Auto Industry

Reuters

Jul 28, 2022, 11:34 PM

Ford, SK On Finalize U.S. EV Battery Joint Venture

The JV, BlueOval SK LLC, will establish a battery plant for electric vehicles (EV) in Tennessee and two other facilities in Kentucky, the U.S. automaker said in a regulatory filing.

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  Reuters | Jul 28, 2022

  GM Signs Agreements With Suppliers, On Course To Reach 1 Million EV Capacity By 2025

  General Motors Co said on Tuesday it had signed multi-year agreements with LG Chem Ltd and Livent Corp to secure key raw materials used in manufacturing batteries for electric vehicles.

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  Reuters | Jul 28, 2022

  Jaguar Land Rover Names Bergmeier As Industrial Operations Chief

  British carmaker Jaguar Land Rover (JLR) said on Friday it had hired former BMW executive Barbara Bergmeier for a newly-created role overseeing supply chains and industrial operations, at a time when the industry faces persistent supply shortages.

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  Reuters | Jul 28, 2022

  Polestar EV Sales Surge In First Half, On Track For Full-Year Target

  Sales at the Swedish EV maker rose almost 125% to about 21,000 cars in the first six months of the year

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  Reuters | Jul 28, 2022

  Rivian To Address Layoffs At Friday Meeting, Tesla To Cut 229 Jobs

  Electric truck maker Rivian Automotive will brief employees on Friday on potential layoffs and plans to suspend some programs as part of a broader restructuring, Chief Executive R.J. Scaringe said in an email sent to employees on Monday evening.

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  Reuters | Jul 28, 2022

  Twitter Gets Fast-Tracked Elon Musk Trial Over $44 Billion Deal

  Twitter Inc will get an October trial in its legal fight to hold Elon Musk to his $44 billion takeover, after a Delaware judge said on Tuesday the social media company deserved a quick resolution of the deal's uncertainty.

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  Reuters | Jul 28, 2022

  Musk Says Tesla Could Lower Car Prices If Inflation Slows

  Tesla Inc Chief Executive Officer Elon Musk said the electric automaker could lower prices for cars if inflation calms down.

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  Reuters | Jul 28, 2022

  Brent Crude Settles Below $100/bbl On Higher Dollar, Weak Demand Outlook

  Global benchmark Brent crude tumbled $7 on Tuesday to settle below $100 a barrel for the first time in three months on a strengthening dollar, COVID-19 curbs in top crude importer China, and rising fears of a global economic slowdown.

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  Reuters | Jul 28, 2022

  Oil Settles Up Nearly $4 As Tight Supply Outweighs Recession Fears

  Oil prices settled sharply higher on Thursday, rebounding from steep losses the previous two sessions, as investors returned their focus to tight supply despite nagging fears of a potential global recession.

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