Author name: Michelle Cole

Michelle Cole is a news writer for the Chaldean News. She has been in the journalism field for over 2 years and has worked as a reporter, writer, and editor for various publications. She specializes in writing about politics, health, business, and finance. She enjoys learning about new topics and sharing her knowledge with others through her writing.

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U.S. approves California plan requiring half of heavy duty trucks be EV by 2035

The U.S. Environmental Protection Agency (EPA) on Friday said it was approving California‘s plans to require a rising number of zero-emission heavy-duty trucks as the state pushes to cut pollution. California Governor Gavin Newsom said as a result of the plan, “half of all heavy duty trucks sold in CA will be electric by 2035.” …

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Ford CEO Jim Farley's 2022 compensation falls slightly to $20.9 million

The day after reporting the results, Farley told employees that he would cut the percentage used to set bonuses for executives including himself. “Our 2022 financial results were solid by historical standards but did not meet our high expectations,” Executive Chair Bill Ford said in a letter to shareholders that was part of the proxy. …

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KAR Global's Jim Hallett, former CEO, retires from executive chairman role

Wholesale auctions provider KAR Global on Friday said that Jim Hallett, who was the company’s CEO from 2009 to 2021, is retiring from his role as its executive chairman. Hallett, 69, was appointed executive chairman of KAR Global in 2021. He is also stepping down as chairman of the company’s board of directors, a role …

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Tim Jackson parts ways with Colorado Auto Dealers Association

Longtime Colorado Auto Dealers Association CEO Tim Jackson, a high-profile voice for dealers in the state and nationally, parted ways with organization on Friday. In a release, the board said it has appointed Matthew Groves, its vice president of legal, regulatory and compliance, as interim CEO, effective immediately. Jackson, 66, has been CEO of CADA since …

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Tesla deliveries face one big question: Did price cuts work?

Tesla Inc. shares are set to mark their best-ever start to a year, buoyed by price cuts across the electric-vehicle maker’s lineup in a bid to boost sales. Investors will soon discover if all the enthusiasm was justified. The Elon Musk-led carmaker is expected to announce quarterly delivery and production figures in early April, providing …

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Canoo settles SEC investigation into EV maker’s merger

The agency told Canoo it was also investigating its “operations, business model, revenues, revenue strategy, customer agreements, earnings and other related topics, along with the recent departures of certain of the company’s officers.” Canoo’s shares were up 5 percent as of midday trading on Friday. Source link

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EV tax credit sourcing rules to take effect in April, officials say

West Virginia Sen. Joe Manchin on Friday criticized Treasury’s guidance for what he said “completely ignores” the law’s intent of U.S. energy security and reducing dependence on foreign adversaries such as China for battery materials and manufacturing. It is horrific that the administration continues to ignore the purpose of the law, which is to bring …

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With a nod to EVs, Waymo retires self-driving Pacifica hybrid minivans

Self-driving technology company Waymo will retire its fleet of Chrysler Pacifica hybrid minivans, the vehicular flag-bearers for the nation’s first autonomous ride-hailing service. Waymo said Thursday it will replace the vans used in its metro Phoenix ride-hailing service by increasing its deployment of Jaguar I-Pace electric vehicles. The transition will occur in a matter of …

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