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	<title>general motors &#8211; Cincy Link</title>
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		<title>Chip shortage leaves 95K GM vehicles unfinished in storage</title>
		<link>https://cincylink.com/2023/07/11/chip-shortage-leaves-95k-gm-vehicles-unfinished-in-storage/</link>
					<comments>https://cincylink.com/2023/07/11/chip-shortage-leaves-95k-gm-vehicles-unfinished-in-storage/#respond</comments>
		
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		<pubDate>Tue, 11 Jul 2023 04:00:23 +0000</pubDate>
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					<description><![CDATA[DETROIT (AP)  — The global shortage of computer chips forced General Motors to build 95,000 vehicles without certain components during the second quarter. The Detroit automaker said in a regulatory filing Friday that most of the incomplete vehicles were built in June and that it expects most of them to be finished and sold to dealers &#8230;]]></description>
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<p>DETROIT (AP)  — The global shortage of computer chips forced General Motors to build 95,000 vehicles without certain components during the second quarter. </p>
<p>The Detroit automaker said in a regulatory filing Friday that most of the incomplete vehicles were built in June and that it expects most of them to be finished and sold to dealers before the end of the year. </p>
<p>The unsold vehicles amounted to 16% of GM's total sales from April through June. </p>
<p>The company said Friday that it sold more than 582,000 vehicles during the quarter, down more than 15% from a year ago.</p>
<p>The coronavirus pandemic has affected the automobile industry, resulting in factories being temporarily closed and production shrinking.</p>
<p>Forbes reported that car sales were almost nonexistent when the U.S. went into lockdown two years ago.</p>
<p>Pre-COVID, the supply of new vehicles on dealer lots around the country was about 4 million. Now, it's about 1 million.</p>
<p>After the filing was released, GM shares fell slightly to $31.69.</p>
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		<title>Tesla to make some EV chargers available to all</title>
		<link>https://cincylink.com/2023/06/02/tesla-to-make-some-ev-chargers-available-to-all/</link>
					<comments>https://cincylink.com/2023/06/02/tesla-to-make-some-ev-chargers-available-to-all/#respond</comments>
		
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		<pubDate>Fri, 02 Jun 2023 19:03:07 +0000</pubDate>
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		<guid isPermaLink="false">https://cincylink.com/?p=189287</guid>

					<description><![CDATA[Electric car giant Tesla will, for the first time, make some of its charging stations available to all U.S. electric vehicles by the end of next year, under a new plan announced Wednesday by the White House.The plan will make at least 7,500 chargers from Tesla's Supercharger and Destination Charger network available to non-Tesla EVs &#8230;]]></description>
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<p>
					 Electric car giant Tesla will, for the first time, make some of its charging stations available to all U.S. electric vehicles by the end of next year, under a new plan announced Wednesday by the White House.The plan will make at least 7,500 chargers from Tesla's Supercharger and Destination Charger network available to non-Tesla EVs by the end of 2024, the White House said.The plan to open the nation's largest and most reliable charging network to all drivers is a potential game-changer in promoting EV use, a key component of President Joe Biden's pledge to fight climate change. Biden has set a goal that 50% of new U.S. car sales be electric by 2030, and he has promised to install 500,000 chargers across America and build a network of fast-charging stations across 53,000 miles of freeways from coast to coast."As President Biden said, the great American road trip will be electrified," said Mitch Landrieu, a White House aide who oversees implementation of the 2021 infrastructure law signed by Biden.Soon, charging an EV "will be as easy as filling up at a gas station,'' Landrieu told reporters Tuesday ahead of the White House announcement.The plan to open up Tesla's charging network was among a series of developments announced Wednesday by the White House, including new standards to make EV charging networks convenient and reliable for all Americans and made-in-America requirements for EV components.