U.S. judge denies Hyundai, Kia class-action settlement
A federal judge has denied Hyundai and Kia’s proposed $200 million settlement with consumers who had their vehicle stolen.
NHTSA questions Tesla on how Autopilot system monitors drivers
Federal regulators are honing in on the systems Tesla uses to ensure that drivers are paying attention while their vehicle is operating on Autopilot.
Unifor union picks Ford as Detroit 3 bargaining target in Canada
Union President Lana Payne on Tuesday picked Ford as Unifor’s target automaker — three weeks after hinting she was leaning toward focusing on the company that employs about 5,500 union members in Canada to lead off this year’s contract talks.
U.S. Treasury unveils wage, apprenticeship guidance for clean energy tax credits
The proposed IRS rules for construction of clean energy production and manufacturing facilities build on initial guidance last year in the Inflation Reduction Act, which has enabled the announcement of more than $110 billion worth of clean energy manufacturing investments.
EV battery supplier Redwood Materials raises more than $1 billion to expand U.S. operations
The supplier founded by Tesla board member JB Straubel in February received a conditional commitment for a $2 billion U.S. loan to build a $3.5-billion recycling and re-manufacturing complex in Nevada.