US Secretary of Commerce meets with MI leaders to discuss global chip shortage – CBS Detroit

(CBS DETROIT)US Secretary of Commerce Gina Raimondo joined federal leaders in Metro Detroit today for a roundtable discussion on the impact of the global chip shortage and the need to fund the CHIPS Act. The global chip shortage has had a major impact on several industries, particularly the automotive industry, which is why national and … Read more

Cathie Woods ARK Funds bought Robinhood and Exact Sciences, sold Tesla.

Text size The logo of the trade application Robinhood on a mobile phone AFP via Getty Images Cathie Woods ARK has sold more of its stake in Tesla, and snatched shares in online broker Robinhood markets, showed an email update from the investment management firm. ARK’s flagship fund, ARK Innovation ETF (ARKK) dropped 56,975 shares, … Read more

Cathie Woods ARK Funds bought Robinhood and Exact Sciences, sold Tesla.

Text size The logo of the trade application Robinhood on a mobile phone AFP via Getty Images Cathie Woods ARK has sold more of its stake in Tesla, and snatched shares in online broker Robinhood markets, showed an email update from the investment management firm. ARK’s flagship fund, ARK Innovation ETF (ARKK) dropped 56,975 shares, … Read more

General Motors explores electric boats, acquires 25% stake in Engine Maker – CBS Detroit

DETROIT (AP) – General Motors is testing the waters of electric boating by buying a 25% stake in a Seattle-based company that manufactures battery-powered outboard engines. On Monday, the Detroit automaker said it bought the stake in Pure Watercraft for a company it says will develop and commercialize battery electric jet skis. Founded in 2011, … Read more

Operates electric cars, wireless charging paths and drones – CBS Detroit

Southfield (CBS Detroit) – It was a big week for Motor City when President Joe Biden visited GM’s Factory Zero to talk about the electric future, Detroit and the $ 1 trillion infrastructure bill law, which is why CBS 62’s “Michigan Matters” dived into his visits, the road ahead for electric cars and more. President … Read more

Operates electric cars, wireless charging paths and drones – CBS Detroit

Southfield (CBS Detroit) – It was a big week for Motor City when President Joe Biden visited GM’s Factory Zero to talk about the electric future, Detroit and the $ 1 trillion infrastructure bill law, which is why CBS 62’s “Michigan Matters” dived into his visits, the road ahead for electric cars and more. President … Read more

Ford strikes deal with GlobalFoundaries to address its chip shortage – CBS Detroit

DETROIT (AP) – Ford Motor Company is in the process of drafting an agreement with a computer chip manufacturer to strengthen its semiconductor supplies and avoid a recurrence of this year’s auto factory shutdowns caused by shortages. Get details of the non-binding agreement with GlobalFoundaries Inc. was released, but the agreement aims to increase supplies … Read more

Operates electric cars, wireless charging paths and drones – CBS Detroit

Southfield (CBS Detroit) – It was a big week for Motor City when President Joe Biden visited GM’s Factory Zero to talk about the electric future, Detroit and the $ 1 trillion infrastructure bill law, which is why CBS 62’s “Michigan Matters” dived into his visits, the road ahead for electric cars and more. President … Read more

Stellantis Recalls Powerful Diesel Cylinders to Repair Fuel Pumps – CBS Detroit

DETROIT (AP) – Stellantis is recalling more than 240,000 heavy-duty diesel trucks, mostly in North America, to repair fuel pumps that could fail and cause engine stalls. The recall covers certain 2019 and 2020 heavy-duty pickups and chassis trucks equipped with 6.7-liter Cummins diesel engines. The recall comes about a month after the National Highway … Read more

Volkswagen Group recalls Audis; Passenger airbags may be disabled – CBS Detroit

DETROIT (AP) – The Volkswagen Group is recalling more than 240,000 Audi vehicles in the United States and Canada because an electrical cable problem could cause a computer to disable the passenger airbag. The recall covers certain 2017 to 2020 Audi A4, RS5, A5, S4 and S5 models. VW says in documents submitted to the … Read more