Business briefs 09/19/24

Published 12:55 pm Wednesday, September 18, 2024

GM EVs can use

Tesla Superchargers

Electric vehicles made by General Motors have gained access to Tesla’s Superchargers, GM said Wednesday, marking another step forward for efforts to settle on a universal public charger network for battery-powered cars and trucks in the United States. The update expands the number of vehicles compatible with the North American Charging Standard developed by Tesla. The new changes take effect immediately, along with sales of the GM-approved power adapters. Some Tesla chargers won’t work with GM’s adapter, according to GM. Customers can use their mobile apps to locate compatible chargers, the company said.

Amazon warehouse

workers get a raise

Amazon.com Inc. is raising the pay of its hourly warehouse workers by at least $1.50 an hour and adding Prime memberships to their benefits. The raises will take effect this month for the hundreds of thousands of employees working for Amazon’s sprawling U.S. logistics operation, boosting the average base wage to more than $22 an hour, the company said in a blog post on Wednesday. The pay bump comes as inflation, though well below its post-pandemic highs, continues to eat away at the value of workers’ paychecks. Employees will start receiving Prime as part of their compensation beginning early next year, the company said

EV chargers may

get tax credits

The Biden administration is moving to clarify how homeowners and businesses can receive lucrative tax credits for installing electric vehicle chargers. A rule proposed Wednesday by the Treasury Department would make credits worth up to $1,000 for individuals and $100,000 for businesses available for each EV charger that is installed. If finalized, the new rule would be especially valuable to businesses that plan to install multiple chargers and would be able to earn significant credits to offset the expense. The proposal announced Wednesday follows guidance issued in January that made tax credits for installing EV chargers available in about two-thirds of the country.

Google gets EU

fine overturned

Google has won a court challenge against a 1.49 billion euro European Union antitrust fine imposed five years ago that targeted its online advertising business. The EU’s General Court said Wednesday it was throwing out the 2019 penalty imposed by the European Commission, which is the 27-nation bloc’s top antitrust enforcer. The commission’s ruling applied to a narrow portion of Google’s ad business: ads that the U.S. tech giant sold next to Google search results on third-party websites. Regulators had found that Google inserted exclusivity clauses in its contracts that barred these websites from running similarly placed ads sold by Google’s rivals.

— Bulletin wire reports

Marketplace