Access to auto credit tightened in November, with nearly every economic factor moving against car shoppers. The Dealertrack Credit Availability Index, which measures how difficult it is for the average consumer to get a car loan, showed the tightest credit market since October 2021. The index is a product of […]
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The IRS starts detailing what it needs for the revamped EV tax credit. Some Kia Niro EV models have been recalled. We look at what didn’t make the finals for Best Car To Buy. And the DOE backs the batteries for GM’s EV plan. This and more, here at Green […]
Ultium Cells, a joint venture between General Motors and LG Energy Solution, received final approval on Monday for a $2.5 billion loan from the Department of Energy to help fund three new battery plants in the U.S. The locations for the plants include Warren, Ohio; Spring Hill, Tennessee; and Lansing, […]
The U.S. Department of Energy confirmed Monday morning a $2.5 billion federal loan to Ultium Cells LLC, for financing the construction of plants to supply many millions of future GM electric vehicles. The loan will fund the construction of joint-venture GM and LG Energy Solution battery plants in Ohio, Tennessee, […]
We learned of and posted about how some 2021 Ford F-150 PowerBoost hybrid owners in Texas are using their generator-equipped trucks to power vital parts of their homes yesterday. Now, Automotive News has uncovered a much larger push from Ford itself to aid those without power during Texas’ current crisis. […]