Electric cars too costly for many, even with aid in climate bill

The Senate passed a bill that would give buyers of used electric cars a tax credit. But automakers have complained that the credit would apply to only a narrow slice of vehicles, at least...

Aluminium foundry fights for survival in European gas crisis

By Victoria Waldersee and Martin Schlicht SOLTAU, Germany - Shouting over the clanging of machinery, Gerd Roeders is reluctantly preparing for the temporary shutdown of his German aluminium...

The Sacrifice Zone': Myanmar bears cost of green energy

The birds no longer sing, and the herbs no longer grow. The fish no longer swim in rivers that have turned a murky brown. The animals do not roam, and the cows are sometimes found dead.The people...

Electric cars too costly for many, even with aid in climate bill

The Senate passed a bill that would give buyers of used electric cars a tax credit. But automakers have complained that the credit would apply to only a narrow slice of vehicles, at least...

Reselling new cars suddenly comes with "absolutely insane" profit

Some carmakers are beginning to crackdown on the practice.

Electric Cars Are Too Costly for Many, Even With Aid in Climate Bill

The Senate passed a bill that would give buyers of used electric cars a tax credit. But automakers have complained that the credit would apply to only a narrow slice of vehicles, at least...

U.S. Senate Passes Climate Bill; EV Makers Fight for Tax Credit

By Michael Elkins The United States Senate passed the climate, energy, and health care bill over the weekend, sending it to the House of Representatives for further approval. The bill invests an...

Electric Cars Are Too Costly for Many, Even With Aid in Climate Bill

The Senate passed a bill that would give buyers of used electric cars a tax credit. But automakers have complained that the credit would apply to only a narrow slice of vehicles, at least...

Carvana Risk-Reward 'Unattractive'

By Sam Boughedda JPMorgan analyst Rajat Gupta downgraded Carvana Co. shares to Underweight from Neutral, raising the firm's price target on the stock to $35 per share from $25. The analyst said,...

Here Are The Winners And Losers In The 'Inflation Reduction Act'

Here Are The Winners And Losers In The 'Inflation Reduction Act' As Democrats pat themselves on the back after the Senate finally passed their massive tax, climate, and healthcare...

Axios agrees to $525 million buyout deal with Cox Enterprises

- Cox Enterprises said on Monday it has acquired digital media firm Axios as part of its ongoing efforts to further diversify the conglomerate. The financial terms of the deal were not...

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.66%

Investing.com – Saudi Arabia stocks were higher after the close on Monday, as gains in the Retail, Industrial Investment and Building & Construction sectors led shares higher. The best performers...

Chip and carmaker CEOs meet ahead of Biden signing

By David Shepardson WASHINGTON - The heads of chipmakers GlobalFoundries and Applied Materials (NASDAQ:AMAT) and carmakers Ford Motor (NYSE:F) and General Motors Co (NYSE:GM) were to meet at a...

Chip and carmaker CEOs meet ahead of Biden signing

The heads of chipmakers GlobalFoundries and Applied Materials and carmakers Ford Motor and General Motors Co were to meet at a closed-door summit with U.S. government officials on Monday to...

Carmakers face fierce battle for lithium until 2030, warns top producer

US company Albemarle says market will remain tight for the next seven to eight years

Automakers say 70% of EV models don't qualify for tax credit under Senate bill

Buyers of a majority of electric-vehicle models would not qualify for a $7,500 tax credit under a Democratic proposal in the U.S. Senate. That's according to a group of major...

Better Buy Right Now: Tesla or Ford?

The electric vehicle revolution rolls on, creating increased interest in these two carmakers. But which has more upside potential?

Auto supplier Aptiv cuts forecast on Europe gas supply worries

By Kannaki Deka -Auto parts supplier Aptiv (NYSE:APTV) Plc lowered its annual forecasts for profit and revenue on Thursday, blaming production cuts by major automakers in Europe as the region...

UK new car sales fell 9% in July as supply chain problems continue

Fifth monthly fall in row prompts industry body to cut 2022 forecast even though chip shortages expected to easeSales of new cars in the UK fell by nearly a 10th in July because of supply chain...

Exporters cut year-end targets in blow to Turkish government plans

By Ceyda Caglayan ISTANBUL - Turkish exporters are revising down year-end targets in a move that could derail the government's economic plans as new orders drop amid signs of a global slowdown...

Voestalpine warns outlook depends on continued gas supplies

BERLIN - Austria's Voestalpine warned on Thursday that it expected a significant cooling of the economy in the second half of its fiscal year and said its earnings guidance depended on Europe...

Toyota Shows It’s (Still) Going to Be Hard to Get a Car

The automaker’s tight-knit network of suppliers is legendary. If it’s struggling, that’s a warning for other carmakers.

Lucid Motors Slashes roduction forecast, blaming supply chain chaos

Lucid Motors delivers just 679 vehicles in the second quarter. The California company hopes to challenge Tesla in the luxury car market. It had told investors this year that it would deliver...

Chip makers have a message for car makers: Your turn to pay

By Jane Lanhee Lee, Sarah Wu and Kevin Krolicki - The shortages of computer chips that forced global automakers to scrap production plans for millions of cars over the past two years are easing -...

Chip makers have a message for car makers: Your turn to pay

The shortages of computer chips that forced global automakers to scrap production plans for millions of cars over the past two years are easing - at a new and permanent cost to the car companies.

Carmakers start to see weaker demand amid inflation squeeze

Carmakers are reporting lower demand in Europe and North America amid what analysts say is growing evidence that consumers are balking at higher prices and keeping their cash for necessities.

Carmakers start to see weaker demand amid inflation squeeze

By Victoria Waldersee BERLIN - Carmakers are reporting lower demand in Europe and North America amid what analysts say is growing evidence that consumers are balking at higher prices and keeping...

BMW Flashes Its Warning Lights

Most car makers have stuck with their existing travel schedules this earnings season, reassuring investors worried about weakening demand. Not BMW.

Russia's Avtovaz offers Izhevsk staff $3,000 to quit voluntarily

MOSCOW (Reuters) - Russia's biggest carmaker Avtovaz, which suspended some production due to sanctions and lack of components, is offering workers at its Izhevsk plant a one-off payment of about...

Carmakers say the climate bill sets impossible targets

Automakers may not get crucial electric vehicle tax credits unless they move supply chains out of China. They warn the conditions could be impossible to meet.

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