Month: March 2023

DETROIT — Job cuts and buyouts to speed up attrition in General Motors‘ U.S. salaried work force are just the start of a crusade to eliminate $2 billion in expenses through the end of next year. The belt tightening at the nation’s largest automaker is not happening at a time of financial stress, as in
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In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan.
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6:43 PM ET Associated Press Jenson Button will make his NASCAR debut later this month at Circuit of the Americas, the first of three Cup Series races scheduled for the former Formula One world champion. Button puts two former F1 champions in the field for the March 26 race on the permanent road course in
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TOKYO – Rebounding Mitsubishi Motors will pour more than $10 billion into electrified vehicles and battery production through 2030 as it expands its battery-powered lineup in advanced markets such as North America, partly by leaning on help from Nissan and Renault. CEO Takao Kato unveiled the push Friday while announcing a new mid-term plan. The
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A consortium of some of the world’s biggest automakers is investing in a holographic head-up display technology startup. Hyundai Mobis, the parts and service affiilate of South Korean automaker Hyundai Motor Co., led a $50 million series C funding round valuing the United Kingdom’s Envisics at $500 million. Envisics develops augmented reality head-up displays or
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The very first deployment of Siemens Gamesa’s 108-meter-long (354-feet-long) B108 recycled blades is headed to RWE’s 1.4 gigawatt (GW) Sofia offshore wind farm at Dogger Bank, off the UK’s east coast. In 2022, global renewable energy giant RWE became the first commercial, large-scale offshore developer to install Siemens Gamesa’s recycled blade technology RecyclableBlade, at its
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9:02 AM ET Chase Elliott broke his leg snowboarding last week, keeping him out of Sunday’s Pennzoil 400 in Las Vegas. Sean Gardner/Getty Images People are going to be people. Racers are going to be racers. Chase Elliott? He was doing nothing more than being Chase Elliott. That’s how the 2020 NASCAR Cup Series champ broke
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