General Motors Co. has taken a central role in pushing the Treasury Department to change how the government defines a sport utility vehicle and expand how many buyers can get electric vehicle tax credits.
Author: Bloomberg News
Ford, China’s CATL Mull Workaround for New US Battery Plant
Ford Motor Co. and China’s Contemporary Amperex Technology Co. Ltd. are considering building a battery manufacturing plant in Michigan in a complex arrangement designed to reap new tax benefits.
Keystone Partial Restart Delayed, Timeline in Flux
TC Energy’s efforts to restart a segment of its Keystone oil pipeline after a 14,000-barrel spill have been delayed by bad weather, according to people familiar with the matter.
Tesla to Suspend Output at Shanghai Factory in Late December
Tesla Inc. will suspend output in stages at its Shanghai electric car factory from the end of the month until as long as early January, according to people familiar with the matter, amid production line upgrades and slowing consumer demand.
Trade Panel’s Resolution on Car-Content Rules in Favor of Mexico, Canada Over US
A trade dispute-resolution panel sided with Mexico and Canada over the U.S. on rules for cars shipped across regional borders, potentially giving more incentive to make auto parts in those nations.
Tesla to Cut Output of EVs at Shanghai Factory
Tesla Inc. plans to lower production at its Shanghai factory, according to people familiar with the matter, in the latest sign demand in China isn’t meeting expectations.
Kroger, Albertsons CEOs Face Senate Questions Over Merger
Senators pressed the CEOs of Kroger Co. and Albertsons Cos. on Nov. 29 about whether their proposed $24.6 billion deal to create a supermarket giant will benefit consumers in an era of rising inflation.
Airbus CEO Sees Energy Crisis Weighing on Production Next Spring
Airbus SE said production concerns have shifted from a shortage of jet engines to smaller suppliers struggling to cope with spiraling energy costs, with the squeeze expected to become most acute next spring.
Nicole Lashes Florida With Rain, Leaves Thousands Without Power
Nicole, now a tropical storm, is lashing central Florida with heavy rain and powerful wind, leaving a trail of blackouts and floods.
Tesla Sales Rise, but Revenue Still Lower Than Expected
Tesla Inc. shares declined in early trading after the electric car maker reported lower-than-expected revenue and acknowledged it isn’t immune from economic headwinds.