Ford calls on Treasury to loosen terms for new federal EV tax credits
Ford Motor Company is asking the US government to limit what it calls a "foreign entity of concern" so that more vehicles can qualify for the $7,500 electric vehicle tax...
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TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
Headlines
Japan, S. Korea request flexibility with changes to US electric vehicle tax credits
Japan is joining South Korea and the European Union in pressing the US government to loosen new federal tax credits for electric vehicles found in the Inflation Reduction Act.
To qualify...
Atlanta auto dealer Jimmy Ellis passes away at age 67
James “Jimmy” Edward Ellis, a distinguished auto dealer in the Atlanta area, passed away peacefully on November 5, 2022, at age 67. Ellis had served as President and Chief Executive...
October jobs report stronger than expected, employers added 261,000 jobs
The US Labor Department reported job growth in October was better than expected on Friday, despite efforts by the Federal Reserve to slow the labor market through interest rate hikes.
Nonfarm...
Lucid Motors announces live stream event to debut Air Pure, Touring trims
In a press release, Lucid Motors announced it will live-stream a global launch event called "In the Air and Beyond" on November 15, as it debuts the final two trim...
Carvana’s Q3 losses shed light on slowing used car demand
Carvana shares fell in extended trading after the company announced its third-quarter financial results were worse than expected and reflected a decline in nearly every aspect of the used car...
Subaru won’t produce EVs in the US due to McDonald’s competitive wages
Subaru says it has no plans to invest in building electric cars in the US because of high inflation, saying it can't compete with wages paid by McDonald's, Automotive News...
Stellantis Q3 net revenues jump 29% from a year ago
Stellantis announced its third-quarter financial results on Thursday, showing an increase in both revenues and shipments as shortages of semiconductors begin to ease.
The automaker reported third-quarter revenues of $41.2 billion,...
Polestar gets $1.6 billion funding boost from key investors
Polestar announced it has secured 1.6 billion US dollars in financing support from its major shareholders. The Swedish electric performance car brand made the announcement via press release on Thursday,...
Ford’s Oct. sales decline 10% thanks to sputtering supply chain
Ford Motor Company saw its US sales decline by 10% during October as the company struggled with ongoing supply chain issues that caused some shipments to dealers to be delayed.
On...
