Calling it the end of an era in automotive history, car maker says it plans to refocus the brand on electric vehicles.
CAIRO - The Central Bank of Egypt (CBE) will hike its overnight deposit rate by 50 basis points (bps) on Thursday as it works to keep inflation in check, a Reuters poll forecast. The median...
- U.S. single-family homebuilders' confidence and New York state factory activity fell in August to their lowest levels since near the start of the COVID pandemic, a further sign the economy is...
FRANKFURT -Volkswagen AG and Mahindra and Mahindra on Monday expanded their cooperation and signed a term sheet under which the German carmaker will supply electric components to its Indian...
The luxury electric car maker has a lot of work to do if it plans to become an industry leader in the years to follow.
Carmaker borrows €500mn, a rare case of raising funds at a time when deals have dried up far beyond the summer norm
SHANGHAI - China's top internet watchdog said on Friday tech giants such as Tencent Holdings (OTC:TCEHY) and Alibaba (NYSE:BABA) Group have submitted details of algorithms used in some of their...
By Andy Sullivan and Rose Horowitch - In West Virginia, a solar field could soon rise atop an abandoned coal mine, and factories will soon be churning out batteries and electric school buses. The...
By Sam Nussey TOKYO - SoftBank Group Corp's decision to sell down its Alibaba (NYSE:BABA) Group Holding stake for a $34 billion gain may be aimed at shoring up cash reserves, but it also...
BERLIN - Mercedes Benz said the new CATL battery plant in Hungary marked the next milestone towards the German carmaker's goal of reaching battery production capacity of more than 200 gigawatt...
FRANKFURT - Germany's financial watchdog BaFin has called on Allianz (ETR:ALVG) to improve its internal controls following fraud at its U.S. funds unit, WirtschaftsWoche reported on Friday. The...
SHANGHAI - Several Chinese state-owned companies including China Life Insurance and Aluminum Corporation of China announced plans on Friday to voluntarily delist from the U.S. stock market. The...
One person is dead and one is in custody after a fight at GM's Orion plant. Officials said deputies were called to the factory at about 1:40 a.m. There is no threat to the larger community,...
Tesla CEO has sold $7bn worth of shares in the carmaker in case he loses his bid to walk away from the $44bn takeover Elon Musk did not become the world’s wealthiest person through a lack of...
Latham, N.Y.-based Plug Power supplies hydrogen fuel cells mainly for forklifts in large warehouses. Its fuel cells replace conventional batteries in equipment and vehicles powered by electricity....
By Senad Karaahmetovic Shares of The Trade Desk are up more than 17% in premarket trading after the advertising technology company delivered very strong second-quarter results. The Trade Desk...
-Wendy's Co missed Wall Street estimates for quarterly U.S. same-store sales growth on Wednesday, as Americans reined in their spending at fast-food restaurants in the face of higher prices of...
By Jan Schwartz HAMBURG - Volkswagen (ETR:VOWG_p)'s incoming CEO Oliver Blume plans to shrink the size of the German carmaker's management board, two people familiar with the matter said, aiming...
Volkswagen's incoming CEO Oliver Blume plans to shrink the size of the German carmaker's management board, two people familiar with the matter said, aiming to sharpen its focus after a turbulent...
By Senad Karaahmetovic Elon Musk sold $6.9 billion worth of Tesla shares, which he says he could potentially use if the court forces him to complete the $44 billion Twitter (NYSE:TWTR)...
Elon Musk Quietly Dumps A Massive $6.9 Billion In Tesla Shares Remember way back in April 2013 when Elon Musk vowed at the Tesla annual shareholders meeting that "just as my money was...
Investment research firm New Constructs has added Rivian to its list of “zombie” companies, citing cash as a potential problem for the car maker
MEXICO CITY - Mexican President Andres Manuel Lopez Obrador said on Tuesday that the chief executive of German diversified group Bayer (OTC:BAYRY) Werner Baumann said the firm is interested in...
- Ford Motor (NYSE:F) Co said on Tuesday it would raise the prices of its electric F-150 Lightning pickup as the U.S. carmaker deals with surging raw material costs. The automaker said prices for...
Ford Motor Co said on Tuesday it would raise the prices of its electric F-150 Lightning pickup as the U.S. carmaker deals with surging raw material costs.
Professional test driver using Tesla’s Full Self-Driving mode repeatedly hit a child-sized mannequin in its pathA safe-technology advocacy group issued claimed on Tuesday that Tesla’s full...
The carmaker sold 28,217 Chinese-made vehicles in July – nearly two-thirds less than its sales in June – while its factory in Shanghai was being upgraded to boost its output The post Tesla Factory...
By David Shepardson WASHINGTON - The heads of chipmakers GlobalFoundries and Applied Materials (NASDAQ:AMAT) and carmakers Ford Motor (NYSE:F) and General Motors Co (NYSE:GM) were to meet at a...
By Daina Beth Solomon MEXICO CITY - A Mexican unit of carmaker Stellantis expects to resolve a complaint from Washington in several days, it said after it agreed to recognize an independent...
