One reason for the industry shift is that electric vehicles are simply faster off the starting line. Their handling is typically better, too.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
U.S. to hold trade talks with Taiwan; island drills military
The announcement of trade talks comes after Beijing fired missiles into the sea to intimidate Taiwan after U.S. House Speaker Nancy Pelosi this month became the highest-ranking American official to visit the island in 25 years.
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Posted inBusiness, Nation & World, News
Trump CFO pleads guilty to tax violations, could be star prosecution witness
Allen Weisselberg admits taking in over $1.7 million worth of untaxed perks – including school tuition for his grandchildren, free rent for a Manhattan apartment and lease payments for a luxury car.
Posted inBusiness, Uncategorized
Struggling Americans feel they are in a recession, Bank of America CEO says
Brian Moynihan says the recent debate over whether the U.S. economy is technically in a recession or not is missing the point.
Posted inBusiness, Uncategorized
Bank of America’s overdraft fees down 90% under new policy
Revenue is down after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.
Posted inBusiness, Uncategorized
U.S. retail sales were flat in July as inflation takes a toll
Persistently high inflation and rising interest rates forced many households to spend more cautiously.
Posted inBusiness, Sports, Uncategorized
Musk tweet joking about buying Manchester United causes stir
Elon Musk tweeted Wednesday that he was buying the English soccer team.
Posted inBusiness
Lowe’s becomes latest employer to give workers inflation bonuses
Other businesses around the United States have been offering workers bonuses and gift cards to offset the cost of gas.
Posted inBusiness, Nation & World, News
Pharmacies must pay 2 Ohio counties $650 million in opioids lawsuit
A federal judge in Cleveland says in the ruling that the money will be used to abate a continuing opioid crisis in the counties outside Cleveland.
Posted inBusiness, Local & State, News
Independent Maine auto repair shops pursuing right-to-repair referendum
The small, privately run repair shops say the auto industry’s grip on newer, advanced technology threatens consumers’ right to choose where they get cars fixed, or to even do the work themselves.