Lime Rock Park Historic Festival Honors Chrysler Brand
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US will offer $12B to automakers and suppliers for the advancement of new energy vehicles
August 31, 2023 12:15 PM EDTU.S. Secretary of Energy, Jennifer Granholm held a briefing with journalists Thursday where the former governor announced the United States will be making $12 Billion in funds available through grants and loans to automakers and their suppliers for the purpose of retrofitting facilities to produce electric and other advanced vehicles.
The funding will include $10 billion from a federal loan program for clean vehicles and aims to support... More
Canada's Unifor targets Ford (F) in Detroit 3 labor talks
August 30, 2023 11:28 AM EDTUnifor, Canadas largest private union, announced this week that the labor force has selected Ford Motor Company (NYSE: F) as their target in its negotiations with the Detroit Three.
Talks began with the car manufacturers, including General Motors (NYSE: GM) and Stellantis (NYSE: STLA), on August 10th. But on August 29th, Unifor... More
European car sales surge in July; EVs grow 61%
August 30, 2023 10:00 AM EDTThe European Automobile Manufacturers Association (ACEA) published its monthly data on Wednesday, revealing a 15.2% surge in new car registrations in Europe for the month of July. This marks the 12th consecutive month of expansion as the automotive sector rebounds from supply chain challenges brought on by the pandemic.
The sales of electric vehicles surged... More
