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Critical coal inventories affect nearly half of India’s domestic power plants
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Ather Energy shares climb 14% after quarterly profit and expansion plan
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FCNR(B) deposit drive puts sharper margin pressure on private banks
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Gold ETF flows turn negative after 13 weeks as bullion loses 4%
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Noel Tata requests records of September 17 Tata Sons board meeting
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Pakistan's last antique restorers give old treasures new life
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Reparations calls to dog King Charles's tough Caribbean trip
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India braces for Cyclone Arnab with evacuations
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Global rates and foreign outflows remain key risks for Indian markets
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Steel Strips Wheels gains 36% in two sessions on growth outlook
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Neha Nagar says ₹3 crore can fund retirement with disciplined planning
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Cavs edge T'Wolves in overtime despite superb Edwards
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Vikas Satija says steady SIP flows shielded Indian equities from deeper losses
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Prescott fires Cowboys to 38-21 win over plummeting Eagles
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Brewers rout Rays to reach brink of World Series sweep
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Kuwait padel chief hails national showing at Premier Padel Major
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Mbappe dropped by Chinese brands for 'offending national sentiments'
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Britain prepares constrained budget as debt and defence pressures mount
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Kuwait exhibition presents Ukraine’s Islamic heritage and cultural ties
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Valkyries beat Dream to reach brink of WNBA title
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Tech firms track Wall St rally on mixed day for Asian markets
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Benjamin Netanyahu: Israel's longest-serving PM fighting for survival
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Kuwait receives invitation to 2026 UN Water Conference in Abu Dhabi
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Climate-threatened Fijian utopia rejects calls to relocate
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Arab World Institute president outlines plans for stronger Kuwait-France cultural links
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Israel to give verdict on Netanyahu in pivotal election
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Bolsonaro's party says it recognizes Lula's election win in Brazil
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$1m bounties, dawn arrests: Trump presses voter fraud campaign
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Meghan on TV menu for 'Junior MasterChef Australia'
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Gasping for air: Borneo residents struggle as island burns
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South Korea's chip boom fuels forecast-beating third-quarter growth
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Doha exhibition charts a millennium of Chinese maritime ceramics trade
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US-brokered truce begins in Ukraine city occupied by Russia
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New Zealand ex-PM Ardern to teach leadership in Sydney
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Qatar launches Fashion and Crafts Council to connect talent with global markets
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Jordan strikes militant groups in Syria after church attack
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FIA chief praises Middle East motorsport volunteers and officials
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South Korea economy grows three times faster than expected in Q3
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Australia warns of 'unprecedented' AI threat
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Al-Thawadi urges technology to deepen human connection through shared experiences
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Qatar Amir arrives in Moscow for eighth GECF summit
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Kane beats Yamal and Mbappe to taste Ballon d'Or glory
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Harry Kane wins men's Ballon d'Or
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عمار بن حميد يوجّه بتطوير الخدمات للمواطنين والمقيمين وقطاع الأعمال
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تحدي القراءة العربي يوسع أثره ويعزز المشاركة المعرفية
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Smaller Detroit Auto Show kicks off ahead of Biden address
A revived Detroit Auto Show kicked off in earnest Wednesday with presentations by GM and Stellantis brands ahead of an address by President Joe Biden expected to highlight electric vehicle investments.
Chevrolet Vice President Steve Majoros spotlighted the General Motors brand's electric versions of top-selling trucks.
These include the massive Silverado pickup truck -- typically the nation's second most popular vehicle after the Ford F-series -- and the Equinox, unveiled last Thursday with a starting price of $30,000, an affordable level in a pricey space.
Chevy, which unveiled Wednesday a performance edition of its Tahoe gasoline-powered truck, plans this weekend to launch a new media blitz highlighting its electric vehicle offerings at different price points in ways that will lead to "mainstream EV adoption at scale," Majoros told the gathering.
Stellantis brand Jeep released a 30-year commemorative edition of the popular Grand Cherokee SUV, as well as a new fifth-generation model that is the first Jeep plug-in hybrid.
The presentations opened the first Detroit car show since 2019 following pandemic cancelations. The gathering, shifted to fall from its old January time slot, is much smaller than in years past, with most foreign automakers and newer players like Tesla not presenting.
Biden is expected to tout major legislative victories in recent weeks on federal funding for semiconductor investment and climate change mitigation.
A White House fact sheet highlighted a deluge of investment decisions by companies that have amounted to nearly $85 billion in investment on manufacturing of EVs, batteries, and chargers in the United States since Biden took office.
"The President's economic plan has generated an American, EV manufacturing boom that is creating new economic opportunity and tens of thousands of good-paying and union jobs across the country," the fact sheet said.
Automakers have been griping about a provision in the just-passed Inflation Reduction Act that sets strict sourcing requirements for federal EV subsidies.
But Biden has a long and generally warm relationship with Detroit giants after presiding as vice president over the bailouts following the 2008 financial crisis.
As president, he has visited both GM and Ford.
Biden "has given a lot of kudos to the Detroit automakers," said Jessica Caldwell, executive director of insights for the automotive research firm Edmunds.
"He's been seen driving a lot of their products at the White House and all sorts of other places."
S.Abdullah--SF-PST