Latest Automobile manufacturing News

Which EVs qualify for new US tax credit? Websites offer help

Aug. 16, 2022 18:18 PM EDT

WASHINGTON (AP) — As part of the rollout of a huge new climate, tax and healthcare law, the U.S. government is moving forward with its plan to award new tax credits to electric vehicle purchasers. Several new websites launched Tuesday to help people identify which vehicles qualify...

GM recalls 484K big SUVs to fix problem third-row seat belts

Aug. 16, 2022 08:48 AM EDT

DETROIT (AP) — General Motors is recalling more than 484,000 large SUVs in the U.S. to fix a problem that can cause the third-row seat belts to malfunction. The recall covers Chevrolet Suburbans and Tahoes, Cadillac Escalades and GMC Yukons from the 2021 and 2022 model years. ...

EU says US electric vehicle tax credit could break WTO rules

Aug. 11, 2022 11:37 AM EDT

BRUSSELS (AP) — The European Union expressed concern Thursday that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules. Under the Inflation Reduction Act nearing...

Georgia records $21B in state-tracked economic projects

Aug. 10, 2022 22:19 PM EDT

ATLANTA (AP) — Gov. Brian Kemp says Georgia recorded $21.2 billion in state-tracked business investments, with new and expanding companies committing to create 51,000 jobs during the year that ended June 30. The Republican governor, who's touting his achievements as he seeks a...

Japan's Honda sees declining profits on semiconductor crunch

Aug. 10, 2022 04:02 AM EDT

TOKYO (AP) — Honda’s fiscal first quarter profit fell 33% from last year as a global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker. Tokyo-based Honda Motor Co. reported Wednesday that its profit...

'The Sacrifice Zone': Myanmar bears cost of green energy

Aug. 09, 2022 12:49 PM EDT

The birds no longer sing, and the herbs no longer grow. The fish no longer swim in rivers that have turned a murky brown. The animals do not roam, and the cows are sometimes found dead. The people in this northern Myanmar forest have lost a way of life that goes back generations. But...

Most electric vehicles won't qualify for federal tax credit

Aug. 09, 2022 11:02 AM EDT

DETROIT (AP) — A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax...

Kia recalls sedans because plates in ceiling can come loose

Aug. 09, 2022 09:13 AM EDT

DETROIT (AP) — Kia is recalling nearly 260,000 older midsize cars in the U.S. because plates in the ceiling can come loose if the side curtain air bags inflate in a crash. The recall covers certain 2012 and 2013 Optima sedans. The automaker says headliner pates on both sides of the...

Billions pour into bioplastics as markets begin ramping up

Aug. 09, 2022 08:04 AM EDT

CLEVELAND (AP) — In a world increasingly troubled by the persistent harm that plastic — manufactured in petrochemical plants — has had on the environment, companies are investing billions of dollars to ramp up production of plastics made from natural, renewable materials that can be safely...

Electric vehicle battery-related plant announced in Kentucky

Aug. 08, 2022 04:11 AM EDT

FRANKFORT, Ky. (AP) — Lotte Aluminium Materials USA plans an aluminum foil manufacturing operation to serve the electric vehicle battery industry in Kentucky and is expected to create 122 full-time jobs. The company is investing $238.7 million in the plant in Hardin County, Gov....