The coronavirus pandemic is hobbling U.S. efforts to produce lithium, rare earths and other materials used in EVs and high-tech equipment, dealing a blow to President Trump’s plan to curb Chinese control of the strategic minerals sector.
A multitrillion-dollar bailout sailing through Congress will mean FCA and General Motors will have some company in the corporate Bailout Club. Those new members need to know a few things as they arrive.
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The package includes an unprecedented injection of loans, tax breaks and direct payments for major corporations and individual taxpayers to help the U.S. economy get through an abrupt shutdown. The auto industry did not seek a specific bailout.