BENGALURU, India — The Biden administration hopes to reach limited free trade agreements with countries in Europe and Asia that would not require congressional approval as it looks to ease allies’ concerns about legislation that President Biden signed into law last year, Treasury Secretary Janet L. Yellen said on Friday. The law, known as the… Continue reading U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies
Category: US Motoring Press
Lucid Motors Steps Up Production as Supply Chain Problems Ease
Lucid Motors said on Wednesday that it increased production of its luxury electric sedans by more than 50 percent in the fourth quarter, as better supplies of parts and materials allowed the company to slightly exceed its manufacturing target for the full year. The carmaker said it produced 7,200 vehicles in 2022, its first year… Continue reading Lucid Motors Steps Up Production as Supply Chain Problems Ease
Tesla shares fall nearly 10% after earnings decline from year-ago quarter
Tesla CEO Elon Musk attends the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. The new plant, officially called the Gigafactory Berlin-Brandenburg, is producing the Model Y as well as electric car batteries. Christian Marquardt – Pool/Getty Images Shares of electric vehicle manufacturer Tesla fell nearly… Continue reading Tesla shares fall nearly 10% after earnings decline from year-ago quarter
Ford F-150 Lightning fire footage highlights a growing EV risk
watch now DEARBORN, Mich. — New video footage of a fire involving a Ford F-150 Lightning this year highlights a growing concern around electric vehicles: volatile fires from the batteries that power them. The previously unreleased footage, which CNBC obtained through Michigan’s Freedom of Information Act from the Dearborn Police Department, shows smoke billowing from… Continue reading Ford F-150 Lightning fire footage highlights a growing EV risk
Toyota reveals two more electric cars for China
Toyota displays a new concept electric car — developed jointly with BYD and FAW — at the Shanghai auto show in April 2023. CNBC | Evelyn Cheng BEIJING — Toyota this week began taking orders for its first electric sedan in China, and announced two more models are set to come to the local market… Continue reading Toyota reveals two more electric cars for China
Traffic deaths down slightly in 2022 but still a ‘crisis’
Detroit — The number of people killed on U.S. roadways decreased slightly last year, but government officials said the 42,795 people who died is still a national crisis. Estimates by the National Highway Traffic Safety Administration showed that the number of fatalities dropped 0.3% from the 42,939 killed in 2021. Traffic deaths declined slightly in… Continue reading Traffic deaths down slightly in 2022 but still a ‘crisis’
Michigan lawmakers sign off on $175 million for Gotion development
Lansing — A single vote made the difference Thursday and provided Michigan lawmakers’ final approval of $175 million in incentives for Gotion Inc.’s much-debated electric vehicle battery plant near Big Rapids. The Senate Appropriations Committee voted 10-9 to approve the transfer of state tax dollars, allowing state officials to move forward with spending the money… Continue reading Michigan lawmakers sign off on $175 million for Gotion development
Canada matched Biden subsidies to win Volkswagen battery plant
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. 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 from… Continue reading Canada matched Biden subsidies to win Volkswagen battery plant
Tesla signals more price cuts ahead despite margin damage
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. 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 from… Continue reading Tesla signals more price cuts ahead despite margin damage
Lingenfelter Spring Open House: charity, classic cars, electric El Camino
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. 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 from… Continue reading Lingenfelter Spring Open House: charity, classic cars, electric El Camino