News
Australia and US boost support for critical minerals with $3. 5 billion
4+ hour, 27+ min ago (325+ words) SYDNEY, April 12 (Reuters) " Australia and the U. S. have committed more than A$5 billion ($3. 5 billion) to back a range of critical mineral projects, nearly double the amount pledged when the two countries struck a co-operation agreement "six months ago, Canberra said on…...
China's Chery looking to expand car production in Europe, top executives say
6+ hour, 22+ min ago (395+ words) PARIS, April 12 (Reuters) " Chery is looking to expand car production in Europe through partnerships with other automakers allowing it to use existing factories, top executives at the Chinese carmaker said at an event "in Paris. "The company is looking for…...
FERC approves Next Decade's request for more workers and longer hours at Texas site
2+ day, 24+ min ago (269+ words) HOUSTON, April 10 (Reuters) " U. S. federal regulators on Friday approved a request by Next Decade to increase the peak number of construction workers at "its Rio Grande LNG project in Texas, according "to a regulatory filing. Next Decade told regulators that global…...
Space X begins installing equipment at Texas facility, eyes year-end production, sources say
2+ day, 9+ hour ago (241+ words) TAIPEI, April 10 (Reuters) " Space X has begun installing equipment at its advanced chip packaging facility in Bastrop, Texas, as "the satellite and rocket company aims to "begin production there by the end of this year, two sources familiar with the…...
VW to stop making its top electric vehicle in the US
3+ day, 55+ min ago (130+ words) By Kalea Hall DETROIT, April 9 (Reuters) - Volkswagen said on Thursday it will end production of "the ID. 4 electric SUV out "of its Tennessee plant this month, citing a challenging time for the U. S. electric vehicle market. Automakers have scaled "back. .. VW to…...
USA Rare Earth considers building French magnet plant
3+ day, 2+ hour ago (374+ words) LONDON, April 9 (Reuters) " USA Rare Earth is considering building a permanent magnet plant in France, its CEO said on Thursday, after agreeing to pay 40 million euros ($47 million) for "a stake in French rare earth processing firm Carester. The United States…...
EV maker Polestar's quarterly sales rise as Europe momentum continues
3+ day, 5+ hour ago (268+ words) April 9 (Reuters) " Sweden's Polestar reported a 7% rise in first-quarter sales volume on Thursday, as the EV maker benefitted from its Europe-focused "strategy to drive demand amid tariff-driven uncertainty "and high costs. The company's first-quarter sales rose to 13, 126 vehicles, compared with…...
Mercedes Q1 sales down in tough "transition year" for China business
3+ day, 7+ hour ago (242+ words) BERLIN, April 9 (Reuters) " Mercedes-Benz reported a sales slump at the start of 2026 as the tough Chinese market continued to "pressure the German premium carmaker during "an overhaul of its model lineup to regain lost ground. First-quarter sales in the company's…...
China's car sales extend declines in March
3+ day, 8+ hour ago (141+ words) (Corrects gasoline car sales relative to EV sales to outsold by "the latter in paragraph "4) BEIJING, April 9 (Reuters) " China's car sales fell for a sixth straight month in March, as "rising "fuel prices "hit demand for "gasoline models while electric…...
Analysis-How the math works on a $1. 75 trillion Space X valuation
3+ day, 11+ hour ago (844+ words) By Medha Singh, Echo Wang and Noel Randewich April 8 (Reuters) " Elon Musk's Space X is seeking a $1. 75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that? Going by common Wall Street metrics, the answer…...