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Senate Republicans seek to end EV tax credit by September 30

Senate Republicans seek to end EV tax credit by September 30

By David Shepardson WASHINGTON (Reuters) -U.S. Senate Republicans late Friday released a revised tax and budget bill that would end the $7,500 tax credit on new electric vehicle sales and leases on September 30 as well as the $4,000 tax credit for used EVs. The prior version would have ended the credit for new sales 180 days after the bill was signed into law, 90 days for used vehicles and immedia ...

2025-06-28 16:16:20
Stellantis to recall over 250,000 US vehicles due to improperly sealed air bag, NHTSA says

Stellantis to recall over 250,000 US vehicles due to improperly sealed air bag, NHTSA says

(Reuters) -Chrysler parent Stellantis (NYSE:STLA) is recalling 250,651 vehicles in the U.S. due to an improperly sealed side curtain air bag, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Saturday. The recall affects certain 2022-2025 Pacifica and Voyager vehicles. An air bag with insufficient pressure retention increases the risk of ejection and injury during a crash, N ...

2025-06-28 16:13:03
Advent-backed NIQ enters US IPO lineup as listings pick up pace

Advent-backed NIQ enters US IPO lineup as listings pick up pace

(Reuters) -Consumer insights company NIQ Global filed for an initial public offering in the United States on Friday, more than four years after it was spun out of media analytics giant Nielsen Holdings (NYSE:NLSN). NIQ, which is backed by investment giants Advent International and KKR, joins a growing number of companies preparing to list their shares as the U.S. IPO market stirs back to life foll ...

2025-06-28 06:01:35
OpenAI turns to Google’s AI chips to power its products, The Information reports

OpenAI turns to Google’s AI chips to power its products, The Information reports

(Reuters) -OpenAI has recently begun renting Google (NASDAQ:GOOGL)’s artificial intelligence chips to power ChatGPT and other products, The Information reported on Friday, citing a person involved in the arrangement. The move, which marks the first time OpenAI has used non-Nvidia chips in a meaningful way, shows the Sam Altman-led company’s shift away from relying on backer Microsoft (NASDAQ:M ...

2025-06-28 05:59:10