US Secretary of Commerce Gina Raimondo today delivered a speech titled “The CHIPS Act and a Long-term Vision for America’s Technological Leadership” at Georgetown University’s School of Foreign Service. In her remarks, Raimondo outlined the opportunity provided by the CHIPS and Science Act and the long-term goals she has set for the program to solidify America’s technology and innovation leadership while protecting America’s economic and national security.
The CHIPS Act allocated $39 billion for manufacturing incentives to encourage companies to build and expand. Commerce will be announcing the first application next week. Continue reading











IIHS Toughens Musts for Top Safety Pick Ratings
The Insurance Institute for Highway Safety said today that it is strengthening the requirements for its Top Safety Pick and Top Safety Pick+ awards in 2023 by wanting better side crash protection and improved pedestrian crash prevention systems and eliminating weak headlights from the field of qualifying vehicles. (Award Winners click here)
The biggest change to the criteria for both awards is the replacement of the original IIHS side crash test with the updated evaluation launched in 2021. The updated test involves 82% more energy than the original test. Vehicles must earn an acceptable or good rating to qualify for Top Safety Pick, while a good rating is required for the “plus.” Notably absent from the highest Plus rating are products from what were once called the Detroit Three makers thus far. Continue reading →