Automotive

WASHINGTON (AP) — A new tax credit for U.S.

TERRE HAUTE, Ind.

OTTAWA — Temporary changes to the employment insurance program made during the pandemic are set to expire soon, jeopardizing access to jobless benefits for automotive workers in Windsor, Ont.

TORONTO — The federal government signed separate agreements with Volkswagen and Mercedes-Benz Tuesday that will see the two German auto manufacturers secure access to Canadian raw materials for batteries in electric vehicles.

BEIJING (AP) — One of the world’s few rare earths processors outside China has bought exploration rights to mine in Greenland, opening an avenue for diversifying supplies of the minerals critical for advanced and green technologies.

TRUCKEE, Calif. (AP) — A body found in a Northern California reservoir is believed to be that of 16-year-old Kiely Rodni, who went missing weeks ago after attending a large party at a Sierra Nevada campground, authorities said Monday.

DETROIT (AP) — About 3,000 white-collar workers at Ford Motor Co. will lose their jobs as the company cuts costs to help make the long transition from internal combustion vehicles to those powered by batteries.

In The News is a roundup of stories from The Canadian Press designed to kickstart your day. Here is what's on the radar of our editors for the morning of Monday, August 22, 2022 ... What we are watching in Canada ...

BEIJING (AP) — Asian stock markets were mostly lower Monday after China cut an interest rate that affects mortgage lending while investors looked ahead to this week’s Federal Reserve conference for signals about more possible U.S.

NEW YORK — Technology stocks led Wall Street lower, leaving major indexes in the red for the week. The benchmark S&P 500 index gave back 1.3% Friday, breaking a four-week winning streak. The tech-heavy Nasdaq composite fell even more.