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October 22, 2021

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EV truck maker Rivian plans in-house battery cell manufacturing

Reuters
The Rivian R1T all-electric truck is pictured at an event, held by the electric vehicle startup, for customers who preordered the truck, in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino/File Photo/File Photo SAN FRANCISCO, Oct 1 (Reuters) – Electric truck maker Rivian Automotive, which currently sources batteries from......

Malaysia’s help needed to ease global chip shortage, Taiwan says

Reuters
A 12-inch wafer is seen at Taiwan Semiconductor Manufacturing Co. (TSMC) in Hsinchu June 15, 2010. REUTERS/Pichi Chuang TAIPEI, Oct 1 (Reuters) – Malaysia’s help is needed to resolve the global shortage of auto semiconductors, especially when it comes to packaging, a sector affected by the country’s COVID-19 curbs, Taiwan......

Former Olympics minister Suzuki to be next Japan finance minister – Yomiuri

Reuters
Japan’s Olympics Minister Shunichi Suzuki speaks at a news conference in Tokyo, Japan August 3, 2017. REUTERS/Kim Kyung-Hoon TOKYO, Oct 1 (Reuters) – Japan’s former Olympics minister Shunichi Suzuki is likely to be appointed finance minister in presumptive new Prime Minister Fumio Kishida’s cabinet, the Yomiuri daily reported, a key......

Foxconn strikes deal to acquire former Lordstown Ohio plant

Reuters
A Lordstown Motors beta version of its all electric pickup truck, the Endurance, is seen at the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook/File Photo WASHINGTON/DETROIT, Sept 30 (Reuters) – Global technology firm Foxconn will buy an assembly plant owned by U.S. electric vehicle startup......

Lucid to start deliveries of electric cars with range exceeding Tesla’s in October

Reuters
CASA GRANDE, Ariz., Sept 28 (Reuters) – U.S. startup Lucid Group Inc (LCID.O) said on Tuesday it will start delivering luxury electric sedans with a Tesla-beating driving range in late October, posing a major challenge to the market leader whose sales of premium models have stagnated. The California-based Lucid began......

EV maker Polestar strikes $20-bln deal with Gores Guggenheim SPAC

Reuters
Sept 27 (Reuters) – Swedish electric-car maker Polestar said on Monday it will go public by merging with a U.S.-listed blank-check firm backed by billionaire Alec Gores and investment bank Guggenheim Partners at an enterprise value of $20 billion. The deal with Gores Guggenheim (GGPI.O) will provide Polestar cash proceeds......

Daimler expands European battery network with 33% stake in ACC venture

Reuters
Mercedes logo in Stuttgart, Germany, February 11, 2020. REUTERS/Andreas Gebert/File Photo Daimler to take 33% stake in battery venture ACC will begin supplying Daimler from mid-decade Daimler to invest up to 1 billion euros CEO Kallenius: “Our focus is on Europe” BERLIN, Sept 24 (Reuters) – Daimler’s (DAIGn.DE) Mercedes-Benz said......

White House prods companies on chips information request

Reuters
WASHINGTON, Sept 23 (Reuters) – The White House is pressing automakers, chip companies and others to cooperate in a bid for more information about the ongoing semiconductor crisis that has forced cuts to U.S. auto production, but made clear on Thursday that the industry needs to take the lead to......

BlackBerry beats quarterly revenue expectations on cybersecurity boost

Reuters
The Blackberry logo is seen on a smartphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Sept 22 (Reuters) – Canada’s BlackBerry Ltd (BB.TO) beat Wall Street estimates for second-quarter revenue on Wednesday amid strong demand for its cybersecurity and Internet......

Tesla pushes U.S. to boost fuel economy penalties

Reuters
The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. WASHINGTON,......

German auto giants place their bets on hydrogen cars

Reuters
BMW iX5 Hydrogen is seen during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay MUNICH, Sept 22 (Reuters) – Battery power may be the frontrunner to become the car technology of the future, but don’t rule out the underdog hydrogen. That’s the view of......

Exclusive: U.S. opens probe into 30 million vehicles over air bag inflators

Reuters
Heavy vehicular traffic is seen in the Ocean Beach neighbourhood of San Diego, California, U.S., ahead of the Fourth of July holiday July 3, 2020. REUTERS/Bing Guan WASHINGTON, Sept 19 (Reuters) – U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen......

Ford wakes up badly burnt from its India dream

Reuters
NEW DELHI, Sept 17 (Reuters) – When Ford Motor Co (F.N) built its first factory in India in the mid-1990s, U.S. carmakers believed they were buying into a boom – the next China. The economy had been liberalised in 1991, the government was welcoming investors, and the middle class was......

Banks beware, outsiders are cracking the code for finance

Reuters
Embedded finance investment jumps in 2021, data shows Buy now pay later deals take centre stage Fintech market valuations leapfrog banks LONDON, Sept 17 (Reuters) – Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon (AMZN.O) to IKEA and Walmart......

GM extends EV Bolt production halt to mid-October

Reuters
A close-up view of the Chevrolet Bolt electric vehicle logo is seen at Stewart Chevrolet in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam WASHINGTON, Sept 16 (Reuters) – General Motors Co (GM.N) said on Thursday it will extend a shutdown of a Michigan assembly plant to mid-October following a......

Four former VW employees go on trial in Dieselgate lawsuit

Reuters
BRAUNSCHWEIG, Germany, Sept 16 (Reuters) – Four former employees of carmaker Volkswagen (VOWG_p.DE) went on trial on Thursday over the Dieselgate scandal in which illegal software was used to cheat emission tests. The trial, being held in the city of Braunschweig, close to Volkswagen’s headquarters in Wolfsburg, started without former......

Nikola, Iveco sign MoU to deliver 25 e-trucks to Hamburg port

Reuters
ULM, Germany, Sept 15 (Reuters) – Electric-truck maker Nikola (NKLA.O) and Iveco, the commercial vehicles brand of Italy’s CNH Industrial (CNHI.MI), on Wednesday said they had agreed to test and deliver up to 25 vehicles to the port of Hamburg, one of Europe’s largest. The memorandum of understanding, which was......

Biden to meet U.S. CEOs in ‘rallying cry’ for vaccine mandates

Reuters
WASHINGTON, Sept 15 (Reuters) – U.S. President Joe Biden was scheduled to meet on Wednesday with business leaders and CEOs, as he pushes companies to require workers to be vaccinated amid a surge in COVID-19 infections among those not yet inoculated. Biden last week announced vaccine mandates for all federal......

Ford poaches Apple’s car project chief Doug Field

Reuters
Sept 7 (Reuters) – The head of Apple Inc’s(AAPL.O) car project, Doug Field, is going to work for Ford Motor Co(F.N)to lead the automaker’s advanced technology and embedded systems efforts, a hiring coup for Ford Chief Executive Jim Farley. Field most recently served as vice president of special projects at......

Japanese automakers’ China car sales tumbled in August

Reuters
New cars are seen at a parking lot in Shenyang, Liaoning province, China, January 16, 2017. REUTERS/Stringer/Files BEIJING, Sept 6 (Reuters) – Japanese automakers Honda Motor (7267.T), Nissan Motor (7201.T) and Toyota Motor (7203.T) saw their sales in China tumble in August as a chip shortage hit vehicle production in......

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