777 jili casino login
Canada obligated under international law to arrest Netanyahu if he enters country: Trudeau
ATLANTA (AP) — President Joe Biden's administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup electric vehicle maker struggled to become profitable. It's unclear whether the administration can complete the loan before Donald Trump becomes president again in less than two months, or whether the Trump administration might try to claw the money back. Trump previously vowed to end federal electric vehicle tax credits , which are worth up to $7,500 for new zero-emission vehicles and $4,000 for used ones. Rivian made a splash when it went public and began producing large electric R1 SUVs, pickup trucks and delivery vans at a former Mitsubishi factory in Normal, Illinois, in 2021. Months later, the California-based company announced it would build a second, larger, $5 billion plant about 40 miles (64 kilometers) east of Atlanta, near the town of Social Circle. The R1 vehicles cost $70,000 or more. The company plans to produce R2 vehicles, a smaller SUV, in Georgia with lower price tags aimed at a mass market. The first phase of Rivian’s Georgia factory is projected to make 200,000 vehicles a year, with a second phase capable of another 200,000 a year. Eventually, the plant is projected to employ 7,500 workers. But Rivian was unable to meet production and sales targets and rapidly burned through cash. In March, the company said it would pause construction of the Georgia plant. The company said it would begin assembling its R2 SUV in Illinois instead. CEO RJ Scaringe said the move would allow Rivian to start selling the R2 sooner and save $2.25 billion in capital spending. Since then, German automaker Volkswagen AG said in June it would invest $5 billion in Rivian in a joint venture in which Rivian would share software and electrical technology with Volkswagen. The money eased Rivian's cash crunch. Tuesday's announcement throws a lifeline to Rivian's grander plans. The company said its plans to make the R2 and the smaller R3 in Georgia are back on and that production will begin in 2028. “This loan would enable Rivian to more aggressively scale our U.S. manufacturing footprint for our competitively priced R2 and R3 vehicles that emphasize both capability and affordability,” Scaringe said in a statement. The Energy Department said the loan would substantially boost electric vehicles made in the United States and support Biden’s goal of having zero-emission vehicles make up half of all new U.S. sales by 2030. “As one of a few American EV startups with light duty vehicles already on the road, Rivian’s Georgia facility will allow the company to reach production volumes that make its products more cost competitive and accelerate access to international markets,” the department said in a statement. The loan includes $6 billion, plus $600 million in interest that will be rolled into the principal. The money would come from the Advanced Technology Vehicles Manufacturing Loan Program, which provides low-interest loans to make fuel-efficient vehicles and components. The program has focused mostly on loans to new battery factories for electric vehicles under Biden, but earlier helped finance initial production of the Tesla Model S and Nissan Leaf, two pioneering electric vehicles. Story continues below video The loan program, created in 2007, requires a "reasonable prospect of repayment" of the loan. Under Biden, the program has announced deals totaling $33.3 billion, including $9.2 billion for massive battery plants in Tennessee and Kentucky for Ford’s electric vehicles. Democratic U.S. Sen. Jon Ossoff , who has been a vocal supporter of electric vehicle and solar manufacturing in Georgia, hailed Tuesday's announcement as “yet another historic federal investment in Georgia electric vehicle manufacturing.” Ossoff had asked Energy Secretary Jennifer Granholm to support the loan in July. “Our federal manufacturing incentives are driving economic development across the state of Georgia,” Ossoff said in a statement. Georgia Gov. Brian Kemp says his goal is to make Georgia a center of the electric vehicle industry. But the Republican has had a strained relationship with the Biden administration over its industrial policy, even as some studies have found Georgia has netted more electric vehicle investment than any other state. Kemp has long claimed that manufacturers were picking Georgia before Biden's signature climate law, the Inflation Reduction Act, was passed. Efforts to bring Rivian to Georgia predated the Biden administration and "our shared vision to bring opportunity to Georgia will remain no matter who resides in the White House or what party controls Congress,” Kemp spokesperson Garrison Douglas said Tuesday. The loan to Rivian could rescue one of the Kemp administration's signature economic development projects even as Biden leaves office. That could put Rivian and Kemp in the position of defending the loan if Trump tries to quash it. State and local governments offered Rivian an incentive package worth an estimated $1.5 billion in 2022. Neighbors opposed to development of the Georgia site mounted legal challenges. State and local governments spent around $125 million to buy and prepare the nearly 2,000-acre (810-hectare) site. The state also has completed most of $50 million in roadwork that it pledged. The pause at Rivian contrasts with rapid construction at Hyundai Motor Group’s $7.6 billion electric vehicle and battery complex near Savannah. The Korean automaker said in October that it had begun production in Ellabell, where it plans to eventually employ 8,500. Associated Press writer Matthew Daly in Washington contributed to this story.
