Ford says unlikely Mustang Mach-E EV will qualify for US federal tax credits in January
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U.S. House votes to pause Biden EV regulations
December 7, 2023 3:48 PM ESTThe Republican-led House of Representatives, on Wednesday, voted to prevent the Biden administration from implementing strict regulations on vehicle emissions, which aimed to have 67% of new vehicles powered by electricity by 2032.
"While EVs may play a large role in the future of the auto industry, Washington should not discount other technologies like... More
Over 1,000 VW workers sign union cards in Tennessee
December 7, 2023 10:34 AM ESTThe United Auto Workers (UAW) union revealed Thursday that more than 1,000 Volkswagen factory workers at the automakers Chattanooga, Tennessee assembly plant have signed union authorization cards.
The news follows an announcement last week where the union said that they would launch a first-of-its-kind push to publicly organize the entire nonunion auto sector in the U.S. A push energized by record contract negotiations with the Detroit Three automakers.
The UAW said last week that when 30% of employees in a nonunionized facility sign cards expressing their... More
Ford (F) says Mach-E unlikely to qualify for tax credits in January
December 6, 2023 3:49 PM ESTFord Motors (NYSE: F) revealed Wednesday that their Mustang Mach-E electric vehicles currently occupying dealership lots are unlikely to meet the criteria for federal tax credits starting in January.
Recent guidance from the U.S. Treasury outlined fresh limitations on battery sourcing set to take effect on January 1st. These restrictions aim to steer the U.S. EV supply chain away from dependence on... More
Deutche Bank releases their top auto picks for 2024
December 6, 2023 2:55 PM ESTDeutsche Bank recently unveiled its top selections in the automotive sector for 2024, reflecting a mixed year with positive strides and persistent challenges. Despite the positive momentum in volume recovery and encouraging trends in EV adoption, the industry faced hurdles such as the enduring impact of a lengthy UAW strike and fluctuating EV adoption rates due to pricing uncertainties and tax credit fluctuations.
The analysts at Deutsche Bank are cautious about the upcoming year, citing uncertainties in the economic outlook for both Europe and the US. They anticipate a scenario where global automotive volumes either plateau or decline, offering... More
