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Volvo, Northvolt Join Forces on European EV Battery Factory

Volvo Car Group and Swedish battery maker Northvolt AB will jointly build an electric car battery factory in the latest move by European manufacturers to localize cell production in the region.

June 21, 2021

After Blowing $300 Billion, US Shale Finally Makes Money

After years of booms and busts that produced astronomical losses along with a whole lot of oil, the fracking industry seems to have found a sweet spot. It’s poised to generate more than $30 billion of free cash this year.

June 18, 2021

In Reversal, Lordstown Motors Says It Has No Firm Truck Orders

TOLEDO, Ohio — Struggling electric truck maker Lordstown Motors said June 17 it doesn’t have any firm orders for its vehicles, just days after its president said the company had enough to maintain production through 2022.

June 18, 2021

Ford Acquires Battery-Management Startup to Charge EV Fleets

Ford Motor Co. has acquired a startup that specializes in managing charging networks for commercial electric vehicles, a business the automaker hopes could generate as much as $1 billion in revenue by 2030.

June 17, 2021

Sen. Manchin Cites ‘Grave Concerns’ About US ‘Going to the EV’

WASHINGTON — U.S. Sen. Joe Manchin, a conservative Democrat whose vote is key to any infrastructure deal in the narrowly divided Senate, expressed “grave concerns” June 15 about the Biden administration’s drive to boost adoption of electric vehicles.

June 16, 2021

Democrats Prepare Go-It-Alone Approach on Infrastructure

WASHINGTON — Patience running thin, Democratic leaders are laying the groundwork for a go-it-alone approach on President Joe Biden’s big jobs and families infrastructure plans even as the White House continues negotiating with Republicans on a much more scaled-back $1 trillion proposal.

June 16, 2021

GM to Spend More on Electric Vehicles, Add Battery Plants

DETROIT — General Motors will raise its spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology.

June 16, 2021

Lordstown Motors Jumps on Forecast for 11 Months of Cash on Hand

Lordstown Motors Corp. jumped after saying it has enough money to make its battery-powered trucks through May of next year, paring a record decline the previous day following the departure of two top executives.

June 15, 2021

John Kerry: Carbon Capture ‘Key Tool’ to Curb Factory Emissions

Carbon capture is emerging as a key strategy for curbing greenhouse-gas emissions from heavy industry, according to U.S. climate envoy John Kerry.

June 15, 2021