None
WASHINGTON , Nov. 25, 2024 /PRNewswire/ -- The Chief Executive Officer of the National Electrical Contractors Association (NECA) expressed his profound thanks to President-elect Donald Trump and extended his heartfelt congratulations to Representative Lori Chavez-DeRemer on her nomination as Secretary of the U.S. Department of Labor. "On behalf of our 4,000 NECA contractors and the hundreds of thousands of workers they employ across the nation in our nearly quarter trillion-dollar industry, I want to congratulate Representative Lori Chavez-DeRemer on her nomination to head up the Department of Labor," said David Long , CEO of NECA. "Her leadership, dedication, and commitment to fostering economic growth and workforce development make her an outstanding choice to lead the Department of Labor. We are confident she will bring a thoughtful and collaborative approach to addressing the challenges and opportunities facing America's workforce." Representative Chavez-DeRemer has demonstrated a deep understanding of the critical role skilled trades play in building a strong economy. Her support for apprenticeship programs, workforce training initiatives, and fair labor practices aligns with NECA's mission to create a thriving environment for the electrical construction industry and the people who power our nation. "As NECA continues to champion the skilled trades and the electrical construction industry, we look forward to working closely with Representative Chavez-DeRemer to advance policies that ensure a robust workforce, uphold workplace safety, and promote innovation in our sector," Long added. NECA stands ready to collaborate with the Department of Labor under Representative Chavez-DeRemer's leadership to unite the needs of employers, workers, and apprentices across the nation. We extend our best wishes to her for a successful confirmation process and look forward to seeing the positive impact of her work in this critical role. ABOUT THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION NECA is the voice of the $240 billion electrical construction industry that brings power, light, and communication technology to buildings and communities across North America. NECA's national office and 118 local chapters advance the industry through advocacy, education, research, and standards development. Go to www.necanet.org for more information. View original content to download multimedia: https://www.prnewswire.com/news-releases/electrical-contractors-congratulate-representative-lori-chavez-deremer-on-nomination-as-us-secretary-of-labor-302315777.html SOURCE National Electrical Contractors Assoc Inc.
Pep Guardiola’s side at least avoided the indignity of a sixth successive defeat in all competitions but alarm bells continue to ring at the Etihad Stadium after a dramatic late capitulation. A double from Erling Haaland – the first from the penalty spot – and a deflected effort from Ilkay Gundogan, all in the space of nine minutes either side of the break, looked to have ensured a return to winning ways. Yet Guardiola was left with his head in hands as Feyenoord roared back in the last 15 minutes with goals from Anis Hadj Moussa, Sergio Gimenez and David Hancko, two of them after Josko Gvardiol errors. City almost snatched a late winner when Jack Grealish hit the woodwork but there was no masking another dispiriting result. It was hardly the preparation City wanted for Sunday’s crunch trip to Liverpool, and the Feyenoord fans took great delight in rubbing that fact in. They sung the club anthem they share with Liverpool, You’ll Never Walk Alone, and chanted the name of their former manager Arne Slot, the current Reds boss. Guardiola arrived at the ground with a cut on the bridge of his nose and, once again, his side have been struck a nasty blow. Despite not being at their best, they had dominated early on against what seemed limited Dutch opposition. They threatened when a Gundogan shot was deflected wide and Haaland then went close to opening the scoring when he turned a header onto the post. Feyenoord goalkeeper Timon Wellenreuther gifted City another chance when