team of analysts at investingclubmailbag@cnbc.com . Reminder, we can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. Question 1: What are your thoughts on the stability of FORD’s dividend? Thank you, Denise The quickest… Continue reading Ford’s dividend quality, J&J’s split-off, cost basis discipline — what we think about all these
Lawmakers seek review of Ford partnership with Chinese battery supplier
Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Bill Pugliano | Getty Images News | Getty Images DETROIT… Continue reading Lawmakers seek review of Ford partnership with Chinese battery supplier
EV battery plants emerge as wild card issue in UAW contract talks
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT – In already-contentious labor talks between the United Auto Workers union and major automakers, there’s a wild-card issue hanging over the discussions. Multibillion-dollar EV… Continue reading EV battery plants emerge as wild card issue in UAW contract talks
How BMW uses A.I. to make vehicle assembly more efficient
Artificial intelligence is making a big effect on the auto industry. Revenue from sales of autonomous vehicles is anticipated to top $70 billion by 2033, according to Future Market Insights. But self-driving cars powered by AI are not the only change — AI technology is already being infused into vehicle production. related investing news As… Continue reading How BMW uses A.I. to make vehicle assembly more efficient
GOP House leaders investigate Ford battery agreement for Marshall plant
This content is only available to subscribers. Get unlimited digital access. $1 for the rest of the year. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics… Continue reading GOP House leaders investigate Ford battery agreement for Marshall plant
Exclusive: Anand Group’s Anevolve-Headspring JV results in commissioning of new tech centre in Gurugram
New Delhi-headquartered Tier-I automotive major Anand Group has commissioned a new technology centre in Gurugram, Haryana. The facility – Anevolve Headspring Engineering Centre (ANHS) – is part of the JV signed between Anand Group’s clean-technology platform Anevolve (majority stakeholder), and Japan’s Headspring, in January this year. Under the partnership, the duo has envisioned to conceptualise,… Continue reading Exclusive: Anand Group’s Anevolve-Headspring JV results in commissioning of new tech centre in Gurugram