The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.
Category: Factories and Manufacturing
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How Ukraine’s Battered Steel Industry Galvanized Its War Effort
The New York Times – Business:The iron- and steel-producing factories of Ukraine’s rust belt have made body armor, helmets and armored plates for vehicles — and steelworkers risked their lives rolling out heavy machinery at the beginning of the war to help physically block the Russian advance.
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The Lure of the ‘Made in America’ Sales Pitch
The New York Times – Business:Geopolitics forced an entrepreneur, Taylor Shupe, to bring jobs back from China. It’s helping sell his meme-inspired socks too.
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Toxic Chemical Rules Pose Test for Biden
The New York Times – Business:Key industries — including some that the White House is backing through other policies — are lobbying to water down the first major new rules in a generation on chemicals that pose risks to humans.
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What to Know About the Recent Eye Drop Recalls
The New York Times – Business:Global Pharma recalled eye drops in February after they were tied to a drug-resistant bacteria strain linked to at least one death. Two more companies have since recalled eye drops.
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A Hungarian Town Seethes Over a Giant Chinese Battery Plant
The New York Times – Business:A $7.8 billion factory planned by a Chinese company in eastern Hungary has become divisive even within the party of Prime Minister Viktor Orban, who championed it.
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Volkswagen Will Invest $193 Billion in Electric Cars and Software
The New York Times – Business:The German automaker announced a plan to accelerate its transition to battery-powered vehicles and bolster operations in China and North America.
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Why Russia Has Such a Strong Grip on Europe’s Nuclear Power
The New York Times – Business:New energy sources to replace oil and natural gas have been easier to find than kicking the dependency on Rosatom, the state-owned nuclear superstore.
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Ukraine Needs Shells, and Arms Makers Want Money. Enter the E.U.
The New York Times – Business:Ukraine is firing artillery shells faster than manufacturers can make them. Brussels is working on a plan to increase production by guaranteeing big advance purchases.
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China’s Economy Will Expand About 5 percent, A Cautious Target
The New York Times – Business:Last year China’s economy grew 3 percent, one of its worst performances. Now leaders are expecting a revival, but it will rely partly on public spending.