Luxury electric automaker’s abandoned California headquarters ‘left in complete disarray,’ landlord says
See what's being clicked on FoxBusiness.com. The landlord of former electric car maker Fisker's California headquarters says the building has been left in “complete disarray” since the company filed for bankruptcy. Tony Lentini of Shamrock Properties, in a court filing Friday, provided photos of the La Palma office on Sept. 27, the day Fisker handed […]
Automakers Hit Reverse On Idealistic Electric Vehicle Targets Despite Billions In Biden-Harris Subsidies
Automakers continued to slip away from electric vehicle (EV) targets last year as weak consumer demand stifled growth, despite the Biden-Harris administration pumping billions of yen into the electric vehicle industry through subsidies. Since February, many automakers have abandoned their primary EV goals, with Volvo, Ford and Mercedes-Benz all reducing EV allocations or dropping previously […]
U.S. Automakers in China Suffer Dire Situation with ‘Tumbling’ Sales
American automakers, as well as those based in other parts of Europe and Asia, are seeing their sales in China plummet and are being forced to withdraw from the market. General Motors (GM) and Ford Motor Company Fighting Auto expert Michael Dunn has described sales in China as “plunging.” Other automakers, including Germany’s Volkswagen and […]
Biden administration grants flexibility for automakers in EV tax credit rule
The Biden administration on Friday gave automakers some flexibility regarding eligibility for electric vehicle (EV) tax credits. New final guidance issued as part of the Inflation Control Act of 2022 includes a two-year exemption from the law’s provisions that disqualify vehicles if battery minerals come from China, Russia, Iran, or North Korea. It’s included. The […]
US automakers rerouting ships from Baltimore following bridge collapse
The U.S. automaker said it would reroute shipments after the Francis Scott Key Bridge in Baltimore collapsed early Tuesday. The cargo ship Dali, which was bound for Sri Lanka, lost power at around 1:30 a.m. and collided with a bridge support, causing the bridge to collapse. The ship was leaving the Port of Baltimore, one […]
Biden admin set to finalize major gas car crackdown over warnings from automakers, energy industry
The Biden administration is expected to finalize long-awaited regulations this week targeting tailpipe emissions from gasoline-powered vehicles, seen as the brunt of efforts to electrify the transportation sector. The Environmental Protection Agency (EPA) is expected to announce the final rule as early as Wednesday, industry sources told FOX, and officials have boasted that it will […]
Automakers tracking drivers, sharing data with car insurance companies
Debt consolidation expert Jade Warshaw joins ‘Kabuto: Coast to Coast’ to react to reports that car insurance prices have risen by more than 20% compared to a year ago. Automakers collect driving data from customers and secretly provide it to insurance companies, a practice that has led some sober drivers to have their coverage increased […]
Major Automakers Share Driving Data with Insurance Giants
Recent reports have revealed that several major automakers are secretly sharing detailed driving data on their customers’ vehicles with insurance companies and third-party data brokers. Recent new york times report reveals the worrying practices of automakers like GM, Honda, Kia, and Hyundai that secretly collect extensive information about their customers’ driving habits and share it […]
Democratic senators urge automakers to remain neutral amid worker unionization push
A group of more than 30 Democratic senators is calling on major automakers to remain neutral amid workers' efforts to unionize. In a new letter Thursday, lawmakers asked 13 automakers to pledge not to impede unionization efforts at their plants. “We believe that neutrality agreements are a minimum standard that manufacturers must meet to respect […]