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Ford’s CATL deal in Michigan questioned by Missouri Rep. Jason Smith
WASHINGTON — U.S. Rep. Jason Smith, R-Mo., is trying to find more data from Ford Motor Co. about the automaker’s offer with China’s Modern Amperex Engineering Co. Ltd. to use its technologies at a prepared $3.5 billion battery plant in Michigan. In a letter despatched Monday to Ford CEO Jim Farley, Smith lifted problems around whether or not the arrangement leans on a “loophole” in the electric powered automobile tax credit’s battery part sourcing prerequisites and goes towards the law’s intent of U.S. vitality security and lowering dependence on international adversaries this kind of as China for battery elements and producing. “This arrangement seems to leverage a loophole in the…
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EU, Germany reach car emissions deal that includes e-fuels
Germany reached an arrangement with the European Union on a landmark regulation that necessitates new vehicles to be carbon neutral by 2035, resolving a dispute that threatened to undermine the bloc’s ambitious blueprint to minimize greenhouse gas emissions. The settlement, which will allow for some combustion engines past 2035, was speedily condemned by opponents. The bloc and its major financial system experienced been at odds around the planned 2035 section-out of CO2-emitting vehicles, but leaders signaled in new days that they have been near to a resolution. Germany experienced preferred assurances that new combustion motor automobiles can be offered outside of the deadline if they run on e-fuels — a…
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AUKUS deal: China looms large as Biden makes submarine moves with UK, Australia
San Diego CNN — President Joe Biden was flanked on Monday by a 377-foot submarine – the USS Missouri – as he introduced an accelerated timeline for Australia to get its individual nuclear-powered submarines early subsequent 10 years. But looming considerably larger was the significantly tense US romance with China, which has emerged as a central concentrate of Biden’s presidency. That romance has been magnified in modern weeks by a slew of international activities, from the spectacular downing of a Chinese spy balloon to the revelation that Beijing is looking at arming Russia – all getting location amid Chinese President Xi Jinping’s unprecedented consolidation of electricity and a increasing bipartisan…
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Big 12 looking west, Pac-12 looking for a TV deal: What we’re hearing on realignment
Very last July, weeks immediately after USC and UCLA’s gorgeous Big Ten announcement, Pac-12 commissioner George Kliavkoff designed a bold realignment prediction: “No Pac-12 college is going to the Significant 12.” 8 months later on, we might eventually learn regardless of whether his self-assurance was justified or wrong bravado. Kliavkoff is struggling with tension to deliver a new media rights offer to his associates by the end of the month. If the greenback figures or the specifics are underwhelming, March might be the second when the Huge 12 finally strikes. Sources briefed on the discussions say the conference has been in the latest speak to with the so-called 4 Corners…
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Will the Pac-12 break up? Where each team would go if league disintegrates over media rights deal
A college landscape without the Pac-12 has become a storyline worth considering, though a break-up of the 107-year-old league isn’t particularly likely. Industry sources still project a media rights deal split between ESPN and Amazon for the embattled conference. However, dissolution of the Pac-12 is being talked about openly in those same industry circles as a potential consequence if the league does not wrap up its new deal soon. The fact that it could happen in these tenuous times is enough to project what the process might look like. Multiple sources tell CBS Sports the league is struggling to match its desired value for its 10-team league (south of $400…
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Russia-Ukraine war live: world leaders meet in Munich; grain deal negotiations will start next week | Russia
Key events Show key events only Please turn on JavaScript to use this feature Summary of the day so far … The Ukrainian president, Volodymr Zelenskiy, will be the opening speaker on Friday at the three-day Munich security conference as the west faces urgent calls to speed up ammunition production and supplies to Kyiv in the face of mounting fears that Russia is planning a new offensive. The conference is expected to be attended by more than 100 world leaders, and diplomats, including the US vice-president Kamala Harris, and the event will be seen as a key test of the west’s resolve to fight out a grinding, prolonged, expensive war.…
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