Fed. gov. is spending $1.7 billion to modernize automobile manufacturing facilities, helping industry compete with foreign subsidies and create and protect jobs.
With battery electric vehicles sitting unsold on dealer lots, carmakers are slashing prices in desperate attempt to move them, and suffering billions in losses.
Exec's with GM, Ford, and Mercedes-Benz conceded there is a weakening demand for electric vehicles, with some announcing they would pull back on EV targets.
As UAW strike entered day 5, negotiators for the union and the Big Three automakers remained at an impasse as failed weekend talks bled into the workweek.
General Motors provided grant to pro-transgender organization suppling kindergarten and elementary classrooms with children’s books that support its ideology.
