2022 GMC Hummer EV sport utility truck “Edition 1” GM General Motors is looking at building a second plant in the U.S. to produce battery cells for electric vehicles through a joint venture with LG Chem. The automaker confirmed the plans Thursday morning after the Wall Street Journal reported the companies were close to a
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General Motors employees work on the assembly line at the Fairfax Assembly & Stamping Plant in Kansas City, Kansas. Jim Barcus for General Motors DETROIT — General Motors is extending temporary shutdowns at three of its North American plants due to a global semiconductor chip shortage, which is expected to shed billions off automakers’ earnings
LONDON — British luxury carmaker Aston Martin on Wednesday launched a new Formula One car ahead of its return to the most famous motor racing event in the world. The Aston Martin Cognizant F1 team revealed the “AMR21” car at a virtual event that was broadcast from London. The AMR21 will compete in the 2021
A worker delivers groceries to a customer’s vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May 15, 2020. Angus Mordant | Bloomberg via Getty Images Walmart said Wednesday that it plans to back American manufacturers by spending an additional $350 billion over the next decade on items that are made, grown
A Nordstrom store in Irvine, California. Scott Mlyn | CNBC Nordstrom on Tuesday reported fourth-quarter sales and earnings that topped analysts’ estimates, thanks to stronger shopper demand online and growth at its off-price Nordstrom Rack business. But the company cautioned that it has been recently impacted by shipping delays, which held up some of its
Greg Abbott, governor of Texas, speaks during an Operation Warp Speed vaccine summit at the White House in Washington, D.C., on Tuesday, Dec. 8, 2020. Al Drago | Bloomberg | Getty Images The governors of Texas and Mississippi both announced Tuesday that they are lifting statewide mask mandates and allowing businesses to reopen at full
Amir Dan Rubin David Paul Morris | Bloomberg | Getty Images A congressional committee overseeing the Covid-19 crisis has opened an investigation into concierge health-care provider One Medical over reports that it gave vaccine shots to family and friends of executives and to wealthy clients who weren’t yet eligible in their states. Rep. James Clyburn,
Seen through a store window, a Nike employee stands in the entryway of the Nike SoHo store in New York City. Drew Angerer | Getty Images Nike said Monday that the vice president and general manager of its North America division, Ann Hebert, has left the retailer, effective immediately. Her abrupt departure comes after she’s
Gary Collis of Bunker Hill, West Virginia, receives his boost dose at a coronavirus disease (COVID-19) community vaccination event, as the vaccination rate in West Virginia ranks among highest in world, in Martinsburg, February 25, 2021. Kevin Lamarque | Reuters Johnson & Johnson‘s Covid-19 vaccine can be used as a substitute for a second jab
Delta Air Lines Bombardier Boeing 757-200 aircraft as seen arriving, on final approach for landing in New York JFK John F. Kennedy International Airport. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines, which received billions of dollars in federal aid last year, is paying managers bonuses ranging from a few thousand dollars to