News
Uber, Waymo end robotaxi partnership in Phoenix
1+ hour, 56+ min ago (190+ words) June 29 (Reuters) " Uber and Alphabet's Waymo have ended their self-driving partnership in Phoenix, Arizona, "as the ride-hailing giant "prepares to launch a new autonomous vehicle collaboration in the city. Under the partnership struck in 2023, Uber had integrated Waymo's autonomous "vehicles…...
Polestar's US setback leaves owners asking: who will service my car?
5+ hour, 26+ min ago (664+ words) DETROIT, June 29 (Reuters) " When Ryan Rodriguez landed a great deal on a model year 2024 Polestar earlier this month, he did not anticipate the brand would soon be in trouble in the United States. Last week Polestar, which is majority-owned by…...
Chinese EV battery makers pledge to pay suppliers more quickly
15+ hour, 21+ min ago (279+ words) BEIJING, June 29 (Reuters) " Major Chinese electric vehicle battery makers on Monday pledged to pay their suppliers more quickly, as part of wider efforts to "ease financial strain across the auto industry. Price "wars and weakening demand have squeezed margins across…...
U. S. grid's $1 trillion problem could equal a $1 billion payout for power CEOs
1+ week, 6+ day ago (729+ words) BOSTON, June 16 (Reuters) " The U. S. electric grid's mounting reliability problems have contributed to higher power bills for millions of homes and businesses. Fixing it could offer a massive payout opportunity for the executives charged with that task. CEOs of the 15 largest…...
America's RV industry feels the chill of war and high gas prices
2+ week, 12+ hour 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…...
Musk to speak at chip tool giant ASML event ahead of Space X IPO
2+ week, 4+ day ago (276+ words) AMSTERDAM, June 11 (Reuters) " Elon Musk is expected to appear virtually at an event by computer chip equipment giant ASML on Thursday "to discuss Terafab, his plan for a "massive chipmaking plant to supply Tesla and IPO-bound Space X. The pricing of…...
Short seller Jim Chanos doubts Space X valuation, says IPO fueled by "hopes and dreams
2+ week, 5+ day ago (491+ words) By Anirban Sen and Pritam Biswas June 10 (Reuters) " Prominent short seller Jim Chanos took aim at the highly anticipated IPO of Space X, warning the Elon Musk-led space company's offering is fueled by "hopes and dreams" that do not justify…...
Analysis-Short-sellers to tread carefully as Musk's Space X debuts
2+ week, 6+ day ago (815+ words) NEW YORK, June 9 (Reuters) " Short sellers beware: Elon Musk's Space X IPO may be too hot to handle. On the face of it, the company is a natural target for short sellers " investors who sell borrowed shares to profit from…...
Australia, Canada, Japan trade bodies fret over being left out in made-in-Europe drive
3+ week, 10+ 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....
How Space X President Gwynne Shotwell has achieved Musk's lofty ambitions
3+ week, 8+ hour ago (769+ words) By Akash Sriram and Echo Wang June 8 (Reuters) " When Space X goes public on Friday with what is expected to be a record-setting IPO, it will cap two decades of founder and CEO Elon Musk's ambition to transform rocketry, satellite…...