-
Recent Posts
- Ford Recalls ~288,000 Explorers for Flying Roof Rail Covers
- First Look – The 2027 Trendsetting Toyota Prius Hybrid
- Volvo Cars Posts Grim Q2 2026 Operating Results
- WEC – Ford Hypercar V8 moves from Dyno to Race Car
- Stellantis Increases EU Registrations during H1 2026
- Gasoline National Average Moves Higher Near $4 Gallon!
- Transportation Costs Rising for Producers. You’ll Pay More Too
- Cut Energy Waste. Save $4.8 Trillion or $31,000 a Household!
- Trump-conomics – Consumer Cost For Transportation up 6.5%
- First look – 2027 Toyota Corolla Hatchback. Unequaled Value?
- Jeep Grand Wagoneer, Grand Wagoneer L Brake Recalls
- Ford Mustang Recalls – Sudden Power Loss, Washer/Wipers
- Park Outside! Kia Recalls ~463,000 Telluride Models for Fires
- Audi of America Q2 2026 Sales Drop 17%
- Loss Making Survival Diet – VW Group Efficiency Quest
Recent Comments
- Magna International on Magna International Posts Q1 2026 EPS Loss of $0.04
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
- Michigan Governor Whitmer on Pew – Confidence in Trump Dips, Fewer Support His Policies
- Porsche Motorsport Daytona Victory on Daytona 24 Hours – Old and New Stars Getting Ready to Run
Archives
Meta
Tag Archives: U.S. Department of Commerce
BMW Manufacturing Top U.S. Exporter Again
BMW Manufacturing said today that it was the leading automotive exporter by value in the United States in calendar year 2024, according to data released this month by the U.S. Department of Commerce. Plant Spartanburg exported~225,000 BMW Sports Activity Vehicles and Coupes last year with an export value of more than $10 billion. Since 2014, the South Carolina plant has exported more than 2.7 million BMWs – about 63% of total production – with an export value of more than $104 billion. Continue reading
Department of Commerce Proposes $8.5B Intel Funding
The U.S. Department of Commerce and Intel Corporation have reached a non-binding preliminary memorandum of terms (PMT) to provide up to $8.5 billion in direct funding under the CHIPS and Science Act to strengthen the U.S. supply chain and re-establish American leadership in semiconductor manufacturing, the Biden-Harris Administration said today. This is the Department of Commerce’s fourth PMT announcement under the CHIPS and Science Act. So-called leading-edge chips power the most sophisticated technology extant, including developing AI and building critical military systems and weapons.
“There is no one who cares more about revitalizing American manufacturing than President Biden, and today’s announcement is a massive step towards ensuring America’s leadership in manufacturing for the 21st century. With this agreement, we are helping to incentivize over $100 billion in investments from Intel – marking one of the largest investments ever in U.S. semiconductor manufacturing, which will create over 30,000 good-paying jobs and ignite the next generation of innovation,” said U.S. Secretary of Commerce Gina Raimondo. Continue reading
Posted in auto news, autonomous cars, autonomous vehicles, economy, electric vehicles, electronics, engineering, manufacturing, milestones, news analysis, software defined vehicles, software defined vehicles
Tagged artificial intelligence, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden-Harris Administration, CHIPS and Science Act, Gina Raimondo, Intel, Intel 18A, Ken Zino, Pat Gelsinger, semi-conductors, U.S. Department of Commerce
Leave a comment
Commerce – Countervailing Duties on Vietnamese Cars,Tires
Among the subsidies preliminarily countervailed is Vietnam’s undervalued currency. This is the first time that Commerce has ever made an affirmative CVD determination regarding a foreign currency with a unitary exchange rate. Commerce will instruct U.S. Customs and Border Protection to collect cash deposits from importers of passenger tires from Vietnam based on these preliminary rates above. Continue reading
BMW Group Plant Spartanburg Largest U.S. Auto Exporter
“Plant Spartanburg is proud to be the largest automotive exporter by value in the United States, a distinction that underscores our commitment to both the state of South Carolina and the nation’s economic strength,” said Robert Engelhorn, president and CEO of BMW Manufacturing in Spartanburg. “Our exports play a crucial role in supporting a favorable balance of trade, which is essential for sustained economic growth.” Continue reading →