Microchip shortage will persist, U.S. study says; Commerce Department will review pricing
The ongoing microchip shortage is driven by unrelenting industry demands, Commerce Secretary Gina Raimondo told reporters.
GM electric pickup target: 600,000 a year with historic Michigan investment
The automaker is committing nearly $7 billion, the single largest investment in its history, toward building more electric trucks and electric vehicle batteries in Michigan.
NHTSA seeks more info from Tesla in safety probe of in-vehicle gaming feature
NHTSA’s request comes after Tesla last month told the agency it will stop allowing games to be played on the center touch screen while the vehicle is being driven.
Fed to signal rate hike as it launches risky inflation fight
With inflation punishing consumers and threatening the economy, the Federal Reserve this week will likely signal its intent to begin raising interest rates in March for the first time in three years.
GM EV plans win $824 million in incentives from Michigan
The incentives for GM include a first-of-its-kind $600 million direct taxpayer grant from the state of Michigan.