Senate Passes CHIPS Bill on 64-33 Vote
The House is expected to also pass the bipartisan bill that earmarks billions of dollars to boost domestic semiconductor production.
The House is expected to also pass the bipartisan bill that earmarks billions of dollars to boost domestic semiconductor production.
General Motors, Ford Motor and Stellantis may need to boost wages as they negotiate a four-year labor contract for 150,000 employees.
Penske Automotive Group reported a 10% rise in income to $375.9 million in the second quarter, its most profitable quarter ever.
Whether it is as a result of current inflationary pressures causing a pullback from consumers, or is more evidence of a return to traditional seasonal valuation patterns, prices have dropped for most segments as we reach the mid-point of summer.
July U.S. auto sales are expected to show very little change from June’s results as a lack of supply continues to batter the new-vehicle market.
The Estimated Average Weekly Sales Rate remains somewhat stagnant, around the 66% mark.
But the automaker remains bullish that stronger results are possible in the second half of the year.
The money will help a joint venture of General Motors Co. and LG Energy Solution finance the construction of new lithium-ion battery cell manufacturing facilities.
Holmes Honda Shreveport and Honda Bossier City sold to Community Auto Group and Mercedes-Benz and Sprinter of Shreveport, Jaguar Land Rover Shreveport and Holmes Volvo Cars of Shreveport sold to Group 1 Automotive.
GM and Ford seek exemptions to deploy a limited number of self-driving vehicles without human controls like steering wheels and brake pedals.
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