Author: Daniel snow
President Donald Trump and billionaire Tesla CEO Elon Musk continued to clash Thursday, with Trump linking their fraying relationship to his administration’s efforts to reduce support for electric vehicles. Source link
A worker at Ford’s Kentucky Truck Plant on April 30, 2025.Michael Wayland | CNBCDETROIT — The automotive industry is experiencing unprecedented disruption and uncertainty when it comes to regulations, electric vehicles, software innovations and competition from China.Such disruptions have been years in the making, but many of the issues are coming to a head sooner rather than later, causing chaos for automakers and their plans for new vehicles.”The unprecedented EV head-fake has wreaked havoc on product plans,” Top Bank of America Securities analyst John Murphy said in the firm’s annual “Car Wars” report. “The next four+ years will be the…
The company, ispace, is just one of many private-sector firms aiming for the moon and other missions in space. Source link
Changes to the state-and-local tax deductions could threaten the delicate balance struck in the House Source link
DETROIT — Stellantis is resurrecting its popular V-8 Hemi engine for its Ram 1500 full-size pickup trucks beginning this summer.The return of the 5.7-liter engine comes after the company discontinued the powertrain amid tightening fuel economy regulations and a company-wide push toward electric vehicles and more efficient engines last year under ex-Stellantis CEO Carlos Tavares.Ram CEO Tim Kuniskis, who unretired from the automaker late last year, admitted the decision to cancel the Hemi engine for its popular consumer-focused Ram 1500 was a mistake.”Everyone makes mistakes, but how you handle them defines you. Ram screwed up when we dropped the Hemi…
The company cited tariffs and consumer uncertainty as major factors in its plan to lay off as much as 6 percent of its workforce in the next two years. Source link
Paramount’s sale to Skydance Media has stalled amid regulatory paralysis — and Lightshed Partners predicts that if a resolution isn’t reached by October, the deal will be called off. Source link
Jeremy Allaire, CEO of Circle Internet Group, the issuer of one of the world’s biggest stablecoins, and Circle co-founder Sean Neville pose outside the New York Stock Exchange (NYSE), on the day of the company’s IPO in New York City, U.S., June 5, 2025.Brendan McDermid | ReutersShares of Circle Internet Group soared 173% after the stablecoin company and its selling shareholders raised almost $1.1 billion in an initial public offering.The stock opened at $69.50 on the New York Stock Exchange after its IPO priced at $31. At one point, it traded as high as $103.The New York-based company priced its…
While new filings are still at historically low rates, they reflect recent layoffs and a softening economic outlook. Source link
Readers respond to articles about the G.O.P. bill and some House Republicans’ regrets. Also: Restricting Covid vaccines; a decline in values. Source link