“No matter what EV you drive, we want to make sure that you will be able to plug in, know the price you’re going to be paying and charge up in a predictable, user-friendly experience,” Transportation Secretary Pete Buttigieg said.Standards imposed by the Transportation Department require that EV chargers funded through the infrastructure law be built in the United States, effective immediately. By July 2024, 55% of the cost of all components must come from the U.S.Automakers warned before the rules were issued that imposing made-in-America requirements on EV components could harm EV growth.Biden, who has clashed with Musk over a range of issues, praised the billionaire on Twitter, the social media platform Musk bought last year.Musk's decision to open up Tesla's charging network to all drivers is "a big deal, and it'll make a big difference,'' Biden tweeted late Wednesday.Musk tweeted his thanks to Biden, adding, "Tesla is happy to support other EVs via our Supercharger network."By opening up its network, Tesla will be eligible to compete for federal grants to help create a nationwide charging network. The infrastructure law blocks federal subsidies for chargers that only serve one brand.Tesla, General Motors, EVgo, Pilot, Hertz and other companies have agreed to add thousands of public charging ports in the next two years, using private funds and federal spending from the infrastructure law, "putting the nation’s EV charging goals even closer within reach,'' the White House said.Under the administration's plan, Tesla will set up charging sites at hotels, restaurants and other public spaces in urban and rural locations, the White House said. All EV drivers will be able to access these stations using the Tesla app or website, officials said. Tesla plans to triple its nationwide network of Superchargers over the next few years, the White House said.The developments come after Landrieu and another top White House aide, John Podesta, met with Tesla CEO Elon Musk in Washington last month. Biden did not attend the meeting, which centered on the EV industry and the broader goal of electrification of the U.S. economy, the White House said.A week later, the Treasury Department said it is making more electric vehicles — including SUVs made by Tesla, Ford and General Motors — eligible for tax credits of up to $7,500 under new vehicle classification definitions. The revised standards follow lobbying by Tesla and other automakers to change vehicle definitions to allow higher-priced EVs to qualify for a maximum tax credit.Tesla raised prices on its Model Y SUV within hours of the Treasury announcement.Sam Abuelsamid, principal analyst for Guidehouse Insight, said the agreement to open up Tesla chargers to non-Tesla EVs "is potentially a very big deal."The plan "should be a big help to non-Tesla EV drivers if they can use the Tesla network and if the network remains as reliable as it is today,'' he said. A lack of high-quality public chargers on U.S. roads has slowed the growth of EV sales and is often cited by potential buyers as a leading obstacle to purchase of an EV.While the White House said the Tesla network should be available through use of a company app or website, an adaptor — or even a new charger design — will likely be required for non-Tesla EVs, Abuelsamid said.Mike Ramsey, an analyst at Gartner, said the agreement with Tesla was important on its own, but also as a sign of relative peace between Musk and the Biden administration. Musk has repeatedly clashed with Biden and other Democrats, and as the new owner of Twitter, Musk has released a slew of company information showing internal debates among Twitter employees over a decision to block a story about Hunter Biden, the president’s son.“It's not good for the U.S. government to alienate the top seller of EVs," Ramsey said in an interview.The Biden administration “needs Musk's help to grow EV use” in the United States, he added, and the new agreement "is a sign the government is working with the world's most important EV maker.''
				</p>
<div class="article-content--body-text">
					<strong class="dateline">WASHINGTON —</strong> 											</p>
<p> Electric car giant Tesla will, for the first time, make some of its charging stations available to all U.S. electric vehicles by the end of next year, under a new plan announced Wednesday by the White House.</p>
<p>The plan will make at least 7,500 chargers from Tesla's Supercharger and Destination Charger network available to non-Tesla EVs by the end of 2024, the White House said.</p>
<p><!-- article/blocks/side-floater --></p>
<p><!-- article/blocks/side-floater --></p>
<p>The plan to open the nation's largest and most reliable charging network to all drivers is a potential game-changer in promoting EV use, a key component of President Joe Biden's pledge to fight climate change. Biden has set a goal that 50% of new U.S. car sales be electric by 2030, and he has promised to <a href="https://apnews.com/article/technology-electric-vehicles-climate-and-environment-government-politics-b30c3212fff606f0c9b7e3d2ab8ebb41" rel="nofollow">install 500,000 chargers across America</a> and build a network of fast-charging stations across 53,000 miles of freeways from coast to coast.</p>
<p>"As <a href="https://apnews.com/article/biden-detroit-north-america-auto-show-e30f83b1d6e7df491b1a7953507dbaa4" rel="nofollow">President Biden said, the great American road trip will be electrified,</a>" said Mitch Landrieu, a White House aide who oversees implementation of the <a href="https://apnews.com/article/joe-biden-congress-infrastructure-bill-signing-b5b8cca843133de060778f049861b144" rel="nofollow">2021 infrastructure law signed by Biden.</a></p>
<p>Soon, charging an EV "will be as easy as filling up at a gas station,'' Landrieu told reporters Tuesday ahead of the White House announcement.</p>
<p>The plan to open up Tesla's charging network was among a series of developments announced Wednesday by the White House, including new standards to make EV charging networks convenient and reliable for all Americans and made-in-America requirements for EV components.</p>
