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Stellantis, GME Resources Seal Nickel And Cobalt Deal For Battery Production
Stellantis signed a non-binding preliminary agreement with GME Resources to secure supplies of nickel and cobalt sulphate used in its EV batteries
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Citroën Invents Cardboard Car For Resourceless World
Citroën has built a new concept car designed in anticipation of a resourceless world, using cardboard instead of steel for those parts. This is no ordinary cardboard, but a specialised honeycomb format reinforced with plastic coating on each side that is strong enough to be stood on without buckling.
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Betting On Flexibility, China's Nio Will Only Rent Cars In New EU Markets
Nio will only lease its cars when it launches in four European markets this year.
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Wall Street Dives, Oil Surges As Investors Prepare For More Rate Hikes
U.S. stocks tumbled after a stronger-than-expected jobs report locked in expectations that the Federal Reserve is sticking with a steady diet of rate hikes, while supply cuts continued to boost oil prices.
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Bangalore, India's IT Hub, Directs Uber, Others To Stop Three-Wheeler Services
Karnataka has asked cab aggregators Uber, SoftBank-backed Ola and Rapido to stop three-wheeler services in Bengaluru.
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Explainer - How Will Elon Musk Pay For Twitter?
Musk bought himself some time, after a judge accepted the billionaire's request to halt a Twitter lawsuit to allow him to close his proposed $44 billion buyout of the social media company.
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Putin Orders Seizure Of Exxon-Led Sakhalin 1 Oil And Gas Project
Putin signed a decree that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia's Far East.
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Kremlin Welcomes Elon Musk Proposal For Ukraine Settlement Denounced By Kyiv
The Kremlin praised Tesla boss Elon Musk for suggesting a possible peace deal to end the war in Ukraine.
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Tesla's Logistical Challenges Overshadow Record Deliveries
Tesla Inc on Sunday announced lower-than-expected electric vehicle deliveries in the third quarter, as logistical challenges overshadowed its record deliveries.
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Tesla's Robot Waves But Can't Walk, Yet; Musk Plans To Make Millions Of Them
Musk showed off a prototype of its humanoid robot 'Optimus', predicting the electric vehicle maker would be able to produce millions.
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Biden Says U.S. Willing To Continue Talks With S.Korea On EV Subsidy
President Joe Biden has expressed willingness to continue talks with South Korea over recent U.S. legislation that denies subsidies to most foreign makers of electric vehicles.
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Tesla Will Remove More Vehicle Sensors Amid Autopilot Scrutiny
Tesla Inc said it will remove ultrasonic sensors from its vehicles starting this month.
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Indian Refiners Scout For Oil Deals Ahead Of EU Ban On Russian Crude
Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on Russia.
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Foxconn Shares Rise After Offering Cautiously Optimistic Q4 Outlook
Foxconn's shares rose 3% after the company said it was "cautiously optimistic" about its fourth-quarter revenue outlook.
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Stellantis Boss Expects Chip Supply To Remain 'Complicated' Until End 2023
Tavares expects the semiconductor supply chain to remain tight until the end of next year.
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Oil Prices Inch Lower Ahead Of OPEC+ Talks On Supply Cut
Oil prices moderated very slightly after gaining more than 3% in the previous session ahead of a meeting of OPEC+ producers to discuss a big cut in crude output.
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Intel's Mobileye files for listing in first sign of thawing tech IPO market
Mobileye, which confidentially filed for its IPO earlier this year, reported first-half revenue of $854 million, a 21% jump from the year-ago period, according to its IPO filing. In 2021, Mobileye posted $1.4 billion of revenue.
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Oil Set For Weekly Gain As OPEC+ Considers Output Cut
Brent crude futures for November, which expire on Friday, rose by 95 cents, or 1.07%, to $89.44 a barrel by 0948 GMT. The more active December contract was up 81 cents at $87.99.
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Oil Rises 2% From Multi-Month Lows On U.S. Gulf Output Cuts, Supply Outlook
Oil prices rose over 2% from nine-month lows a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and an easing in the U.S. dollar from its strongest level in two decades.
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Energy Crisis Sires New European Order: A Strong Italy And Ailing Germany
State-controlled Eni and Italy were able to leverage existing supply relationships with those nations to secure extra gas to replace a large part of the volumes it received from its top supplier Russia.
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