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GovernmentBusinessTechnology

US Weighing Reprieve for Automakers on EV Tax Credits

The Biden administration has discussed giving automakers a temporary reprieve from rules aimed to limit a consumer tax credit for electric vehicles that contain certain foreign materials.

November 29, 2023
BusinessEquipment

Output at Mack Trucks Plants Back to Capacity After Strike

Output at Mack Trucks’ production facilities reached full capacity in recent days after employees returned to work following a six-week strike.

November 29, 2023
BusinessTechnologyEquipment

Tesla Color Wraps May Help Broaden Cybertruck’s Appeal

When Tesla starts Cybertruck deliveries on Nov. 30, color wraps — decorative films applied to the truck's exterior — could soften the edges of a truck seen as too harsh for mainstream buyers.

November 29, 2023
GovernmentTechnologyEquipment

Lithium Price Slump Means Batteries Are Cheaper Than Ever

Lithium's benchmark price in China is now down about 80% from its November 2022 record high. At that time, lithium miners were enjoying soaring profits and carmakers were seeing costs surge.

November 29, 2023
BusinessTechnologyEquipmentFuel

Nikola CEO Girsky’s Duties Expand as CFO Departs

Nikola Corp. CEO Steve Girsky’s workload is set to increase further Dec. 4 with the departure of the truck maker's chief financial officer. 

November 29, 2023
BusinessTechnologyEquipment

Toyota Sells Part of Denso Stake to Raise Cash for EVs

Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan’s top automaker said Nov. 29.

November 29, 2023
BusinessTechnologyAutonomous

GM Says Strike Cost $1.1 Billion, but Raises Dividend

General Motors says pretax earnings took a $1.1 billion hit due to production lost during the UAW's strike, but the company expects to absorb the new contract's costs and raised its dividend.

November 29, 2023
GovernmentBusinessTechnologyTCA

Alabama to Build $30 Million EV Tech Workforce Training Hub

A $30 million workforce training center focused on electric vehicle technology will be built in Decatur, Ala., Gov. Kay Ivey announced Nov. 27.

November 28, 2023
GovernmentBusinessSafety

FMCSA Warning: Drivers Who Drug-Test Positive Will Lose CDLs

FMCSA has issued a warning that late next year truck drivers who test positive for drug use will not only be placed on prohibited status, but will lose their commercial driver licenses.

November 28, 2023
Business

NRF Reports Record Thanksgiving Shopping Weekend

Thanksgiving weekend shoppers surpassed their record turnout from last year, marking a strong unofficial start to the holiday season, according to the National Retail Federation. 

November 28, 2023

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