<p>“No matter what EV you drive, we want to make sure that you will be able to plug in, know the price you’re going to be paying and charge up in a predictable, user-friendly experience,” Transportation Secretary Pete Buttigieg said.</p>
<p>Standards imposed by the Transportation Department require that EV chargers funded through the infrastructure law be built in the United States, effective immediately. By July 2024, 55% of the cost of all components must come from the U.S.</p>
<p>Automakers warned before the rules were issued that imposing made-in-America requirements on EV components could harm EV growth.</p>
<p>Biden, who has clashed with Musk over a range of issues, praised the billionaire on Twitter, the social media platform Musk bought last year.</p>
<p>Musk's decision to open up Tesla's charging network to all drivers is "a big deal, and it'll make a big difference,'' Biden tweeted late Wednesday.</p>
<p>Musk tweeted his thanks to Biden, adding, "Tesla is happy to support other EVs via our Supercharger network."</p>
<p>By opening up its network, Tesla will be eligible to compete for federal grants to help create a nationwide charging network. The infrastructure law blocks federal subsidies for chargers that only serve one brand.</p>
<p>Tesla, General Motors, EVgo, Pilot, Hertz and other companies have agreed to add thousands of public charging ports in the next two years, using private funds and federal spending from the infrastructure law, "putting the nation’s EV charging goals even closer within reach,'' the White House said.</p>
<p>Under the administration's plan, Tesla will set up charging sites at hotels, restaurants and other public spaces in urban and rural locations, the White House said. All EV drivers will be able to access these stations using the Tesla app or website, officials said. Tesla plans to triple its nationwide network of Superchargers over the next few years, the White House said.</p>
<p>The developments come after <a href="https://apnews.com/article/biden-elon-musk-technology-district-of-columbia-united-states-government-1c93dcef35cd6074c594901bf12ca7c0" rel="nofollow">Landrieu and another top White House aide, John Podesta, met with Tesla CEO Elon Musk in Washington</a> last month. Biden did not attend the meeting, which centered on the EV industry and the broader goal of electrification of the U.S. economy, the White House said.</p>
<p>A week later, <a href="https://apnews.com/article/biden-elon-musk-technology-us-department-of-the-treasury-climate-and-environment-a4f6351ddc59b3cc69cc21bd2b95ffa6" rel="nofollow">the Treasury Department said it is making more electric vehicles — including SUVs made by Tesla, Ford and General Motors — eligible for tax credits of up to $7,500</a> under new vehicle classification definitions. The revised standards follow lobbying by Tesla and other automakers to change vehicle definitions to allow higher-priced EVs to qualify for a maximum tax credit.</p>
<p><a href="https://apnews.com/article/technology-us-department-of-the-treasury-united-states-government-austin-business-26e13f4b28a48fe57fb8073061ce1a34" rel="nofollow">Tesla raised prices on its Model Y SUV</a> within hours of the Treasury announcement.</p>
<p>Sam Abuelsamid, principal analyst for Guidehouse Insight, said the agreement to open up Tesla chargers to non-Tesla EVs "is potentially a very big deal."</p>
<p>The plan "should be a big help to non-Tesla EV drivers if they can use the Tesla network and if the network remains as reliable as it is today,'' he said. A lack of high-quality public chargers on U.S. roads has slowed the growth of EV sales and is often cited by potential buyers as a leading obstacle to purchase of an EV.</p>
<p>While the White House said the Tesla network should be available through use of a company app or website, an adaptor — or even a new charger design — will likely be required for non-Tesla EVs, Abuelsamid said.</p>
<p>Mike Ramsey, an analyst at Gartner, said the agreement with Tesla was important on its own, but also as a sign of relative peace between Musk and the Biden administration. Musk has repeatedly clashed with Biden and other Democrats, and as the new owner of Twitter, Musk has released a slew of company information showing internal debates among Twitter employees over <a href="https://apnews.com/article/technology-politics-united-states-government-us-republican-party-business-6e34ad121a1e52892b782b0b7c0e59c3" rel="nofollow">a decision to block a story about Hunter Biden, the president’s son.</a></p>
<p>“It's not good for the U.S. government to alienate the top seller of EVs," Ramsey said in an interview.</p>
<p>The Biden administration “needs Musk's help to grow EV use” in the United States, he added, and the new agreement "is a sign the government is working with the world's most important EV maker.''</p>
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		<title>GM, Ford halt some production as chip shortage worsens</title>
		<link>https://cincylink.com/2021/09/04/gm-ford-halt-some-production-as-chip-shortage-worsens/</link>
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		<dc:creator><![CDATA[cincylink]]></dc:creator>
		<pubDate>Sat, 04 Sep 2021 04:28:30 +0000</pubDate>
