General Motors Co expects some electric vehicles (EVs) will qualify for $7,500 U.S. tax credits after stricter Treasury Department guidance takes effect April 18, the U.S. automaker said on Friday. “We expect a number of our Ultium-based EVs, including the Cadillac Lyriq and additional EVs launching this year like the Chevrolet Equinox EV SUV and Blazer EV SUV, […]
Tesla Inc investors are waiting to see how much Elon Musk’s price cuts will pay off: the electric vehicle (EV) maker is expected this weekend to report record sales as cheaper sticker prices, helped by U.S. subsidies, spurred demand. Musk’s action in January kicked off a price war that was especially heated in China, betting that Tesla’s […]
Four major U.S. wireless carriers told the Federal Communications Commissions (FCC) late on Friday they had agreed to some voluntary actions to address aviation safety concerns and allow full use of the C-Band wireless spectrum for 5G use. “These voluntary commitments will support full-power deployments across C-Band, and are crafted to minimize the operational impact […]
The U.S. Treasury Department unveiled stricter electric vehicle tax rules on Friday that will reduce or remove tax credits on some zero-emission models but grant buyers another two weeks before the new requirements take effect. The rules are aimed at weaning the United States off dependence on China for EV battery supply chains and are […]
Arkansas first responders on Saturday will sift through debris for more possible victims after a fierce tornado sliced through the Little Rock area and northeastern part of the state, killing at least two people and injuring dozens of others. The twister sheared roofs and walls from many buildings, flipped over vehicles and downed trees and […]
General Motors plans to phase out widely-used Apple CarPlay and Android Auto technologies that allow drivers to bypass a vehicle’s infotainment systems, shifting instead to built-in infotainment systems developed with Google for future electric vehicles. Apple CarPlay and Android Auto systems allow users to mirror their smartphone screens in a vehicle’s dashboard display. GM’s decision to […]
Italy’s data protection agency said on Friday it had opened a probe into OpenAI’s ChatGPT chatbot over a suspected breach of the artificial intelligence application’s data collection rules. The agency also accused ChatGPT, which is financially supported by Microsoft, of failing to check the age of its users. The app is supposed to be reserved […]
Wells Fargo & Co will pay fines of about $97.8 million for inadequate oversight of its compliance risks, enabling the apparent violation of U.S. sanctions against Iran, Syria and Sudan, federal authorities said on Thursday. The Federal Reserve and the Treasury Department’s Office of Foreign Assets Control (OFAC) said the bank’s deficient oversight enabled it to […]
The Federal Deposit Insurance Corporation (FDIC) has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bank and Signature Bank rejected, according to people familiar with the matter. The portfolios are comprised of low-yielding assets, such as Treasuries and U.S. government agency-backed securities, that the two regional banks amassed […]
The U.S. Treasury Department on Friday unveiled stricter electric vehicle tax rules that will reduce or cut tax credits on some zero-emission models but grant buyers another two weeks before the new requirements take effect. The rules are aimed at weaning the United States off dependence on China for EV battery supply chains and part […]
