For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt
LFP has sparked new interest especially in the U.S., where a clutch of domestic and overseas manufacturers has pledged more than $14 billion in new production facilities.
Morgan Automotive buys Al Hendrickson Toyota
Morgan Automotive added Al Hendrickson Toyota, a high-performing, family-run Toyota store in Coconut Creek, near Fort Lauderdale, Fla.
Move your cash to higher-yielding accounts
Q: What should I be doing with cash in my accounts? – N.C., Orlando
A: As interest rates increase, we are starting to see much better yields in money market funds, high-yield savings accounts and CDs. Rather than keeping large balances in a checking account, consider moving some of it to a money market fund or high-yield savings account. – Colby Winslow
Q: I have four mutual fund accounts with the same company, and they are telling me I should move them into one brokerage account. Is this a good idea? – F.S., Orlando
A: Doing so would possibly make it easier for you to keep up with them. Be sure to ask about any costs associated with the brokerage account. Otherwise, I think it makes sense to help simplify your investments. – Chris Toadvine
Have a question? E-mail askanexpert@fpafla.com. Include your name (only your initials will be printed), hometown and phone. Questions are answered by Certified Financial Planners from the Financial Planning Association of Central Florida. Answers are for educational purposes only; you should also consult a financial professional. Questions and answers may be edited for space considerations.
Legacy parts makers and newcomers are shifting to an EV supply chain
Suppliers are spending big money on new projects to build components for electric vehicles and the batteries that power them.
Promising EV brands struggle this year despite strong U.S. market
Rivian, Lucid, Nissan, Porsche and Cadillac are among brands with relatively weak numbers, according to four-month registration data from Experian.