Samsung Electro-Mechanics develops the world's highest capacity MLCC for electric vehicles
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- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
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U.S. administration announces $51M investment towards EV charging network
May 19, 2023 11:12 AM EDTThe Biden-Harris administration, on Thursday announced a $51 million Ride and Drive Electric funding opportunity through President Bidens Bipartisan Infrastructure Law to accelerate the electrification of the nations transportation sector and spur private sector investments in clean transportation.
This funding will help to increase reliability of chargers by providing funding for validating and testing charging equipment and increase opportunities for underserved communities through new jobs and training resources.
Thanks to President Bidens Investing in America agenda, we are developing a... More
Ford (F) joins Stellantis (STLA) in calls for extension of post-Brexit trade rules
May 17, 2023 10:29 AM EDTAmerican automaker, Ford (NYSE: F) on Wednesday called for the post-Brexit EU trade requirements on rules of origin for electric vehicles (EVs) to delayed until 2027 from 2024, saying tariffs will add pointless costs for consumers and slow the transition to electric.
"Ford is calling for current trade requirements to be extended to 2027, to allow time for the battery supply chain to... More
Stellantis (STLA) warns UK factories will close if Brexit deal is not changed
May 17, 2023 9:59 AM EDTStellantis (NYSE: STLA), the world's No. 3 carmaker by sales and owner of 14 brands including Vauxhall, Peugeot, Citroen and Fiat has warned the U.K. that British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated.
According to Stellantis, under the current deal it would face tariffs when exporting electric vans to Europe... More
