Volvo Cars shares plunge to record lows as Geely cuts stake
OSLO Shares of Swedish auto maker Volvo Cars fell 14% on Friday as its top owner, China's Geely,
2023-11-17 16:46
Apollo Agrees to Acquire Stake in Panasonic Automotive Systems
Panasonic Corp. has agreed to sell part of its automotive systems unit to Apollo Global Management Inc. and
2023-11-17 14:26
Tesla Has Not Yet Registered Investment in Mexico, Minister Says
Billionaire Elon Musk’s electric vehicle maker Tesla Inc. hasn’t yet formally registered its plans for investment in a
2023-11-17 13:49
Xpeng’s Gu Sees Margin Recovery After Bigger-Than-Expected Loss
Xpeng Inc. Co-President Brian Gu said he expects margins to turn positive this quarter, after the Chinese electric-vehicle
2023-11-17 12:49
Fallout from Musk’s Endorsement of Antisemitic Post Spreads
Fallout from an Elon Musk post that endorsed antisemitic views spread Thursday, prompting outrage from an investor in
2023-11-17 11:54
Aston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion Valuation
With Formula 1 preparing for the Las Vegas Grand Prix, Canadian billionaire Lawrence Stroll has sold a minority
2023-11-17 06:46
UAW’s Two Weeks Paid Parental Leave Is a Starting Point for Labor
The United Auto Workers union’s tentative agreements with Detroit’s three automakers include a new benefit: two weeks of
2023-11-17 03:22
Amazon Shoppers Can Buy a Hyundai Online Starting Next Year
Amazon.com Inc. customers will be able to buy Hyundai Motor Co. vehicles on the e-commerce giant’s website starting
2023-11-17 02:26
SQM Sees Lithium Glut Pushing Down Prices Through Year End
The world’s second-largest lithium producer is warning investors of further price declines as a glut of the metal
2023-11-17 00:53
Sumitomo Metal Mining looks to boost battery materials output, possibly in US
By Yuka Obayashi TOKYO Japan's Sumitomo Metal Mining is considering producing cathode battery materials in the United States
2023-11-16 19:59
Temasek-Backed Carsome Cutting Hundreds of Jobs to Reach Profit
Carsome Group, which operates a Southeast Asian used-car online marketplace, is cutting hundreds of jobs to reduce costs
2023-11-16 17:50
Elon Musk Calls Antisemitic Post on X the ‘Actual Truth’
Billionaire Elon Musk endorsed an antisemitic post on X, the social media site he owns, that attacked members
2023-11-16 12:25