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Ford Adds Work Crew At Michigan Plant As It Boosts Output Of EV Pickup
The U.S. automaker said it added 250 jobs in November at its Rouge plant in Dearborn, Michigan, as a result of the additional crew.
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Oil Drops On China Uncertainty; U.S. Demand Limits Decline
Both oil contracts dipped more than 2% early in Thursday's session, but pared losses as the U.S. dollar slipped, with investors on edge about interest rate hikes.
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Elon Musk's Team Seeks New Funding For Twitter - Investor
Twitter has seen advertisers flee amid worries about Musk's approach to policing tweets, hitting revenues and its ability to pay interest on the $13 billion debt that Musk took on to buy the social media company.
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Baidu, Pony.ai Start Driverless Robotaxi Tests In Beijing
Baidu and Pony.ai said they would begin testing 10 driverless vehicles each in a technology park developed by the Beijing government as a step towards commercial robotaxi services in China’s capital.
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Elon Musk Launches Poll Asking If He Should Quit As Twitter CEO
Musk had told a Delaware court last month that he would reduce his time at Twitter and eventually find a new leader to run the company.
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Musk To Step Down As Twitter CEO Once He Finds 'Someone Foolish' Enough As Successor
Musk's $44 billion takeover of Twitter in October has been marked by chaos and controversy, with some investors questioning if he is too distracted to also properly run his electric-vehicle automaker Tesla
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Biden To Visit Taiwanese Chip Manufacturer TSMC's Arizona Plant
TSMC, Asia's most valuable listed company, has said it was building on a site for a potential second plant in Arizona. The company began construction in mid-2021.
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Honda To Begin Selling Mini-Commercial Electric Vans In Spring 2024
Honda's electric van has a target cruising range of 200km (125 miles) and is seeking to set the price at around 1 million yen ($7,270).
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Volkswagen Expects Difficult 2023 For Financial Services Unit
The financial unit is still benefiting from high prices for used cars and lower costs for credit and residual value risks in the current year.
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Volkswagen And Italy's Enel Launch Joint Venture For High-Speed Charging
Volkswagen operates partnerships in Europe with BP and Spain's Iberdrola and is a shareholder in fast-charging venture Ionity with rival carmakers BMW, Mercedes-Benz, Ford and Hyundai.
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Indonesia To Offer $5,000 Subsidy On Electric Car Sales
A subsidy of around 80 million rupiah ($5,131) will be offered on every sale of an electric car, 40 million rupiah on hybrid cars and 8 million rupiah on fully electric motorbikes
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Tesla Plans To Announce Mexico EV Plant Soon - Report
It is unclear what models Tesla would produce in the Mexican factory or when it would begin production
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Faraday Future Targets April For EV Deliveries, Sees Fresh Funding
The Los Angeles-based company said it expects to start production of its FF 91 Futurist electric car at its manufacturing facility at the end of March 2023.
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Musk Tells Tesla Workers Not To Be 'Bothered By Stock Market Craziness'
Musk told employees that they should not be "bothered by stock market craziness" after the company's shares fell nearly 70% this year on jitters over softening demand for electric vehicles and Musk's distraction with running Twitter.
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U.S. FAA Proposes Airworthiness Criteria For Archer Aviation Air Taxi
The Federal Aviation Administration (FAA) issued the airworthiness criteria that Archer Aviation will need to meet for its M001 air taxi to be certified for use.
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Oil Set To End Turbulent 2022 With Second Annual Gain
Oil rose and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand from the world's top crude importer, China.
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Indian Shares Rebound On Slide In Oil Prices, Dec F&O Series Expiry
Indian shares swung to gains in the final hour, on slide in oil prices due to demand concerns in China, while volatility was high in domestic market with the expiration of the December derivatives series.
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Rupee Down As Oil Prices Gain Further, Forward Premiums Fall
The Indian rupee eased slightly as oil prices rose and investors assessed China's move to ease COVID curbs while cases continued to rise in the country.
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Russia's Angarsk Oil Refinery Says Fire Extinguished, Fuel Production Continues
A fire that killed two people at Russia's Angarsk refinery has been extinguished.
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Musk Tells Tesla Workers Not To Be 'Bothered By Stock Market Craziness'
Tesla's plummeting share price has hurt the value of shares owned by the EV maker's employees. Tesla has offered stock compensation for most employees including factory workers.
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