Author: David Shepardson
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Manchin says Treasury should limit commercial EV tax credit use
WASHINGTON • U.S. Sen. Joe Manchin, a Democrat who chairs the chamber’s energy panel, asked the Treasury Department on Tuesday not to allow a commercial electric vehicle tax credit to be used for consumer leasing, rental cars or ridesharing vehicle sales, rejecting a broad interpretation of the credit. Reuters first reported last week the push…
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Largest U.S. rail labor union votes against contract, raising strike risk
By David Shepardson and Lisa Baertlein WASHINGTON/LOS ANGELES (Reuters) -Workers at the largest U.S. rail union voted against a tentative contract deal reached in September, raising the possibility of a year-end strike that could cause significant damage to the U.S. economy and strand vital shipments of food and fuel. Train and engine service members of…
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Boeing’s top execs make bullish pitch to skeptical investors
By Rajesh Kumar Singh, David Shepardson and Abhijith Ganapavaram CHICAGO (Reuters) -Boeing Co’s top executives on Wednesday forecast a ramp-up in jet deliveries and higher free cash flow next year, as they sought to reassure skeptical investors the planemaker was recovering from a crippling slowdown following the pandemic and the grounding of its best-selling jet…
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Honda, LG to locate $4.4 billion battery plant in Ohio
By David Shepardson WASHINGTON (Reuters) – Honda Motor and LG Energy Solution said on Tuesday they will build a new joint venture $4.4 billion battery plant in Ohio. The two companies had announced the plan in August but had not settled on a U.S. location. They said they are initially committing to investing $3.5 billion…
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Delta Air invests $60 million, takes stake in air taxi startup Joby Aviation
By David Shepardson WASHINGTON (Reuters) – Delta Air Lines said Tuesday it invested $60 million in air taxi startup Joby Aviation for a 2% equity stake, in a partnership that will initially offer passengers air taxi transport to and from airports in New York and Los Angeles. Delta Chief Executive Ed Bastian told reporters the…
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GM, Hertz make deal to deploy up to 175,000 EVs
By David Shepardson and Joseph White (Reuters) -Rental car company Hertz Global Holdings plans to order up to 175,000 General Motors Co electric vehicles over the next five years, its latest move toward zero-emission models. The multi-billion dollar, multi-year deal could be the first of many GM agreements to supply electric vehicles to rental car…
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Boeing CEO says still ‘chance’ 737 MAX could win approval this year
By David Shepardson WASHINGTON (Reuters) -Boeing Chief Executive Dave Calhoun said Thursday there is still a chance U.S. regulators could approve the 737 MAX 10 before the end of the year and he thinks the company will win approval for the smaller 737 MAX 7 in the coming months. Boeing faces a late December deadline…
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Government makes contingency plans for rail shutdown
WASHINGTON/LOS ANGELES • President Joe Biden’s administration Tuesday made contingency plans aiming to ensure deliveries of critical goods in the event of a shutdown of the U.S. rail system while pressing railroads and unions to reach a deal to avoid a work stoppage affecting freight and passenger service. The potential shutdown, which could come as…
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Government makes contingency plans for rail shutdown
WASHINGTON/LOS ANGELES • President Joe Biden’s administration on Tuesday made contingency plans aiming to ensure deliveries of critical goods in the event of a shutdown of the U.S. rail system while pressing railroads and unions to reach a deal to avoid a work stoppage affecting freight and passenger service. The potential shutdown, which could come…
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Boeing deliveries rose in August as it resumed 787 handovers
By David Shepardson WASHINGTON (Reuters) – Boeing jetliner deliveries rose in August to 35 airplanes as the U.S. planemaker resumed handovers of its 787 Dreamliner after a 15-month delay. Boeing said monthly deliveries included 27 737 MAX jets, two 787s and five freighters. That raised the total MAX deliveries this year to 240 jets and…