Auto Industry
Reuters
Jul 28, 2022, 11:40 PM
The United States could still secure a commitment that OPEC will boost production in the months ahead in hopes that it will provide a signal to the market that supplies are coming if necessary.
3 Min
Reuters | Jul 28, 2022Ford, SK On Finalize U.S. EV Battery Joint VentureThe 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.1 min read
Reuters | Jul 28, 2022GM Signs Agreements With Suppliers, On Course To Reach 1 Million EV Capacity By 2025General 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.1 min read
Reuters | Jul 28, 2022Jaguar Land Rover Names Bergmeier As Industrial Operations ChiefBritish 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.1 min read
Reuters | Jul 28, 2022Polestar EV Sales Surge In First Half, On Track For Full-Year TargetSales at the Swedish EV maker rose almost 125% to about 21,000 cars in the first six months of the year1 min read
Reuters | Jul 28, 2022Rivian To Address Layoffs At Friday Meeting, Tesla To Cut 229 JobsElectric 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.1 min read
Reuters | Jul 28, 2022Twitter Gets Fast-Tracked Elon Musk Trial Over $44 Billion DealTwitter 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.2 mins read
Reuters | Jul 28, 2022Musk Says Tesla Could Lower Car Prices If Inflation SlowsTesla Inc Chief Executive Officer Elon Musk said the electric automaker could lower prices for cars if inflation calms down.1 min read
Reuters | Jul 28, 2022Brent Crude Settles Below $100/bbl On Higher Dollar, Weak Demand OutlookGlobal 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.3 mins read
