Fed holds rates steady and inches closer to cutting in future
The Federal Reserve held interest rates steady for the fourth straight meeting and signaled its openness to cutting them, though...
Toyota chairman predicts battery electric cars will only reach 30% share
Toyota Motor Corp. Chairman Akio Toyoda believes battery electric vehicles will reach at most 30% market share, with the rest...
Ford cuts workforce making electric F-150s on weak demand
Ford Motor Co. said that it would reduce the number of workers making its F-150 Lightning truck as demand for...
Hertz to sell 20,000 EVs in shift back to gas-powered Cars
Hertz Global Holdings Inc. plans to sell a third of its US electric vehicle fleet and reinvest in gas-powered cars...
US inflation accelerates, tempering case for Fed to cut rates
US inflation accelerated in December as Americans paid more for housing and driving, challenging investor bets that the Federal Reserve...
US electric vehicle sales growth slowed in latest quarter
Electric vehicle sales in the US grew by just 1.3% in the final months of 2023, the latest sign that...
US consumer borrowing surges on jump in credit-card balances
US consumer borrowing surged in November by the most in a year on a jump in credit-card balances as the...
Car dealers get more time to file US EV tax credit paperwork
US car dealers will have more time to report sales of electric vehicles that qualify for federal tax credits that they are...
