AUTOMAKERS & SUPPLIERS
Coverage of the design and manufacture of vehicles, automaker and supplier mergers, spin-offs and acquisitions, earnings, executive changes and partnerships.
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Biden made a push in December to win passage in Congress of the spending bill that would provide billions of dollars to tackle climate change.
The EV-procurement mandate, the lawmakers say, also ignores the opportunity to immediately cut costs and emissions using high-octane liquid fuels, ethanol and renewable diesel.
The ongoing microchip shortage is driven by unrelenting industry demands, Commerce Secretary Gina Raimondo told reporters.
The automaker is committing nearly $7 billion, the single largest investment in its history, toward building more electric trucks and electric vehicle batteries in Michigan.
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