Month: October 2022

French President Emmanuel Macron is looking to enlist German Chancellor Olaf Scholz’s support for a new plan to help European automakers compete with the U.S. and China, after President Joseph Biden outlined heavy subsidies benefiting electric cars made in North America. Though they have squabbled over defense and energy policies, Paris and Berlin agree that
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6:08 PM ET MEXICO CITY — Lewis Hamilton is planning to stay on the Formula One grid until at least 2025 after opening talks with Mercedes about a contract extension. Hamilton’s current deal is due to expire at the end of next season, but he has made clear that he has no plans to retire
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Now in its 11th year, the Automotive News Best Dealerships to Work For celebrates and honors 100 dealers who have created excellent workplaces. The 2022 winners were honored at a gala event Thursday night in Chicago.  Guests representing 100 dealerships arrive for the festivities. Automotive News Publisher KC Crain opens the 11th annual ceremony. Automotive
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In this article AN LAD GPI ABG Follow your favorite stocksCREATE FREE ACCOUNT Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT – Shares of AutoNation, Group 1 Automotive and other automotive dealers rallied Thursday following strong third-quarter earnings and optimistic
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In order to qualify for the $7,500 tax credit, the Biden administration’s Inflation Reduction Act (IRA) requires a proportion of battery minerals in EVs to be extracted or processed in the US or free-trade partner countries. But a lot of automakers simply aren’t prepared for that requirement. Electrek spoke with Megan O’Connor, cofounder and CEO of Nth Cycle, a
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Lear Corp. will open an $80 million plant and create hundreds of jobs in Michigan after winning a program with General Motors Co. that marks its largest electric vehicle deal and investment to date, the supplier said Thursday. The Southfield-based company struck a deal with the automaker to exclusively supply the battery disconnect unit on
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SAVANNAH, Georgia – Hyundai Motor Co will break ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States on Tuesday, as South Korea’s biggest automaker grapples with an uncertain outlook for its EV sales in its top market. Hyundai plans to begin commercial production in the first half of 2025
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