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 to Recall 362,000 Cars With Its ‘Full Self Driving’ System
Tesla is recalling more than 362,000 cars equipped with its Full Self Driving driver-assistance system after government regulators found it increased the risk of accidents. The company’s technology, which can steer, accelerate, brake and change lanes on its own, allows vehicles to travel above legal speed limits and through intersections in “an unlawful or unpredictable… Continue reading Tesla to Recall 362,000 Cars With Its ‘Full Self Driving’ System
Shoichiro Toyoda, Who Helped Make Toyota a Global Force, Dies at 97
TOKYO — Shoichiro Toyoda, the chief of the automotive giant Toyota, who led the company as it expanded production into North America in the 1980s and helped transform it into a global brand, died on Tuesday. The son of the company’s founder, he was 97. Toyota said in a statement that the cause was heart… Continue reading Shoichiro Toyoda, Who Helped Make Toyota a Global Force, Dies at 97
Tesla Will Open Some Chargers to All Electric Vehicles
Tesla will open some of its fast chargers, which had been exclusive to its customers, to all electric vehicles by the end of next year, the Biden administration said on Wednesday as it announced a broad effort to improve charging and encourage more people to buy battery-powered vehicles. The company’s network of fast chargers has… Continue reading Tesla Will Open Some Chargers to All Electric Vehicles
Warren Buffett-backed BYD announces new shock absorption tech for premium EVs
BYD’s Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China. Evelyn Cheng | CNBC SHENZHEN, China — Electric vehicle giant BYD is banking on new driver-assist technology to smooth out car rides and get the edge on its EV competition. BYD, backed… Continue reading Warren Buffett-backed BYD announces new shock absorption tech for premium EVs
Club meeting recap: Jim Cramer says ‘buy Ford, don’t sell it,’ while also touting Caterpillar
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Labor costs still elevated Watch Caterpillar Buy Ford 1. Labor costs still elevated Stocks ticked lower Monday. It was the first regular trading session since Friday’s jobs report from the… Continue reading Club meeting recap: Jim Cramer says ‘buy Ford, don’t sell it,’ while also touting Caterpillar
That $7,500 electric vehicle tax credit may soon be harder to get. Here are 2 workarounds
Jackyenjoyphotography | Moment | Getty Images Why the new EVs credit may be harder to claim The Inflation Reduction Act, which President Joe Biden signed in August, set various manufacturing requirements for new all-electric and plug-in hybrid vehicles to be able to qualify for the full $7,500 tax credit. As of Aug. 17, for example,… Continue reading That $7,500 electric vehicle tax credit may soon be harder to get. Here are 2 workarounds
Here’s why leasing an electric vehicle is about to become a lot more popular
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Tesla to open battery factory in Shanghai as China seeks foreign investment
This content is only available to subscribers. Get unlimited digital access. $1 for the first 6 months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on… Continue reading Tesla to open battery factory in Shanghai as China seeks foreign investment