News
America's RV industry feels the chill of war and high gas prices
4+ hour, 16+ min ago (648+ words) June 15 (Reuters) " Coley Brady in late March cut production from five days a week to four on most of the assembly lines at his sprawling complex of five recreational vehicle factories in Elkhart, Indiana, after it became apparent spring sales…...
Exclusive-GM may ditch LFP batteries for future EVs
4+ day, 21+ hour ago (481+ words) By Abhirup Roy and Kalea Hall SAN FRANCISCO, June 10 (Reuters) " General Motors may scrap plans to use a lower-cost, iron-based battery chemistry that many automakers are using to cut electric-vehicle costs, GM's head of battery technology said. The Detroit automaker…...
GM to offer EV owners ability to sell power to US electricity grid
5+ day, 18+ hour ago (298+ words) By Abhirup Roy and Kalea Hall SAN FRANCISCO, June 9 (Reuters) " General Motors is releasing a software update that allows some U. S. electric-vehicle owners to pipe power "back to the electric grid, another example of "car companies pursuing business opportunities in the…...
Analysis-Space X's lofty valuation set to put "Elon premium' to test
6+ day, 2+ hour ago (845+ words) By Niket Nishant and Johann M Cherian June 9 (Reuters) " Space X's landmark listing this week is set to test the "Elon premium" that has made Tesla one of the most highly valued U. S. companies and a must-have among retail investors. The…...
Australia, Canada, Japan trade bodies fret over being left out in made-in-Europe drive
1+ week, 1+ hour ago (317+ words) BRUSSELS, June 8 (Reuters) " Europe's push to cut its reliance on U. S. Big Tech with EU-made technologies and chips could shut out other non-EU players "from the European market, trade bodies representing tech "companies in Australia, Canada and Japan warned on Monday....
Five ways Elon Musk's Space X upended Wall Street's IPO playbook
1+ week, 6+ hour ago (745+ words) June 8 (Reuters) " Elon Musk is bringing his pioneering business style to the IPO world this week when his rocket and satellite maker Space X goes public, in ways that no other company has. Here is how Space X is breaking…...
Alphabet to raise $84. 75 billion in upsized equity offering to fund AI ambitions
1+ week, 5+ day ago (262+ words) June 3 (Reuters) " Alphabet has increased the size of its equity offerings to $84. 75 billion, in a sign of strong investor appetite for "big tech companies as they expand "their AI infrastructure and computing power. On Monday, the Google parent said it…...
India's Tata taps China's Chery for premium EV push, sources say
1+ week, 5+ day ago (734+ words) NEW DELHI, June 3 (Reuters) " Tata Motors plans to license an automaking platform from China's Chery, four people familiar with the matter told Reuters, as the Indian car company seeks to get its delayed premium EVs back on track. Tata told…...
Tesla May registrations jump in several European markets as recovery continues
1+ week, 6+ day ago (387+ words) By Amir Orusov and Mathias de Rozario June 1 (Reuters) " New registrations of Tesla cars rose across several European markets in May, continuing a recovery in the U. S. electric vehicle maker's European sales. Tesla registrations, a "proxy for sales, increased year over…...
North Carolina sues Vietnam's Vin Fast over delayed EV project
3+ week, 3+ day ago (341+ words) HANOI, May 22 (Reuters) " The State of North Carolina has sued Vietnamese EV maker Vin Fast for its alleged failure to meet its commitments to build an electric vehicle and battery "factory in the state, Attorney General Jeff Jackson said "in…...