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		<guid isPermaLink="false">https://cincylink.com/?p=88601</guid>

					<description><![CDATA[DETROIT (AP) — The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks. General Motors announced Thursday that it would pause production at eight North American plants during the next two weeks, including two that make the company's top-selling Chevrolet Silverado pickup. According &#8230;]]></description>
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<p>DETROIT (AP) — The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks. </p>
<p>General Motors announced Thursday that it would pause production at eight North American plants during the next two weeks, including two that make the company's top-selling Chevrolet Silverado pickup. </p>
<p>According to the <a class="Link" href="https://apnews.com/article/technology-business-health-coronavirus-pandemic-ed8ff73b019ccf0836f9032f2b02291e">Associated Press</a>, starting Monday, GM will close its plants in Fort Wayne, Indiana, and Silao, Mexico, for a week, a plant in Wentzville, Missouri, for two weeks, and other plants could be closed for two or more weeks.</p>
<p>Ford will stop making pickups at its Kansas City Assembly Plant for the next two weeks. </p>
<p>Shifts will be cut at two more truck plants in Dearborn, Michigan, and Louisville, Kentucky. </p>
<p>Industry analysts say the delta variant of the novel coronavirus has hit employees at chip factories in southeast Asia hard, forcing some plants to close. </p>
<p>That's worsened a chip shortage that was starting to improve earlier in the summer.</p>
<p>Ford and GM aren't the only car makers having to shut down plants due to the chip shortage.</p>
<p>Stellantis closed a plant in Sterling Heights, Michigan this week and its plants in Belvidere, Illinois and Windsor, Ontario will be closed for two weeks.</p>
<p>Nissan, which shutdown its plant in Smyrna, Tennessee, for two weeks until Aug. 30, has now pushed the closure back to four weeks, until Sept. 13.</p>
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		<title>General Motors sets goal of going largely electric by 2035</title>
		<link>https://cincylink.com/2021/08/30/general-motors-sets-goal-of-going-largely-electric-by-2035/</link>
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		<pubDate>Mon, 30 Aug 2021 04:38:42 +0000</pubDate>
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					<description><![CDATA[Related video above: California to ban new gas engine car sales by 2035General Motors has set a goal of making the vast majority of the vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years after that.The Detroit automaker's push into electric vehicles has gone into overdrive this year.GM &#8230;]]></description>
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					Related video above: California to ban new gas engine car sales by 2035General Motors has set a goal of making the vast majority of the vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years after that.The Detroit automaker's push into electric vehicles has gone into overdrive this year.GM has already announced that it will invest $27 billion in electric and autonomous vehicles in the next five years, a 35% increase over plans made before the pandemic. It will offer 30 all-electric models worldwide by the middle of the decade. By the end of 2025, 40% of its U.S. models will be battery electric vehicles. The company plans to include crossovers, SUVs, sedans and trucks in its electric vehicle lineup.GM said Thursday that it will source 100% renewable energy to power its U.S. sites by 2030 and global sites by 2035. That's five years faster than its previously announced global goal.And it has a goal of making all new light-duty vehicles, the vast majority of its fleet, fully electric within 14 years. The company will concentrate on offering zero-emissions vehicles in different prices ranges. It's also working with others, including the Environmental Defense Fund, to build out the necessary infrastructure to power its electric vehicles and to promote their use.To account for carbon emissions that it cannot eliminate, GM expects to invest in carbon credits or offsets.The 112-year-old auto giant unveiled a new corporate logo this month to signify its new direction as it openly pivots to electric vehicles. It wants to be seen as a clean vehicle company, rather than a builder of cloud-spewing gas-powered pickups and SUVs.GM scrapped its old square blue logo for a lower case gm surrounded by rounded corners and an ‘m’ that looks like an electrical plug.It also announced a new partnership with Microsoft this month with hopes of accelerating its rollout of electric, self-driving cars.GM's push for carbon neutrality comes a day after President Joe Biden signed executive orders that include moving to an all-electric federal vehicle fleet. His goal is to transform the nation’s heavily fossil-fuel-powered economy into a clean-burning one.So far, Wall Street has cheered the shift by GM which says the industry has reached a history-changing inflection point for mass adoption of electric vehicles.Its shares this year have outpaced even high-flying Tesla, rising more than 20% to date. Shares rose almost 2% Thursday.
