General Motors said Thursday it has launched an offering of senior unsecured fixed rate notes and it will use money from the sale of the notes to “finance or refinance” green projects such as electric vehicles. Basically, that means GM will be taking out a loan to pay off debt it already owes on any projects in its Sustainable… Continue reading GM seeks Green Bond loan to fund past and future zero emission projects
Category: US Motoring Press
UAW delegates vote to kill strike pay increase in closing hours of convention
In a dramatic reversal shortly before the close of the UAW’s 38th constitutional convention in Detroit, delegates on Thursday voted to undo a $100-per-week strike pay increase approved earlier. That means the strike pay will go back to the $400 per week that had been in place at the start of the convention rather than… Continue reading UAW delegates vote to kill strike pay increase in closing hours of convention
2023 Chevy Colorado ditches V6 and long bed, adds Google and tailgate storage compartment
Chevrolet revealed a new version of its Colorado midsize pickup with a slimmed-down model line Thursday. The 2023 Colorado is expected to go on sale in the first half of 2023. Development prioritized features owners wanted, and added new ones like the ability to receive over-the-air updates, chief engineer Nick Katcherian said. The Colorado’s wheelbase… Continue reading 2023 Chevy Colorado ditches V6 and long bed, adds Google and tailgate storage compartment
Amazon records $3.9 billion loss on Rivian investment, bringing markdown for the year to $11.5 billion
Rivian shares plunged 49% in the second quarter after dropping 52% in the first three months of the year, pulling Amazon’s stake down by $3.9 billion. Go to Source
How an unknown Vietnamese carmaker is trying to beat Tesla in the U.S.
VinFast is an unknown Vietnamese automaker selling electric vehicles (EVs) in America. Top staffers hail from industry leaders such as BMW. Go to Source
Here are 4 things Ford CEO told Cramer that show the automaker’s strength
Ford CEO Jim Farley spoke with Jim Cramer after the automaker’s better-than-expected earnings report Wednesday. Go to Source
Self-driving start-up Pony.ai plans to mass produce robotrucks in China
Self-driving tech start-up Pony.ai announced plans to mass produce autonomous driving trucks in China with equipment manufacturing giant Sany Heavy Industry. Go to Source
Ford’s great quarter, dividend hike are why we’re willing to weather a tough year for the stock
This was a strong quarter for Ford, demonstrating the company’s ability to execute. Go to Source
Payne: Dancin’ in the rain with the nimble Subaru BRZ
This content is only available to subscribers. Get unlimited digital access. $22 for 2 Years. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Payne: Dancin’ in the rain with the nimble Subaru BRZ
House approves $52 billion for chips, teeing up for Biden to sign into law
Washington — The U.S. House approved $52 billion in subsidies and $24 billion in tax credits for the computer chip industry Thursday, despite fierce opposition from Republican leadership incensed by a last-minute Democratic maneuver Wednesday night. The bill, which passed 243-187, will now head to President Joe Biden, who has said he plans to sign it. Among the yes votes… Continue reading House approves $52 billion for chips, teeing up for Biden to sign into law