General Motors Names Ascent a 2022 Supplier of the Year
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- Nasdaq, S&P dip, trading choppy as tech stocks fall
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- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
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- Needham Starts NeoVolta (NEOV) at Buy
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- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
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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
