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November 30, 2021

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Walmart CEO says Biden supply chain push is easing bottlenecks

Reuters
WASHINGTON, Nov 29 (Reuters) – Walmart Inc (WMT.N) Chief Executive Doug McMillon on Monday hailed the Biden administration’s efforts to ease supply chain bottlenecks as the holiday season gets underway, noting the decision to extend port hours was having a positive impact on the flow of goods. “We are seeing......

Stellantis inks deal with Vulcan for CO2-free lithium supply in Europe

Reuters
A view shows the logo of Stellantis at the entrance of the company’s factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol/File Photo Register now for FREE unlimited access to reuters.com Register Vulcan to supply up to 99,000 tons of lithium Supplies to Stellantis will start in 2026 Stellantis will......

Nissan to spend $17.6 bln over 5 years in electrification push

Reuters
Nissan Motor’s logo is displayed during a press preview for the company’s new Ariya all-battery SUV at Nissan Pavilion in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato Register now for FREE unlimited access to reuters.com Register TOKYO, Nov 29 (Reuters) – Nissan Motor Co (7201.T) announced it......

Italy finance police search Juventus offices in player trading probe

Reuters
Soccer Football – Serie A – Juventus v Parma – Allianz Stadium, Turin, Italy – January 19, 2020 General view of the corner flag inside the stadium before the match REUTERS/Massimo Pinca/File Photo Register now for FREE unlimited access to reuters.com Register ROME, Nov 27 (Reuters) – Italian finance police......

After shaking up nickel, China’s Tsingshan sets sights on lithium

Reuters
An electric car is charged at a roadside EV charge point, London, October 19, 2021. REUTERS/Toby Melville/File Photo/File Photo Register now for FREE unlimited access to reuters.com Register Nov 26 (Reuters) – Tsingshan Holding Group, the Chinese firm that shook the nickel world by rapidly boosting output in Indonesia, is......

Tesla to invest $188 mln to expand Shanghai factory capacity -Beijing Daily

Reuters
SHANGHAI, Nov 26 (Reuters) – Tesla Inc (TSLA.O) plans to invest up to 1.2 billion yuan ($187.91 million) to expand production capacity at its Shanghai factory that will allow it to employ 4,000 more people at the site, state-backed Beijing Daily newspaper reported on Friday. The newspaper attributed the information......

Wall Street ends higher; Nvidia surge offsets Nordstrom, Gap slide

Reuters
Nordstrom, Gap tumble on weak earnings Core PCE index rises in October Real estate leads among S&P 500 sectors Nov 24 (Reuters) – Wall Street ended higher on Wednesday, lifted by gains in Nvidia and other tech stocks, while Gap and Nordstrom shares tumbled following weak quarterly reports. Nordstrom (JWN.N)......

Shares in Fincantieri fall on capital increase worries

Reuters
A view of Fincantieri shipyard is seen in Monfalcone near Trieste, in northest Italy, April 21, 2016. REUTERS/Alessandro Bianchi Register now for FREE unlimited access to reuters.com Register MILAN, Nov 24 (Reuters) – Shares in Fincantieri (FCT.MI) fell 4.6% on Wednesday, hit by the prospect of a possible capital increase,......

Tesla’s Musk says Model S Plaid may come to China around March

Reuters
Tesla Chief Executive Office Elon Musk speaks at his company’s factory in Fremont, California, June 22, 2012, as the car company began delivering its Model S electric sedan. REUTERS/Noah Berger/File Photo Register now for FREE unlimited access to reuters.com Register Nov 22 (Reuters) – Tesla Chief Executive Elon Musk said......

Hamilton on pole in Qatar with Verstappen second

Reuters
Hamilton on pole for Mercedes in Doha Red Bull’s Verstappen will line up second, Bottas third Gasly qualifies fourth despite puncture Alonso fifth for Alpine DOHA, Nov 20 (Reuters) – Seven-times Formula One world champion Lewis Hamilton put his Mercedes on pole position for the inaugural Qatar Grand Prix with......

Tesla app coming back online after server outage, Musk says

Reuters
Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song Register now for FREE unlimited access to reuters.com Register Nov 19 (Reuters) – Tesla Inc (TSLA.O) chief Elon Musk said on Friday that the company’s mobile application was coming back online......

GM flags concern over renewable energy in Mexico, sees investment risk

Reuters
The General Motors plant is seen in Silao, Mexico, August 17, 2021. REUTERS/Sergio Maldonado/File Photo Register now for FREE unlimited access to reuters.com Register MEXICO CITY, Nov 19 (Reuters) – A senior executive of carmaker General Motors (GM) raised concern about the future of renewable energy usage in Mexico, saying......

Are auto shows dead after pandemic? LA shows some life

Reuters
LOS ANGELES, Nov 18 (Reuters) – What a difference two years make. The 2019 Los Angeles auto show featured a parade of vehicle debuts, a flurry of press conferences and other events in the opening two days, along with hundreds of thousands of people eager to see new cars. Fast......

Stellantis to require 14,000 U.S. workers to be fully vaccinated

Reuters
A view shows the logo of Stellantis at the entrance of the company’s factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol Register now for FREE unlimited access to reuters.com Register WASHINGTON, Nov 19 (Reuters) – Stellantis NV (STLA.MI) will require all of its 14,000 U.S. salaried non-represented employees to......

Bottas quickest on Formula One’s first day in Qatar

Reuters
Bottas fastest in second session Verstappen sets early pace Hamilton fourth in both practice sessions Nov 19 (Reuters) – Valtteri Bottas lapped fastest for Mercedes in floodlit free practice on Friday as Formula One prepared to race in Qatar for the first time with the title battle entering its decisive......

Biden says U.S. considering diplomatic boycott of Beijing Olympics

Reuters
WASHINGTON, Nov 18 (Reuters) – The United States is considering a diplomatic boycott of the Beijing Olympics, President Joe Biden confirmed on Thursday, a move that would be aimed at protesting China’s human rights record, including what Washington says is genocide against minority Muslims. “Something we’re considering,” Biden said when......

Wall Street dips on rate hike uncertainty; Visa weighs on Dow

Reuters
People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo Target hikes outlook, but stock falls on Q3 margin hit EV maker stocks rise amid growing demand Visa slips after Amazon balks at high UK fees......

Volkswagen powers up the grid to take on Tesla

Reuters
VW’s EV infrastructure chief has power industry background VW betting on rapid expansion of fast-charging network VW playing catch-up with U.S. EV pioneer Tesla FRANKFURT/DUESSELDORF, Nov 17 (Reuters) – Volkswagen (VOWG_p.DE) plans to double staff numbers at its charging and energy division, roll out new payment technology next year and......

Tesla bounces back as electric car stocks rally

Reuters
Nov 16 (Reuters) – Tesla’s stock rebounded from its recent selloff on Tuesday in a rally of electric vehicle makers a day after Chief Executive Elon Musk disclosed he sold another $930 million worth of his company’s shares. In a sector surge spearheaded by Rivian Automotive (RIVN.O) and Lucid Group......

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