Cars Commerce Q4 results benefit from D2C Media acquisition
Cars Commerce booked $8.3 million in Q4 net income compared with $10.3 million in the year-earlier period.
U.S. plans $544 million loan to SK Group for silicon carbide chip wafer production in Mich.
The U.S. Department of Energy has conditionally agreed to loan $544 million to a subsidiary of SK Group to support the expansion of a silicon carbide semiconductor wafer facility in Michigan.
American Battery Solutions gets $166 million conditional U.S. loan for EV battery packs
The U.S. Department of Energy said it conditionally agreed to loan $165.9 million to finance American Battery Solutions’ expansion of advanced battery pack production for electric vehicles.
GM to resume BrightDrop EV van output at Canada plant April 1, Unifor says
BrightDrop van production at the plant is scheduled to resume on one shift April 1, while battery module production in a newly expanded part of the manufacturing site will get underway the week of March 25, Unifor said.
Cadillac Lyriq EV again eligible for $7,500 federal tax credit
Buyers of the Lyriq temporarily lost access to the EV consumer tax credit because two minor components did not comply with new battery sourcing rules effective this year.