Tag: industry news
Ford CEO Jim Farley shares more details about the automaker’s EV...
Ford intends to let buyers either order electric vehicles online or straight through a dealership, according to CEO Jim Farley, who made the announcement during...
2023 Ford Maverick debuts with a new Tremor off-road package
Ford announced that it will offer a Tremor package for the 2023 Ford Maverick. Without adding too many of the specialized features that raise the...
Fed Official Neel Kashkari says inflation is more cause for concern...
According to data released last Thursday by the Bureau of Economic Analysis, the country’s gross domestic product declined for the second consecutive quarter, which is...
Nikola acquires EV battery pack supplier Romeo Power for $144 M
Electric heavy truck maker Nikola announced on Monday that it had reached a $144 million agreement to buy EV battery pack supplier Romeo Power, giving the business...
Congress approves $280 bln bill to bolster US chip production
Late last week, a bipartisan majority in the House approved a $280 billion piece of legislation meant to revive American production of semiconductor chips, a...
General Motors offering Green Bonds to finance sustainability projects
For the first time ever, General Motors has offered green bonds, joining its rivals in utilizing the sustainable debt market to finance the switch to electric...
Manchin, Schumer reach surprising deal on hefty climate action bill
In a surprise turn of events, Senate Majority Leader Chuck Schumer and Senator Joe Manchin announced a deal that includes $369 billion for energy and...
Randy Parker promoted to Chief Executive Officer of Hyundai America
In response to the ongoing chip scarcity, Hyundai Motors, the largest automaker in South Korea, announced Friday that it has appointed a new Chief Executive...
GDP slips 0.9% for second straight quarterly decline—Biden, Yellen deny US...
According to the Bureau of Economic Analysis, US GDP, or gross domestic product, shrank by 0.9% in the second quarter. To tackle inflation and decrease the...
Sonic Automotive reports all-time record revenues and gross profit for Q2
Sonic Automotive has reported its second quarterly earnings. According to a press release, Sonic Automotive had an all-time record adjusted earnings of $3.7 billion,...
