Dodge is discontinuing muscle cars Charger and Challenger

Calling it the end of an era in automotive history, car maker says it plans to refocus the brand on electric vehicles.

Egypt's central bank seen hiking rates to dampen price rises

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. home builder sentiment, New York state factory activity drop

- 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...

Volkswagen, Mahindra deepen electric vehicle component cooperation

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...

Is Lucid Group a Buy Today While It's Down 55%?

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.

Volvo dips in to Europe’s ‘seized up’ bond markets

Carmaker borrows €500mn, a rare case of raising funds at a time when deals have dried up far beyond the summer norm

China regulator says Alibaba, Tencent have submitted app algorithm details

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...

In the heart of coal country, U.S. climate bill could push up green shoots

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...

With Alibaba stake cut, SoftBank's Son cools toward China tech

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...

Mercedes Benz: CATL battery plant in Hungary will help reach production goals

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...

Germany's BaFin calls on Allianz to improve controls

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...

Several Chinese state-owned companies to delist from NYSE

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...

1 dead, 1 in custody after fight between workers at GM's Orion plant

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,...

1 dead, 1 in custody after fight between workers at GM's Orion plant

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,...

Elon Musk’s Twitter lawsuit: what you need to know

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...

Climate Spending Bill Passes; Is PLUG Stock A Buy After Earnings Miss?

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....

Trade Desk Surges on Strong Results and Outlook, Analyst Praises 'Exceptional' Execution

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 misses U.S. same-store sales growth estimates due to inflation

-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...

Exclusive: Volkswagen's new CEO plans to shrink management board

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...

Exclusive: Volkswagen's new CEO plans to shrink management board

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...

Twitter Saga Forces Musk to Sell $6.9 Billion of Tesla Shares, Says He's Done Selling

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

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...

Rivian: ‘Zombie’ company or charging down a path to EV success?

Investment research firm New Constructs has added Rivian to its list of “zombie” companies, citing cash as a potential problem for the car maker

Mexican President says Bayer interested in continuing to invest in country

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 raises prices of electric F-150 pickup amid high commodity costs

- 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 raises prices of electric F-150 pickup amid high commodity costs

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.

Tesla’s self-driving technology fails to detect children in the road, tests find

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...

Tesla Factory Upgrade Slashes Output of Chinese-Made EVs

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...

Chip and carmaker CEOs meet ahead of Biden signing

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...

Exclusive-Stellantis Mexico unit okays independent union; U.S. trade probe to end

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...

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