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July 5, 2022

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UK launches data centre for critical minerals

Reuters
Evaporation pools for the extraction of lithium are seen at the Salar de Uyuni, a vast white salt flat at the centre of a global resource race for the battery metal lithium, outside of Uyuni, Bolivia March 26, 2022. Picture taken with a drone. REUTERS/Claudia Morales Register now for FREE......

Tesla’s quarterly deliveries fall on China’s COVID shutdown

Reuters
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register July 2 (Reuters) – Tesla Inc (TSLA.O) delivered 17.9% fewer electric vehicles......

Verstappen leads Red Bull one-two in final British practice

Reuters
SILVERSTONE, England, July 2 (Reuters) – Formula One championship leader Max Verstappen led a Red Bull one-two in a breezy final practice for the British Grand Prix on Saturday. The Dutch 24-year-old lapped with a best time of one minute 27.901 seconds, 0.410 quicker than his Mexican team mate Sergio......

Sainz puts Ferrari on top in British GP practice

Reuters
Formula One F1 – British Grand Prix – Silverstone Circuit, Silverstone, Britain – June 30, 2022 Alfa Romeo’s Valtteri Bottas ahead of the Grand Prix REUTERS/Molly Darlington Register now for FREE unlimited access to Reuters.com Register Sainz fastest in second session Hamilton second quickest in both at home race SILVERSTONE,......

Drop in demand weighs on German manufacturing, outlook darkens -PMI

Reuters
A robot adjusts a windscreen in a fully automated process at the Daimler factory in Rastatt, Germany, February 4, 2019. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register BERLIN, July 1 (Reuters) – A sharp fall in new orders weighed on German manufacturing activity in June, darkening......

S&P 500 limps to slightly lower close as quarter-end looms

Reuters
U.S. economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down......

S.Korea’s LGES reviews plan for $1.3 bln Arizona battery plant as U.S. inflation bites

Reuters
SEOUL, June 29 (Reuters) – South Korean battery maker LG Energy Solution Ltd (LGES) (373220.KS) plans to reassess its investment plan for a standalone Arizona battery factory due to the current U.S. economic environment, a company spokesperson said on Wednesday. The spokesperson’s comments on the previously announced $1.3 billion investment......

India plans safety rating system for passenger cars

Reuters
Traffic moves on a road in a heat haze during hot weather on the outskirts of Ahmedabad, India, May 12, 2022. REUTERS/Amit Dave Register now for FREE unlimited access to Reuters.com Register NEW DELHI, June 25 (Reuters) – India will introduce a safety rating system for passenger cars – a......

Exclusive: Japan emphasised hybrids in policy document after lawmaker cited lobbying from Toyota head

Reuters
TOKYO, June 24 (Reuters) – Japan changed a key policy document to show its support for hybrids was on par with battery-electric vehicles after a lawmaker cited the head of Toyota saying automakers couldn’t back a government that rejected the technology popularised by the Prius, according to notes from a......

Biden administration leans on Tesla for guidance in renewable fuel policy reform

Reuters
June 23 (Reuters) – U.S. President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails......

Indian shares rise as automakers enjoy best day in over two years

Reuters
People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, June 23 (Reuters) – Indian shares bucked a broader downturn on Thursday as weak metal and oil prices drove beaten-down automakers to their......

Twitter tests long-form text feature called ‘Notes’

Reuters
The Twitter app is seen on a smartphone in this illustration taken July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register June 22 (Reuters) – Twitter Inc (TWTR.N)said on Wednesday it was testing a new feature called “Notes” that would allow users to share......

Anticipating U.S. downturn, Elon Musk details Tesla staff cuts

Reuters
Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, U.S., May 2, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register DOHA, June 21 (Reuters) – Elon Musk, CEO of......

Tesla sued by former employees over ‘mass layoff’

Reuters
June 20 (Reuters) – Former Tesla Inc (TSLA.O) employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a “mass layoff” violated federal law as the company did not provide advance notice of the job cuts. The lawsuit was filed late Sunday in......

Stop complaining and drive, says AlphaTauri boss

Reuters
Formula One F1 – Australian Grand Prix – Melbourne Grand Prix Circuit, Melbourne, Australia – April 9, 2022 AlphaTauri Team Principal Franz Tost attends a news conference before qualifying REUTERS/Martin Keep Register now for FREE unlimited access to Reuters.com Register MONTREAL, June 18 (Reuters) – As Formula One wrestles with......

Elon Musk’s SpaceX fires at least five over critical letter

Reuters
June 17 (Reuters) – Private rocket company SpaceX fired at least five employees after it found they had drafted and circulated a letter criticizing founder Elon Musk and urging executives to make the firm’s culture more inclusive, two people familiar with the matter said. SpaceX did not immediately respond to......

No immediate penalty for Leclerc after Baku engine blow

Reuters
Formula One F1 – Canadian Grand Prix – Circuit Gilles Villeneuve, Montreal, Canada – June 16, 2022 Ferrari engineers with Ferrari’s Charles Leclerc’s car ahead of the Canadian Grand Prix REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register MONTREAL, June 17 (Reuters) – The risk of Charles......

Tesla investor sues Musk, board over accusation of workplace discrimination

Reuters
June 17 (Reuters) – A Tesla Inc (TSLA.O) shareholder sued the electric car maker, Chief Executive Elon Musk and its board, accusing them of neglecting to tackle complaints about workplace discrimination and harassment, and engendering a “toxic workplace culture.” Thursday’s lawsuit is the latest against Tesla, which has been accused......

Sony, Honda sign JV to sell electric cars by 2025

Reuters
June 17 (Reuters) – Japan’s Sony (6758.T) and Honda Motor (7267.T) on Thursday officially agreed to an equally owned joint venture that will start selling electric cars in 2025. Honda, like bigger rival Toyota Motor (7203.T), has been slower to shift to electric vehicles (EV) than global automakers and is......

In call with Twitter staff, Elon Musk muses on space aliens, company’s future

Reuters
June 16 (Reuters) – Elon Musk addressed Twitter (TWTR.N) employees for the first time on Thursday, expressing his view that Twitter would need to cut its headcount, but offering few other new details about his $44 billion planned takeover of the social media company. Musk appeared via video call 10......

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