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Michigan’s EV Investments Line Up State Among Largest Battery Manufacturers

Michigan is protective over its automotive legacy — so much so that it laid down $2 billion in taxpayer money to assure the state would be part of the electrification of the car industry.

January 9, 2023

Gasoline Prices Set to Rise if Corn Belt States Win Fuel Fight

Some Americans could end up paying more for their gasoline thanks to a plan by seven Midwestern state governors to boost the use of corn-based ethanol.

January 9, 2023

Virginia Announces Deals for Distribution Facility, Plant Expansion

Virginia has unveiled a new economic development plan, boosted by the capture of a $61.6 million deal to establish an East Coast distribution facility and a $9 million plant expansion near two freight corridors.

January 6, 2023

Services Gauge Shrinks Unexpectedly in Worst Slide Since 2020

A U.S. services gauge unexpectedly shrank at the end of 2022, with steep declines in measures of business activity and orders that, if sustained, risk heightening concerns about the demand outlook.

January 6, 2023

Hiring Stays Brisk as Employers Add 223,000 Jobs

WASHINGTON — America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy, yet also a sign that the Federal Reserve may still have to raise interest rates aggressively to slow growth and cool inflation.

January 6, 2023

Speaker Holdup Stalls GOP Agenda

Multiple failed attempts in the House of Representatives to solidify Rep. Kevin McCarthy (R-Calif.) as the next Speaker of the House delayed the GOP caucus from kicking off its legislative agenda on time, as every official function in the chamber requires a signoff from the speaker.

January 5, 2023

Mercedes to Build Its Own EV Charging Network

Mercedes-Benz says it will build its own worldwide electric vehicle charging network starting in North America in a bid to compete with EV sales leader Tesla.

January 5, 2023

FMCSA Proposes Financial Security Requirements for Freight Forwarders

The Federal Motor Carrier Safety Administration has issued a proposed rule that establishes financial security requirements for freight forwarders, taking further action on legislation that stretches back more than a decade.

January 5, 2023

EV Tax Credit Rulings Please Some Automakers, Exclude Others

The U.S. government has angered Tesla Inc.’s Elon Musk and handed welcome news to other automakers like Hyundai Motor Co. with guidance on which electric vehicles will qualify for tax credits in the coming months.

January 5, 2023