Chinese and Australian investors had been lining up to explore for lithium, a metal that is critical to batteries and the world’s transition to clean energy.
E.V. operations will focus on technology and growth while the traditional business continues to chase profits. “You can’t have people work on both at the same time,” the chief executive said.
E.V. operations will focus on technology and growth while the traditional business continues to chase profits. “You can’t have people work on both at the same time,” the chief executive said.
The electric car start-up cited shortages of semiconductors and other supply chain problems.
The automaker, which owns Jeep, Ram and Fiat, said its profit more than doubled, thanks to higher prices and cost-cutting measures that outweighed interruptions caused by the semiconductor shortage.
The White House effort is part of a push to reduce America’s dependence on foreign products, particularly those from China.
The move would raise money at a time when automaker is investing heavily in electric cars and batteries.
America must secure the raw materials that a clean energy future requires.
Some drivers have complained that cars using the company’s Autopilot system have been slowing down suddenly even when there are no hazards ahead.
The suit comes months after a jury awarded a former Black employee at the electric carmaker’s San Francisco-area factory $137 million.