Dana Recognized as a 2022 Supplier of the Year by General Motors for the Sixth Consecutive Year
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- Citi cuts Micron stock target, sees memory chip prices peaking in 2Q27
- S&P closes at record high as soft jobs report eases rate-hike concerns
- US suffers unexpected job losses in July, markets dial back rate hike expectations
- Atlassian results seen as 'game changer' for AI kills software worries
- Microsoft only US hyperscaler with positive free cash flow as AI capex bites
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Stricter EV tax credit rules to take effect on April 18
March 31, 2023 1:53 PM EDTThe U.S. Treasury unveiled Friday stricter electric vehicle tax rules that will reduce or cut tax credits on some zero-emission models but grants buyers another two weeks before the new requirements take effect.
The EV battery sourcing guidance issued Friday triggers new requirements for critical minerals and battery components and takes effect for vehicle purchases starting April 18.
The rules are aimed at weaning the United States off dependence on China for EV battery supply chains and part of President Joe Biden's effort to make 50% of U.S. new vehicle sales by 2030 EVs... More
GM and Google (GOOGL) partner to phase out Apple (APPL) CarPlay in EVs
March 31, 2023 12:07 PM EDTGeneral Motors (NYSE: GM) is making the decision to phase out its widely-used Apple (NASDAQ: APPL) CarPlay and Android systems, shifting instead to built-in infotainment systems developed with Google for future electric vehicles. Apple CarPlay and Android Auto systems allow users to mirror their smartphone screens in a vehicle's dashboard display.
As reported by Reuters, starting with the 2024 Chevrolet Blazer, GM is... More
