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States ‘off to the races’ on EV charging infrastructure, says Energy official

States ‘off to the races’ on EV charging infrastructure, says Energy official

WASHINGTON — As the federal government moves forward with a plan to build a nationwide charging network for electric vehicles, it’s “off to the races” for states looking to soothe consumer range anxiety. “This is not going to be the federal government going and buying chargers and putting them in the ground,” Michael Berube, a …

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Credit Acceptance agrees to $12 million settlement in shareholder lawsuit

Credit Acceptance agrees to $12 million settlement in shareholder lawsuit

Credit Acceptance Corp. has agreed, “in principle,” to pay $12 million to settle a lawsuit brought by shareholders. The subprime auto lender announced the proposed settlement in the federal securities case — brought by various pension funds — Thursday morning in a regulatory filing, writing that “the parties have agreed to negotiate in good faith …

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USMCA trade deal important as a ‘functioning’ dispute mechanism, trade expert says

USMCA trade deal important as a ‘functioning’ dispute mechanism, trade expert says

The impact of the USMCA trade deal has been difficult to measure given the multiple economic disruptions that have occurred since it went into effect in 2020, but the deal remains a vital enforcement tool for the auto industry and beyond, according to a policy expert. Kellie Meiman Hock, managing partner at international trade consultancy …

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GM’s David Strickland: Industry needs EV tax credit for mass adoption

GM’s David Strickland: Industry needs EV tax credit for mass adoption

The U.S. auto industry needs a national emissions standard and consumer incentives for electric vehicles as automakers transition much of their lineups to EVs, said David Strickland, General Motors’ vice president of global regulatory affairs. The tax credit is “how you get the amount of vehicles at a price point where you’re really going to …

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How a California ‘startup factory’ is sparking new ideas in automotive

How a California ‘startup factory’ is sparking new ideas in automotive

John Kuolt is certain of what he’s not doing as founder and CEO of the year-old UP.Labs. He’s not building a startup incubator, nor a studio, and definitely not an accelerator program. What exactly is he doing? “We’ve been trying to figure out how to best describe it,” he said, mulling his choice of words …

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