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BusinessTechnologyFuel

Tesla CEO Elon Musk Takes Control of Twitter

Tesla CEO Elon Musk has taken control of Twitter and ousted the CEO, chief financial officer and the company’s top lawyer, two people familiar with the deal said Oct. 27.

October 28, 2022
BusinessTechnologyAutonomous

Ford Cuts Investment in Autonomous Vehicle Unit Argo

Ford is pulling out of its investment in Argo AI, an autonomous vehicle company that it jointly owns, mainly with Volkswagen.

October 26, 2022
GovernmentBusinessTechnology

EU, US Set Up Task Force to Resolve Electric Vehicle Feud

The U.S. and the European Union have set up a task force to resolve a dispute over electric vehicle batteries that the EU says would discriminate against manufacturers in the 27-nation bloc and break World Trade Organization rules.

October 26, 2022
BusinessTechnologyFuel

Honda, LG to Build $3.5 Billion Battery Plant, Hire 2,200 in Ohio

COLUMBUS, Ohio — Honda says it will build a $3.5 billion joint-venture battery factory in rural southern Ohio and hire 2,200 people to staff it as the company starts to turn the state into its North American electric vehicle hub.

October 11, 2022
GovernmentBusinessTechnology

Schumer Says Micron to Bring Microchip Plant to Upstate New York

NEW YORK — Micron, one of the world’s largest microchip manufacturers, is expected to open a semiconductor plant in New York, promising an investment of up to $100 billion and a plant that could bring 50,000 jobs to the state, the Senate majority leader says.

October 4, 2022
GovernmentBusinessTechnologyEquipmentFuel

Biden Pledge to Make Federal Fleet Electric Faces Slow Start

WASHINGTON — President Joe Biden, a self-described “car guy,’’ often promises to lead by example on climate change by moving swiftly to convert the sprawling U.S. government fleet to zero-emission electric vehicles. But efforts to eliminate gas-powered vehicles from the fleet have lagged.

October 3, 2022
BusinessTechnologySafetyLogisticsAutonomous

Tesla Q3 Sales Bounce Back but Fall Short of Estimates

AUSTIN, Texas — Tesla’s sales rose 35% in the July-September period compared to the second quarter as the company’s huge factory in China got past supply chain issues and pandemic restrictions.

October 3, 2022
BusinessEquipment

GM Spending $760 Million to Convert Toledo Factory to Make EV Parts

General Motors says it will spend $760 million to renovate its transmission factory in Toledo, Ohio, so it can build drivelines for electric vehicles.

September 23, 2022
BusinessTechnologyEquipment

Parts Shortage Forces Ford to Cut Its Q3 Earnings Forecast

DEARBORN, Mich. — A parts shortage that has thousands of Ford’s most-profitable vehicles sitting on lots waiting to be fully assembled has forced the automaker to slash its third-quarter earnings forecast.

September 20, 2022
BusinessFuel

Shell CEO to Step Down as Oil Giant Looks to Climate Goals

LONDON — Shell CEO Ben van Beurden is stepping down at the end of 2022 after nine years in charge, the energy giant said Sept. 15, a change that comes as oil and natural gas companies are under pressure to shift away from fossil fuels .

September 15, 2022