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<p><strong><em>Related video above: California to ban new gas engine car sales by 2035</em></strong></p>
<p>General Motors has set a goal of making the vast majority of the vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years after that.</p>
<p>The Detroit automaker's push into electric vehicles has gone into overdrive this year.</p>
<p>GM has already announced that it will invest $27 billion in electric and autonomous vehicles in the next five years, a 35% increase over plans made before the pandemic. It will offer 30 all-electric models worldwide by the middle of the decade. By the end of 2025, 40% of its U.S. models will be battery electric vehicles. The company plans to include crossovers, SUVs, sedans and trucks in its electric vehicle lineup.</p>
<p>GM said Thursday that it will source 100% renewable energy to power its U.S. sites by 2030 and global sites by 2035. That's five years faster than its previously announced global goal.</p>
<p>And it has a goal of making all new light-duty vehicles, the vast majority of its fleet, fully electric within 14 years. The company will concentrate on offering zero-emissions vehicles in different prices ranges. It's also working with others, including the Environmental Defense Fund, to build out the necessary infrastructure to power its electric vehicles and to promote their use.</p>
<p>To account for carbon emissions that it cannot eliminate, GM expects to invest in carbon credits or offsets.</p>
<p>The 112-year-old auto giant unveiled a new corporate logo this month to signify its new direction as it openly pivots to electric vehicles. It wants to be seen as a clean vehicle company, rather than a builder of cloud-spewing gas-powered pickups and SUVs.</p>
<p>GM scrapped its old square blue logo for a lower case gm surrounded by rounded corners and an ‘m’ that looks like an electrical plug.</p>
<p>It also announced a new partnership with Microsoft this month with hopes of accelerating its rollout of electric, self-driving cars.</p>
<p>GM's push for carbon neutrality comes a day after President Joe Biden signed <a href="https://www.whitehouse.gov/briefing-room/presidential-actions/2021/01/27/executive-order-on-tackling-the-climate-crisis-at-home-and-abroad/" rel="nofollow">executive orders</a> that include moving to an all-electric federal vehicle fleet. His goal is to transform the nation’s heavily fossil-fuel-powered economy into a clean-burning one.</p>
<p>So far, Wall Street has cheered the shift by GM which says the industry has reached a history-changing inflection point for mass adoption of electric vehicles.</p>
<p>Its shares this year have outpaced even high-flying Tesla, rising more than 20% to date. Shares rose almost 2% Thursday.</p>
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		<title>Mark Cuban accuses 3M of allowing price gouging in medical equipment</title>
		<link>https://cincylink.com/2020/03/28/mark-cuban-accuses-3m-of-allowing-price-gouging-in-medical-equipment/</link>
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		<pubDate>Sat, 28 Mar 2020 15:19:30 +0000</pubDate>
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					<description><![CDATA[Billionaire investor Mark Cuban, owner of the Dallas Mavericks, joins 'CAVUTO Live' to discusses Trump's response to coronavirus. #FoxNews FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX &#8230;]]></description>
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<br />Billionaire investor Mark Cuban, owner of the Dallas Mavericks, joins 'CAVUTO Live' to discusses Trump's response to coronavirus. #FoxNews</p>
<p>FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most-watched news channel in the country for 17 consecutive years. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, FOX News is the top-cited outlet. FNC is available in nearly 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre.</p>
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		<title>Trump enacts the Defense Production Act to build more ventilators</title>
		<link>https://cincylink.com/2020/03/27/trump-enacts-the-defense-production-act-to-build-more-ventilators/</link>
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		<pubDate>Fri, 27 Mar 2020 20:50:52 +0000</pubDate>
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					<description><![CDATA[Trump announces that he enacted the Defense Production Act to produce more ventilators with help from General Motors. FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX Broadcasting &#8230;]]></description>
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<br />Trump announces that he enacted the Defense Production Act to produce more ventilators with help from General Motors.</p>
<p>FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most-watched news channel in the country for 17 consecutive years. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, FOX News is the top-cited outlet. FNC is available in nearly 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre.</p>
<p>Subscribe to Fox News!<br />
Watch more Fox News Video:<br />
Watch Fox News Channel Live: </p>
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Special Report with Bret Baier:<br />
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