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GM, LG Energy Joint Venture Ohio Battery Plant Begins Production
A General Motors and LG Energy Solution $2.3 billion joint venture battery production plant in Ohio has begun production.
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Toyota Triples Planned Investment To $3.8 Billion In U.S. Battery Plant
Toyota Motor Corp will boost its planned investment in a new U.S. battery plant from $1.29 billion to $3.8 billion, partly in response to rising consumer demand for electric vehicles, the company said.
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Analysis-Musk's Bold Goal Of Selling 20 Million EVs Could Cost Tesla Billions
Musk has set his young company on an aggressive expansion path like no other auto executive has dreamed.
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Oil Dives Nearly $6 A Barrel On Demand Fears, Iraq Exports
Oil prices fell nearly $6 a barrel, the steepest decline in about a month, on fears that fuel demand could soften as global central banks hike rates to fight surging inflation, and as unrest in Iraq failed to dent the OPEC nation's crude exports.
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Exclusive-Crisis-Hit Sri Lanka Strikes Staff-Level Loan Pact With IMF -Sources
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made, four sources with direct knowledge of the matter said.
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This Decade's Oil Boom Is Moving Offshore - Way Offshore
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Canada's Atlantic coast.
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Oil Prices Climb 1% As U.S. Fuel Inventories Fall
Oil prices recovered slightly as data pointed to firm U.S. fuel demand, providing respite after a 5% drop a day earlier on fears that demand will suffer from increased China COVID curbs and central bank interest rate hikes.
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Musk Looks To Delay Twitter Trial Following Whistleblower Claims
Elon Musk is seeking to delay until November a trial over his intention to back out of a $44 billion deal to buy Twitter Inc and amend his complaint against the social media company, according to court filings, after a whistleblower provided him with fresh ammunition.
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Stellantis Plant In Sochaux Halted Over Chip Shortage
Car production at Stellantis' Sochaux car plant in France will be suspended until Saturday, the company confirmed to Reuters, after a union official cited semiconductor shortages as the reason for the interruption.
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Tesla Likely Must Face California Agency's Race Bias Lawsuit
A California state judge said he would likely deny Tesla Inc's bid to dismiss a lawsuit by the state's civil rights agency accusing the electric car maker of widespread race discrimination at an assembly plant.
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McLaren To Enter India Market Later This Year
British supercar maker McLaren said on Monday it was entering the Indian market, with its first retail outlet set to open in Mumbai later this year.
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Chinese Airline Owner Juneyao Group Plans To Enter Booming EV Market - Sources
Juneyao Group, the parent of Chinese carrier Juneyao Airlines, plans to start making electric vehicles (EV), two people with knowledge of the matter said, as it seeks to diversify from businesses that have been hit hard by COVID.
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India's State-Funded Helmet Promises 'Fresh Air' In Battle On Winter Smog
As India's capital of New Delhi prepares for winter - and the accompanying season of acrid smog - the government is promoting a motorcycle helmet fitted with filters and a fan at the back that it says can remove 80% of pollutants.
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Volkswagen, Mercedes-Benz Team Up With Canada In Battery Materials Push
German carmakers Volkswagen and Mercedes-Benz struck battery materials cooperation agreements with mineral-rich Canada, intensifying efforts to secure access to lithium, nickel and cobalt.
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Oil Rises On Prospect Of OPEC+ Supply Cut
Oil rose more than 1%, extending last week's gain, as potential OPEC+ output cuts and conflict in Libya helped to offset a strong U.S. dollar and a dire outlook for U.S. growth.
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Croatia Detains Five People Suspected Of Cheating Oil And Gas Firm INA
A court in Zagreb has ordered five people to be kept in custody for a month for questioning over a suspected fraudulent trade deal that lost Croatia's oil and gas firm INA 1 billion kuna ($132 million), local media said.
Read More →Oil Money Is Flooding Into Guyana. Who Will Benefit?
"Prepare for a massive influx of government revenue with little expertise on how to handle it," wrote analysts at the U.S. Agency for International Development in a report released earlier this year.
Read More →U.S. Says Had Constructive Talks With India On Russian Oil Price Cap Plan
The United States had constructive talks with Indian officials on a proposal to cap prices of Russian oil, U.S. Deputy Treasury Secretary Wally Adeyemo said on Friday, as it seeks global support for a proposal to cut Russian revenue.
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Former Nigerian Militants Get Contracts To Combat Oil Theft
Nigeria's state oil company has hired a company owned by former militant Tompolo, whose movement's attacks on facilities in the early 2000s crippled oil production, to protect installations and tackle rampant theft, his spokesman said.
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Indian Rupee Eases For Three Straight Weeks As Oil Resurgence Weighs
The Indian rupee eased for the third week running, as pressures from firmer oil prices and the dollar blunted some of the optimism from a report about adding the Asian nation to a coveted emerging-market bond index.
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