Volvo drops 2030 all-electric target amid slow EV demand
Chinese-owned Volvo, which builds electric models in China, has been particularly hit by tariffs in the U.S. and the EU.
Ford recalls more than 100,000 vehicles due to faulty engine part
F-150, Ford Edge, Bronco, Explorer, Lincoln Nautilus and Aviator 2021-22 models may have intake valves that crack or break, leading to a loss of power.
Why Lear is going all in on automation
The long-term need for factory jobs is increasing, but there are fewer people to fill them. For Lear, automation is the answer.
SpaceX aborts Starlink launch attempt as Polaris Dawn still in waiting pattern
SpaceX called off a Wednesday launch attempt for a Starlink mission from Cape Canaveral because of downrange weather for the booster recovery while the Polaris Dawn mission from Kennedy Space Center remains on hold also because of weather concerns for its eventual landing site.
The Starlink launch, though, has another shot to fly on Thursday, when a Falcon 9 with 21 Starlink satellites could lift off from Canaveral’s Space Launch Complex 40 during a four-hour window that runs from 8:35 a.m.-12:35 p.m.
Space Launch Delta 45’s weather squadron forecasts a 70% chance for good launch conditions Thursday.
The first-stage booster for the flight is making its 15th trip to space with a targeted landing downrange in the Atlantic on the droneship Just Read The Instructions.
It marks the 62nd flight from the Space Coast in 2024 with all but four coming from SpaceX.
Awaiting the green light to fly still is SpaceX’s next crewed mission, Polaris Dawn, aiming to fly billionaire Jared Isaacman and three crewmates riding in the Crew Dragon Resilience on a five-day orbital mission launching from KSC’s Launch Pad 39-A.
Harris to propose tenfold startup tax incentive increase she says will spur small business creation
By WILL WEISSERT, Associated Press
WASHINGTON (AP) — Vice President Kamala Harris plans to propose on Wednesday a tenfold increase in federal tax incentives for small business startup expenses, from $5,000 to $50,000, hoping to help spur a record 25 million new small business applications over her four-year term should she win the presidency in November.
She’s set to unveil the plan during a campaign stop in the Portsmouth area of New Hampshire — marking a rare deviation from the Midwestern and Sunbelt battlegrounds the Democrat has focused on in her race against former Republican President Donald Trump.
A Harris campaign official, who spoke on the condition of anonymity to discuss a policy plan that hadn’t been released publicly, said Tuesday the change would cover the $40,000 it costs on average to start a business. The proposal would let new businesses wait to claim that deduction until they first turn a profit, to better maximize its impact lowering their taxes.
Such changes would likely require congressional approval. But a series of tax cuts approved during the Trump administration are set to expire at the end of next year, setting up a scenario where lawmakers may be ready to consider new tax policies. The proposal can help Harris show her support for entrepreneurs even as she’s called for higher corporate tax rates.