About Reuters
Articles of Reuters
With Oil Past Peak, Shell Vows To Eliminate Carbon By 2050
Shell outlined plans focused on rapid growth of its low-carbon businesses, including biofuels and hydrogen, although spending will stay tilted towards oil and gas in the near future.
Read More →
Toyota Hikes Profit Forecast 54%, Shrugs Off Global Chip Supply Issues
The automobile industry has been grappling with a chip shortage since the end of last year, which has in some cases been exacerbated by the former U.S. administration's sanctions on Chinese chip factories.
Read More →
Uber Reduces Losses On Food Delivery Expansion, Modest Uptick In Ride Bookings
The company in December sold its self-driving Advanced Technologies Group (ATG) in a $4 billion equity deal at a steep drop in valuation. Khosrowshahi at the time said the deal would accelerate Uber's profitability goal.
Read More →
GM CEO Says Chip Shortage Could Hit Profits By $2 Billion, But Trucks Won't Be Hurt
GM expects the chip shortage to trim $1.5 billion to $2 billion from its 2021 operating profit, or up to about 90 cents a share.
Read More →
Daimler Recalls 1.29 Million U.S. Vehicles For Software Issue
Mercedes-Benz in Europe in October 2019 launched an investigation based on a report from the Mercedes-Benz eCall center of a single instance in the European market.
Read More →
Umicore Eyes 2021 Profit Boost From Electric Vehicles
Chief Executive Marc Grynberg told analysts Umicore was well positioned to benefit from Europe's electric vehicle push.
Read More →
Volkswagen 'Unintended Victim' In Battery Supplier Dispute, Seeks Four-Year Reprieve
VW said Friday it will request its carve out be "extended to at least four years to give an adequate transition period.
Read More →
Tesla Must Recall 12,300 Model X Cars Over Faulty Moulding - KBA
KBA said the recall affects cars built in 2015 and 2016, adding there was a risk that the moulding could fall off the vehicle.
Read More →
Profits Aside, GM's EV Plans Are Driving A Now-Rising Stock
Investors now see GM's sum-of-the-parts business adding up to a much larger number, Barclays analyst Brian Johnson said.
Read More →
Mahindra Expects Global Business Losses To Shrink With Ssangyong Exit
As part of a wider review to retain only those businesses with the potential to make money, Mahindra has been in talks to sell its stake in Ssangyong. It also ended its joint venture with Ford Motor Co and cut more than half of its North American workforce.
Read More →Shell's Profit Slumps In 2020 As The pandemic Bites
Shell's annual profit slumped 71% to $4.8 billion as its oil and gas production and profits from refining crude into fuels dropped sharply.
Read More →
Taiwan Says U.S. Thanks It For Help On Auto Chips Amid Shortage
Car factories around the world are shutting assembly lines because of the chip shortages, which in some cases have been exacerbated by the former Trump administration's actions against Chinese chip companies.
Read More →
New Toyota Tech Unit Promises World's Safest Drive
Led by ex-Google roboticist James Kuffner, Woven Planet also says it has the advantage of scale in collecting data through the tens of millions of Toyota cars on the road worldwide.
Read More →
Tata Motors Worried By Chip Shortage, Brexit Breakdowns
Tata Motors said it saved 400 million pounds in the December quarter at JLR and is on track to achieve a full-year target of 2.5 billion pounds.
Read More →
Lithium Price Bust Turns To Boom As Electric Vehicle Sales Soar
The rally could herald the end of a three-year downturn on the lithium market, where oversupply sent prices plunging and stymied investment in new projects.
Read More →
Toyota Beats Volkswagen To Become World's No.1 Car-Seller In 2020
Japan's Toyota Motor Corp overtook Germany's Volkswagen in vehicle sales last year, regaining pole position as the world's top selling automaker for the first time in five years as the pandemic demand slump hit its German rival harder.
Read More →
Germany Urges Taiwan To Help Ease Auto Chip Shortage
Automakers around the world are shutting assembly lines due to problems in the delivery of semiconductors.
Read More →
Nissan To Source More UK Batteries As Part Of Brexit Deal 'Opportunity'
Nissan opened what is now Britain's biggest car plant in 1986 and made nearly 350,000 vehicles there in 2019.
Read More →
EV Charging Network EVgo To Go Public Via $2.6 Billion SPAC Deal
Around 53 SPACs have raised nearly $15 billion so far this year, nearly one-fifth of the total amount raised by SPACs in 2020, according to data from SPAC Research.
Read More →Turning Coronavirus Corner, Volkswagen's Profit Falls Less Than Feared
Volkswagen's shares hit their highest in 11 months after Friday's earnings release. They were up 2.7% at 166.4 euros in early afternoon trading.
Read More →
