The revival of the Stellantis plant is a stunning reversal of fortunes for Belvidere, Ill. But workers say they won’t rest until they see the concrete being poured.
The UAW Strike Saved Their Shuttered Plant, But the Fight Is Just Beginning
Tag: electric vehicles
China Overtakes Europe in Clean Energy Tech Research
China has become a powerhouse in clean energy, and has overtaken the EU on clean technology research, a paper prepared for the European Commission has shown.
“China has caught up with the EU in R&D expenditure. While Chinese R&D intensity more than doubled since 2000, EU R&D intensity grew much slower. As a result, China caught up with the EU while the US keeps a consistent lead,” according to the brief on the EU-China exposure in trade, investment, and technology.
“China is increasingly becoming a world leader in science and innovation, for several critical technologies outlined in the 2023 Commission Recommendation on critical technology areas for the EU’s economic security,” the authors of the study for the Commission wrote.
China Overtakes Europe in Clean Energy Tech Research
China is eating Europe’s lunch, as well! On another note, the EU should worry more about their dependence, on the US, than on China. Then again, they’re a vassal state of the US.
Previously:
China Bans Exports of Rare Earth Tech as Critical Minerals Race Heats Up
China is prohibiting the export of some technologies to process rare earth elements to protect its national security as the race for critical minerals supply intensifies.
China Bans Exports of Rare Earth Tech as Critical Minerals Race Heats Up
ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements
ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements
With an annual total capital expenditure and exploration expense projection ranging between US$23 billion to US$25 billion, ExxonMobil is set to allocate US$22-$27 billion annually toward project spending until 2027. This includes a commitment to emerging ventures in lithium and low-carbon initiatives, with an 18% increase in spending in these areas.
Emphasizing its dedication to the energy transition, ExxonMobil’s Low Carbon Solutions division is expected to witness an increase in budget from US$17 billion to US$20 billion between 2022 and 2027, contingent upon government support.
The company plans to ramp up annual share buybacks to $20 billion by 2025, an increase from the current US$17.5 billion, following the completion of the Pioneer merger. Additionally, ExxonMobil continues its divestment strategy for refining operations.
Related:
Everything Elon Musk Did While Visiting Israel
Facing millions in lost advertising revenue after he championed an antisemitic conspiracy theory on Twitter, Elon Musk toured Israel and met with the country’s leaders. The Onion examines everything Musk did while visiting Israel.
Everything Elon Musk Did While Visiting Israel
Stellantis commits nearly $5B to Belvidere with new UAW contract
Eight months ago, the idling of the Belvidere Assembly Plant had local United Auto Workers questioning their next steps.
Stellantis commits nearly $5B to Belvidere with new UAW contract
Countries Eye Weight Tax To Counter Public Safety Threat Of Extremely Heavy, Large EVs
Countries Eye Weight Tax To Counter Public Safety Threat Of Extremely Heavy, Large EVs
The electric Ford Lightning, for example, is a whopping 6,500 pounds. The Hummer EV is even heavier, clocking in at 9,000 pounds. Its battery alone weighs more than a Honda Civic. Experts have pointed out the significant safety ramifications of this transition for a while, but it’s still not clear that we’ve prepared the regulatory and policy landscape for such a transition.
Sidelined on UAW strikes, Biden White House talks economic aid
WASHINGTON, Sept 19 (Reuters) – As the UAW strike enters its fifth day, the Biden administration is hobbled by a lack of legal authority to steer the talks and difficulty in figuring out UAW President Shawn Fain’s negotiating strategy and leadership style, three sources said.
Sidelined on UAW strikes, Biden White House talks economic aid
As Biden Scrambles to Save Suppliers, UAW Limits Strike’s Impact
Last night’s announcement by UAW President Shawn Fain that the union would initially only strike at three non-strategic plants has confused many in the labor movement. The announcement comes as the Biden Administration has stepped in to stop the strike from spread and protect its $15 billion investment in transitioning the auto parts industry to make electric vehicles.
As Biden Scrambles to Save Suppliers, UAW Limits Strike’s Impact
Foxconn Selling Two Empty Wisconsin Buildings After Failed Promises to Bring Jobs to the State
The manufacturing project became infamous when former President Trump broke ground at the site and red flags became immediately apparent.
Foxconn Selling Two Empty Wisconsin Buildings After Failed Promises to Bring Jobs to the State
Related:
Trump promised this Wisconsin town a manufacturing boom. It never arrived.
Roughly 100 homeowners and farmers were forced to move, sometimes under threat of eminent domain, so their properties could be bulldozed to make way for the campus, according to residents and village officials. The village paid more than 40 percent over market value for that land, officials noted.
Ms. Cat’s Chronicles 
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