Treasury Secretary Janet Yellen said the surprise OPEC+ oil production cut was an “unconstructive act,” which could hurt U.S. efforts to lower inflation.
GM did not announce a replacement or next-generation of the car, but it said the current sixth-generation muscle car will not be the “end of Camaro’s story.”
Lordstown ended the year with over $220 million in cash as it pivots to work with Foxconn on a new electric vehicle program.
Ford plans to restart production of its electric F-150 Lightning pickup on March 13 – more than a month after a battery issue caused a vehicle to catch fire.
Polestar’s relatively positive results come after other EV startups like Lucid, Nikola and Rivian reported ongoing problems with supply chains and production.
Producers of the “Rust” film starring Alec Baldwin have agreed to pay a reduced fine of $100,000 to settle a civil suit with New Mexico safety regulators.
The update comes a day after Ford confirmed production of the F-150 Lightning had been suspended over a potential battery issue.