Latest News Updates From Associated Press

GovernmentBusinessFuel

Automakers Seek Lifting of EV Tax Credit Cap

NEW YORK — Major automakers are asking Congress to lift the cap on how many people would be offered tax credits if they buy a hybrid or fully electric vehicles.

June 13, 2022
GovernmentBusiness

Biden Plots Inflation Fight With Fed Chair

WASHINGTON — Focused on relentlessly rising prices, President Joe Biden plotted inflation-fighting strategy May 31 with the chairman of the Federal Reserve, with the fate of the economy and his own political prospects increasingly dependent on the actions of the government’s central bank.

May 31, 2022
GovernmentBusinessSafety

Senate Confirms Steven Cliff to Lead NHTSA

DETROIT — The Senate on May 26 confirmed former California pollution regulator Steven Cliff to run the National Highway Traffic Safety Administration.

May 27, 2022
BusinessFuel

More Memorial Day Travel Expected, Despite High Gas Prices

To drive, or not to drive? This Memorial Day weekend, with surging gas prices that are redefining pain at the pump, that is the question for many Americans as a new COVID-19 surge also spreads across the country.

May 26, 2022
BusinessFuel

Stellantis, Samsung Plan Indiana EV Battery Plant

KOKOMO, Ind. — A joint venture between Stellantis and Samsung plans to build an electric vehicle battery factory in Indiana that will employ up to 1,400 workers and become the company’s second such factory in North America.

May 24, 2022
BusinessLogisticsPrivate

Amazon to Sublease Warehouses as Online Shopping Slows

Amazon is planning to sublease some of its warehouse space now that the pandemic-fueled surge in online shopping, which helped the e-commerce giant rake in soaring profits in the past two years, has eased.

May 24, 2022
GovernmentBusinessSafetyFuel

Europe’s Push to Cut Russian Gas Faces Race Against Winter

While Europeans bask in the warmth of spring, governments are in a race against winter.

May 18, 2022
GovernmentBusiness

Renault to Sell Russian Operations to Moscow

Russia will take control of French car manufacturer Renault’s operations in the country and resurrect a Soviet-era auto brand, officials said May 16, marking the first major nationalization of a foreign business since the war in Ukraine began.

May 16, 2022
Government

DeJoy: ‘Uncomfortable’ Postal Hikes Coming

WASHINGTON — Americans should get used to “uncomfortable” postage rate increases in coming years as the U.S. Postal Service seeks to become self-sufficient, Postmaster General Louis DeJoy said May 5.

May 5, 2022
BusinessEquipment

Stellantis Posts Higher Q1 Revenue Despite Russia Plant Closure

MILAN — Carmaker Stellantis on May 5 reported higher first-quarter revenues despite lower deliveries, with no significant impact from the closure of its Russian plant due to sanctions.

May 5, 2022