he passed straight to Bernardo Silva but Grealish’s fierce volley struck team-mate Phil Foden. Foden forced a save from Wellenreuther but City had a moment of alarm when Igor Paixao got behind the defence only to shoot tamely at Ederson. Nathan Ake missed the target with a header but some luck finally went City’s way just before the break when Quinten Timber, brother of Arsenal’s Jurrien, was harshly adjudged to have fouled Haaland. The Norwegian rammed home the resulting spot-kick and City returned re-energised for the second period. They won a corner when a Matheus Nunes shot was turned behind and Gundogan fired the hosts’ second – albeit with aid of a deflection – with a firm volley from the edge of the box. City turned up the heat and claimed their third soon after as Gundogan released Nunes with a long ball and his low cross was turned into the net by a sliding Haaland. 44' ⚽️ Man City 1-0 Feyenoord50' ⚽️ Man City 2-0 Feyenoord53' ⚽️ Man City 3-0 Feyenoord75' ⚽️ Man City 3-1 Feyenoord82' ⚽️ Man City 3-2 Feyenoord89' ⚽️ Man City 3-3 Feyenoord 🤯🤯🤯 #UCL — UEFA Champions League (@ChampionsLeague) November 26, 2024 It seemed City were heading for a morale-lifting victory but a couple of Gvardiol errors changed the script. The Croatian, who had a torrid time in Saturday’s 4-0 thrashing by Tottenham, first horribly misplaced a backpass and allowed Moussa to nip in and round Ederson. Ordinarily that 75th-minute reply would have been a mere consolation and City would close out the game, but Gvardiol had another moment to forget eight minutes from time. Again he gave the ball away and Feyenoord pounced. The ball was lofted into the box and Jordan Lotomba fired a shot that glanced the post and deflected across goal, where Gimenez chested in. Ederson then blundered as he raced out of his area and was beaten by Paixao, who crossed for Hancko to head into an empty net. Amid some moments of unrest in the crowd, when objects were thrown, City tried to rally in stoppage time. Grealish had an effort deflected onto the bar but the hosts had to settle for a draw.AP Sports SummaryBrief at 6:11 p.m. ESTBernadette McIntyre announced as Sask.'s 24th lieutenant-governor
Baijiayun Announces Up To $15 Million Convertible Promissory Notes And $50 Million Standby Equity Purchase Agreement
Anti-fraud efforts meet real-world test during ACA enrollment periodNo. 22 Xavier faces South Carolina St., eyes rebound from lone lossTrump amenaza con arancel de 100% a países del BRIC si intentan sustituir al dólar estadounidense
Man City crisis continues as Feyenoord come from three down to draw
Barclays raised its 2025 forecast for the S&P 500 index on Monday to 6,600 from 6,500, on the back of a resilient U.S. economy, gradual decrease in inflation and robust potential earnings growth of mega-cap technology stocks. The revised forecast represents an upside of 10.56% from the index’s close of 5,969.34 on Friday and 10% from Barclays’ estimate of 6,000 for 2024. “For U.S. equities, we think macro positives outweigh the negatives heading into next year,” analysts at Barclays wrote in a note. The U.S. Federal Reserve is expected to continue its monetary policy easing cycle, while the uncertainty post the U.S. election has been resolved and jobless rate remains low, Barclays said, which could together boost the benchmark index. Last week, both Goldman Sachs and Morgan Stanley forecast the index could touch 6,500, banking on continued growth in the U.S., stronger corporate earnings and the Fed’s rate-cut path. Big Tech companies will continue to drive S&P 500 earnings, said Barclays which raised the benchmark index’s earnings-per-share estimate to $271 from $268. “We expect most sectors to be impacted by disinflationary margin pressure and slowing ex-US growth in 2025, while Big Tech continues offsetting to the upside,” Barclays noted. Barclays also upgraded the U.S. industrial and health sectors while downgrading consumer staples and utilities. Source: Reuters (Reporting by Gokul Pisharody in Bengaluru; Editing by Krishna Chandra Eluri)
- Previous: fb 777 casino login
- Next: fc178 casino login