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Amazon shuts online store fabric.com in cost-cutting move

In a note posted on its website, fabric.com said it will no longer sell products and directed customers to shop on Amazon instead. Thursday is the last day customers can place orders on the fabric site. Read More...

Reuters

U.S. boosts EV purchases, but faces supply chain hurdles

The U.S. government has significantly boosted purchases of electric and plug-in hybrid vehicles but faces supply chain hurdles, the White House said, as it looks to meet President Joe Biden’s aggressive zero-emission purchasing goals. Federal agencies quintupled purchases of EVs and PHEVs in the 12-months ending Sept. 30, moving from approximately 1% of vehicle acquisitions in the 2021 budget year to 12% of light-duty purchases in 2022, or 3,567 total, the White House said on Thursday. “But for the supply chain issues that impacted the auto industry’s ability to fulfill all of the Federal Government’s (zero emission vehicles) orders in FY2022, ZEVs would have achieved approximately 20% of acquisitions in 2022,” the White House said.

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