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Foxconn To Become Biggest Shareholder In Lordstown Motors With Up To $170 Million Investment
Lordstown Motors Corp has agreed a deal under which a Foxconn affiliate will invest up to $170 million in the EV maker.
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Uber-Rival Beat Withdraws From Latin America
Ride-sharing app Beat is withdrawing from Latin America to focus on its European operations.
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Bosch CEO Sees Inflation Weighing On Margins But Could Ease Chip Shortage
Bosch sees a possible easing of the global chip shortage in the second half of 2023 if demand dips under the weight of inflation.
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Tesla Has Considered Exporting EVs From Shanghai To US, Canada - Report
Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada.
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Redwood Materials To Supply Cathode Material To Panasonic U.S. Battery Plant
Panasonic will buy remanufactured battery cathode material from Redwood Materials beginning in 2025.
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Mercedes Cuts Some China Electric Car Prices, Shaking Shares
Mercedes-Benz had cut prices on some of its EQE and EQS models in China due to changing market demand for top-end electric vehicles.
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Musk's All-Nighters At Twitter Raise Concern For Tesla Investors
Elon Musk was working through the night and sleeping at Tesla Inc's factories in California and Nevada as the company struggled to ramp up production of the Model 3.
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Indian Minister Urges OPEC+ To Consider Impact On Consumers At Dec Meeting
India's oil minister urged the OPEC+ alliance of oil producers to bear in mind the impact of their upcoming decision.
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Haiti Police End Gang Blockade Of Fuel Terminal, Sources Say
Haitian police have taken control of a fuel terminal that had been blockaded by armed gangs since September.
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Rupee Posts Tenth Monthly Decline On Weak Asian Peers, Oil Price Worries
The Indian rupee chalked up its tenth straight monthly fall after slipping versus the dollar, on concerns over oil prices and in line with losses in most other Asian currencies.
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India State Retailers To Marginally Cut Petrol, Diesel Prices From Tuesday
India's top fuel retailer Indian Oil Corp will marginally cut petrol and diesel prices from Tuesday.
Read More →Oil Falls On U.S. Output Gains, Chinese Demand Doubts
Oil prices fell on expectations that U.S. production could rise and as weaker economic data out of China and the country's widening COVID-19 curbs weighed on demand.
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Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo Reports
Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.
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VW's SEAT Says Spain's Subsidy For Battery Plant, EV Production 'Not Sufficient'
The chief of Volkswagen's Spanish unit SEAT said the subsidies offered by Spanish authorities for a battery factory construction and electric vehicle production "is not sufficient", but voiced optimism about finding a solution.
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Stellantis To Refocus China Strategy With Jeep, Maserati Brands
Stellantis sees its future as a niche player in China through its premium brand Jeep and luxury brand Maserati, its chief financial officer said.
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Lyft To Lay Off 683 Employees In Cost-Cutting Push
Lyft Inc said it would lay off 13% of its workforce, or about 683 employees, in the ride-hailing firm's latest cost-cutting step to cope with a weakening economy.
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AI Chip Startup SiMa.ai Launches Auto Business With Former Bosch, Mercedes Executive
SiMa.ai said it is entering the automotive industry and has recruited Harald Kroeger, a former executive at top tier auto supplier Bosch and Mercedes Benz, to lead that business.
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Delhi Wrestles With 'Hazardous' Air Pollution, Primary Schools Shut
Authorities in New Delhi ordered primary schools to shut from Saturday, and told schools to stop outdoor activities for older children as air in the world's most polluted capital had become a severe risk to health.
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Tesla To Start Mass Production Of The Cybertruck At The End Of 2023
Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck.
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Vedanta Expects Revenue To Jump To $50 Billion In Two Years' Time - Report
Vedanta Ltd expects annual revenue of $50 billion in the next two to three years, roughly double projected revenues for fiscal year 2023.
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