Hertz to buy 65,000 electric cars from Polestar

new York CNN Business — Swedish electric car maker Polestar is selling up to 65,000 electric vehicles to Hertz over the next five years, the companies announced Monday. The move follows an order Hertz placed for 100,000 electric cars made by Tesla in October 2021. Polestar CEO Thomas Ingenlath previously told Automotive News Europe that … Read more

UAW leader says he hasn’t talked to Elon Musk about union vote at Tesla

The leader of the United Auto Workers union said he hasn’t talked with Tesla Inc.’s Elon Musk after the chief executive’s invitation to hold a union vote, but was open to such talks if the company addressed past issues. “I’ve actually not talked to Mr. Musk or any representative of Tesla,” UAW President Ray Curry … Read more

Weekend reads: the slowing housing market and inverted yield curve signal a coming recession

It is human nature to fear missing out as prices skyrocket, But all bubbles burst eventually. Ian Shepherdson of Pantheon Macroeconomics predicts a 25% decline in US home sales. What will that do to prices? Weigh in with your thoughts. A classic signal for a recession On March 24, the yield on five-year US Treasury … Read more

A ‘Marshall plan’ for energy? Here’s what it would look like as new cold war dawns

One of America’s top bankers told President Biden the US needs a “Marshall Plan” for energy production in light of surging oil prices. Higher energy costs threaten to worsen to already high inflation and could even trigger a recession. The Marshall Plan was a multi-pronged US strategy after World War Two to rebuild Europe, help … Read more