News
Musk’s AI Funding Hunt Reshapes His Empire, From Tesla to SpaceX
3+ hour, 22+ min ago (198+ words) Musk's AI Funding Hunt Reshapes His Empire, From Tesla to SpaceX'Bloomberg Law News During his surprise appearance at the World Economic Forum in Davos, Elon Musk mused about reversing aging, enlisting humanoid robots to look after kids and launching solar-powered…...
Mercedes CEO Rebuffed Lutnick’s Pitch to Move Headquarters to US
2+ day, 15+ hour ago (142+ words) Mercedes CEO Rebuffed Lutnick's Pitch to Move Headquarters to US'Bloomberg Law News Mercedes-Benz Group AG's chief executive officer turned down a Trump cabinet secretary's attempt to lure the manufacturer's headquarters to the US from Germany, where its roots date back…...
IRS Offers a Safe Harbor for Carbon Capture Tax Credit Claims
1+ mon, 1+ week ago (103+ words) Treasury Department and IRS on Friday released guidance that makes it easier for taxpayers claiming the carbon capture tax credit. Treasury Department and IRS on Friday released guidance that makes it easier for taxpayers claiming the carbon capture tax credit....
GM’s Barra Tests Anderson for CEO Job With Car-Tech Mission (1)
1+ mon, 1+ week ago (147+ words) Sterling Anderson, the executive leading General Motors Co.s technology push, is emerging as a candidate to eventually succeed Chief Executive Officer Mary Barra when the 63-year-old retires from the storied automaker. Sterling Anderson, the executive leading General Motors Co....
Ford Scraps $6.5 Billion EV Battery Contract With Korea’s LG (1)
1+ mon, 2+ week ago (100+ words) Ford Motor Co. canceled a 9.6 trillion won ($6.5 billion) battery agreement with LG Energy Solution Ltd. after the US automaker rolled back its electric vehicle ambitions. Ford Motor Co. canceled a 9.6 trillion won ($6.5 billion) battery agreement with LG Energy Solution Ltd....
EU to Abandon Combustion Engine Ban in Win for Carmakers (3)
1+ mon, 2+ week ago (138+ words) The European Union is set to propose softening emissions rules for new cars, scrapping an effective ban on combustion engines following months of pressure from the automotive industry. The European Union is set to propose softening emissions rules for new…...
Ford to Take $19.5 Billion in Charges Tied to Sweeping EV Unwind
1+ mon, 2+ week ago (224+ words) Ford Motor Co. announced a sweeping overhaul of its electric vehicle business after struggling for years to make it profitable. Ford Motor Co. announced a sweeping overhaul of its electric vehicle business after struggling for years to make it profitable....
Tesla Shares Headed for Record for First Time in a Year
1+ mon, 2+ week ago (89+ words) Tesla Inc. shares extended a rally climbing as much as 4.9% Monday and are on pace to close at an all-time high for the first time since December 2024, defying growing concerns about the company's soaring valuation. Tesla Inc. shares extended a…...
Trump to Ease Mileage Rules in Bid to Curb Rising Car Prices (1)
1+ mon, 4+ week ago (608+ words) The Trump administration is poised to unveil new fuel efficiency standards in a bid to undo requirements it has assailed for driving up the cost of new cars, according to people familiar with the matter. Antonio Filosa, the chief executive…...
Musk’s xAI to Build 500 Megawatt Data Center in Saudi Arabia
2+ mon, 1+ week ago (149+ words) Elon Musk said his xAI artificial intelligence startup plans to develop a 500 megawatt data center in Saudi Arabia with the kingdom's state-backed AI venture Humain that will rely on chips from Nvidia Corp. Elon Musk said his xAI artificial intelligence…...