News
Ford first-quarter US auto sales fall as affordability concerns weigh on demand
4+ hour, 45+ min ago (265+ words) April 2 (Reuters) " Ford Motor reported a near 9% drop in first-quarter U.S. sales on Thursday, as persistent affordability pressures prompt consumers "to rethink big-ticket purchases. Higher financing costs, elevated "sticker prices and the expiry of federal tax credits for electric vehicles have…...
Australia’s Syrah, Tesla extend deadline to resolve alleged default in graphite supply deal
2+ week, 3+ day ago (250+ words) March 16 (Reuters) " Australian graphite miner Syrah Resources said on Monday it agreed with Tesla to extend for a fourth timea "deadline to resolve an alleged default under "their graphite supply agreement to June 1. Tesla had previously issued a notice alleging…...
European freight truck makers brace for wave of low-cost Chinese rivals
3+ week, 2+ day ago (1014+ words) ANTWERP/SODERTALJE, Sweden, March 10 (Reuters) " Chinese electric freight trucks are rolling into Europe at pace this year, following the trail blazed by Chinese EVs and threatening to upend the market with better technology and lower prices. Reuters has identified more…...
Hyundai Motor to unveil multi-billion-dollar investment in South Korea, source says
1+ mon, 5+ day ago (268+ words) SEOUL, Feb 25 (Reuters) " Hyundai Motor Group plans to unveil a multi-billion-dollar investment in South Korea's west coast, a source with direct "knowledge of the matter said on Wednesday, as "the auto group expands into artificial intelligence for autonomous driving and…...
Rio Tinto takes majority control of Canada’s Nemaska Lithium
1+ mon, 1+ week ago (221+ words) Feb 18 (Reuters) " Rio Tinto said on Wednesday it has gained majority control of Canada's Nemaska Lithium, advancing its push "to build an integrated lithium business "in Quebec. The Anglo-Australian miner now holds a 53.9% stake in the lithium producer and will…...
Two co-founders of Elon Musk’s xAI resign, joining exodus
1+ mon, 2+ week ago (189+ words) Feb 10 (Reuters) " xAI co-founders Tony Wu and Jimmy Ba have resigned from the artificial intelligence firm "they started with billionaire Elon "Musk less than three years ago, they said in social media posts. The exits are the latest in an…...
US proposes boosting ‘Buy America’ requirements for government-funded EV charging stations
1+ mon, 2+ week ago (154+ words) WASHINGTON, Feb 10 (Reuters) - The'U.S. Transportation Department said Tuesday "it is proposing to boost American-content in federally funded electric vehicle "charging stations "from 55% to up to 100%, which could pose significant hurdles to "use of t... US proposes boosting "Buy America" requirements for…...
Tesla executives say hiring is ramping up to support Musk’s expanded solar strategy
1+ mon, 3+ week ago (737+ words) Feb 6 (Reuters) " Tesla is hiring to support founder Elon Musk's recently announced plan to become what would be the biggest U.S. manufacturer of solar energy components, according to online posts by senior executives at the company. The posts show the company…...
US hosts countries for talks to weaken China’s grip on critical minerals
1+ mon, 3+ week ago (792+ words) By Michael Martina and Simon Lewis WASHINGTON, Feb 4 (Reuters) " The United States will host more than 50 countries on Wednesday for talks aimed at boosting their access to critical minerals, in a bid to loosen China's grip over vital industrial inputs…...
Ford held talks with China’s Xiaomi over EV partnership, FT reports
2+ mon, 1+ day ago (254+ words) Jan 31 (Reuters) " Ford has held talks with electric-vehicle maker Xiaomi about forming a joint venture to manufacture EVs in the U.S., the "Financial Times reported on Saturday, citing people familiar with the matter. A Ford spokesperson denied the FT report, calling…...