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US durable goods orders drop 1.3% in April

U.S. orders for big-ticket manufactured goods dropped unexpectedly in April for the first time in 11 months as a shortage of computer chips disrupted auto production.

Defiant Ghosn pins hopes on French probes to clear his name

Auto magnate-turned-fugitive Carlos Ghosn is campaigning to clear his name, and hopes a visit by French investigators to his home in exile in Lebanon will be his first real opportunity to defend himself since the bombshell arrest that transformed him from a visionary to a prisoner overnight.

AutoNation's new Texas store kicks off national expansion

According to the automotive retailer, AutoNation USA San Antonio is one of five new stores that will open in 2021. Meanwhile, an additional 12 AutoNation USA stores will open in 2022. The company is aiming to have a total of 130 AutoNation USA stores open across the country by the end of 2026.

Biden looks abroad for electric vehicle metals, in blow to US miners

U.S. President Joe Biden will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on processing them domestically into battery parts, part of a strategy designed to placate environmentalists, two administration officials with direct knowledge told Reuters.

Uber, Lyft get EV mandate from California

California's clean air regulator on Thursday adopted rules to mandate that nearly all trips on Uber and Lyft's ride-hailing platforms have to be in electric vehicles over the next few years, the first such regulation by a U.S. state.