Climate Bill ‘Transformative’ for Auto and Energy Industries
The Senate’s proposal aims to accelerate electric car sales and promote domestic battery manufacturing at China’s expense.
Seven Key Provisions in the Climate Deal
The $369 billion climate and tax bill would affect every aspect of U.S. energy production, with incentives for producers and consumers to move away from fossil fuels.
Energy Department will lend G.M. and LG $2.5 billion to build battery factories.
The loan will help the automaker and its supplier build electric vehicle battery factories in Ohio, Tennessee and Michigan.
Tesla will spend more to increase production at two new factories.
Tesla said it expected capital expenditures to be $6 billion to $8 billion in 2022, up from an April forecast of $5 billion to $7 billion.
Tesla Profit Falls in Second Quarter
The world’s largest maker of electric cars struggled with production problems in China.
Electric Car Sales Climb Sharply Despite Shortages
A scarcity of semiconductors and raw materials held back production, but buyers remain enthusiastic.
Advanced Batteries Move From Labs to Mass Production
Makers of batteries that could charge in a few minutes are setting up assembly lines, bringing the technology a big step closer to auto showrooms.
Ford Quarterly Sales Were Up Slightly From Last Year
The automaker sold 483,688 vehicles in the United States in the second quarter.
Tesla to Cut 10% of Salaried Staff, Musk Tells Employees
The electric carmaker has been growing fast in recent years, but Elon Musk, its chief executive, appears to be concerned about a weakening economy.
Ford Plans 6,000 New Union Jobs in Three Midwestern States
The automaker said the move would further its electric-vehicle goals. It may also defuse tensions with the U.A.W. ahead of contract talks next year.