The recall now covers the car’s entire output, beginning with the 2017 version. The latest move, to add three model years, raises costs by $1 billion.
The pact clears the way for the group to pump more oil, helping ease a potential supply squeeze as global economies revive from pandemic lockdowns.
Experts say a period of costlier fuel is likely to be brief. But if consumers start to assume otherwise, it could mean problems for Biden and the Fed.
General Motors’ push to increase E.V. spending follows an announcement by Ford that it would start making an electric version of its F-150 pickup truck this year.
If it sells well, an electric version of the best-selling vehicle in the U.S. could help accelerate the move to electric vehicles.
An industry known for boom-bust cycles is resisting the temptation to pump more oil — for now.
The Organization of the Petroleum Exporting Countries and its allies stuck with its current quotas for April, with some exceptions.
The group is expected to weigh a potential but by no means certain production increase of as much as 1.5 million barrels a day.
The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less.
Oil prices rose to levels not seen since February. The two major oil producers had been moving in lock step since an April agreement to cut output.
With the city’s economy in a downturn, film production has been a bright spot, with crews again filling the city’s sound stages and, increasingly, the streets.
The original deal would have allowed increases starting next month. The new pact reflects producers’ concerns that the oil market could fall apart again.
But weak sales at stores and a stall in export orders raise fears of a possible second downturn this summer.
Businesses in the United States, Israel and other countries were planning to invest billions in export terminals. Now, those projects are being canceled or delayed.
Across the United States, companies are laying off workers, shutting down wells and preparing for a prolonged slump as oil prices tumble.
The aerospace giant said employees in the Puget Sound area would begin manufacturing commercial planes by the end of next week.
Saudi Arabia, Russia and other oil-producing nations have pledged to cut about 10 percent of global production, but demand is down by much more than that.
Some employees are coming in sick, and one woman died after being ordered back to work. “Our work conditions are out of control,” a longtime Tyson employee said.
The weakness raises the possibility that the Chinese economy may have shrunk in the first quarter of this year. It would be the first contraction since 1976.