Peak subsidy for America’s EVs?

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Plus, Why GM is phasing out Apple CarPlay View in Browser Greetings from the Motor City!   Well, the Detroit Tigers lost their first game of the season. Four more weeks of winter.   On the plus side, it is Friday and the Auto File is here to give you plenty of things to talk about at Happy Hour besides the other stuff in today's news.   Lots of action on the electric and connected vehicle front today, including:   Washington is tightening the lid on EV subsidies Elon Musk plans a visit to China GM and Google put the squeeze on Apple Have a great weekend!   He still wants you to buy an electric vehicle. Want an EV subsidy? Act now. The Biden Administration released new guidance to determine which electric vehicles will qualify for $7,500 tax credits under the Inflation Reduction Act. The proposed rules (you can download them here ) are complicated, addressing w...

EU to ease process of winding down medium-sized banks - Bloomberg News

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Visit Reuters.com for the latest news Global Investor   Tweet       Share EU to ease process of winding down medium-sized banks - Bloomberg News The European Union intends to make it easier to wind down medium-size banks that fail by tapping national deposit guarantee systems for funding, Bloomberg News reported on Friday, citing people familiar with the matter. U.S. regulator seeks sale of Silicon Valley Bank, Signature Bank portfolios, sources say The Federal Deposit Insurance Corporation (FDIC) has retained advisers to s...