Audi considers U.S. plant as Inflation Reduction Act subsidies lure carmakers

BERLIN — Volkswagen-owned Audi might develop a manufacturing unit in the United States in mild of the Inflation Reduction Act, it stated on Friday, the latest business to look at investments…

UAW wants U.S. to bar loans and subsidies for Hyundai over workplace issues

The United Automobile Workers (UAW) union on Friday termed on the Biden administration not to award any subsidies, loans or other taxpayer support until finally Hyundai Motor agrees to handle…

U.S., South Korea working to rectify problems on EV subsidies: Korea minister

South Korean and U.S. officers are doing the job towards a “concrete proposal” to resolve their distinctions in excess of electrical motor vehicle subsidies, South Korea’s trade minister instructed CNBC.…