BERLIN — German autos association VDA dampened its forecast for the passenger car market in the United States and Europe, citing inflation, interest rates and ongoing supply chain troubles. It adjusted its forecast for passenger car deliveries in the U.S. to predict a 7% drop this year, from a previous forecast of a 1% drop.
The landmark legislation President Joe Biden is counting on to motivate Americans to vote for Democrats in the upcoming midterm election has put Mary Barra in a somewhat awkward spot. Significant support for automakers making the switch to electric vehicles and major changes to corporate taxation have pitted the automaker Barra leads against the powerful Washington lobby group
WASHINGTON (AP) — In an unexpected turnabout, Senate Majority Leader Chuck Schumer and Sen. Joe Manchin announced Wednesday they had reached an expansive agreement that had eluded them for months on energy and climate issues, healthcare, taxes on higher earners and corporations, and trimming of the federal debt. For months, Manchin’s opposition had blocked a
