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Porsche could raise its stake in Rimac to nearly 50%

Porsche could raise its stake in Rimac to nearly 50%

FRANKFURT — Volkswagen unit Porsche is participating in a financing round of Rimac Automobili that will see the electric supercar maker raise 130 million-150 million euros ($157 million-$181 million), its owner Mate Rimac told weekly Automobilwoche. The fundraising...
Airlines meet with Biden officials to push for green-fuel breaks

Airlines meet with Biden officials to push for green-fuel breaks

Chief executives of the nation’s largest passenger and cargo airlines met with key Biden administration officials Friday to talk about reducing emissions from airplanes and push incentives for lower-carbon aviation fuels. The White House said the meeting with...
How idled car factories supercharged a push for U.S. chip subsidies

How idled car factories supercharged a push for U.S. chip subsidies

When President Joe Biden on Wednesday stood at a lectern holding a microchip and pledged to support $37 billion in federal subsidies for American semiconductor manufacturing, it marked a political breakthrough that happened much more quickly than industry insiders had...