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Shaky start for Stellantis bid to grab larger China stake

MILAN (AP) — Moves by carmaker Stellantis to consolidate its position in fast-growing China seemed to be off to a rocky start after one of its joint venture partners said it hadn’t been consulted befo...

Toyota heading to moon with cruiser, robotic arms, dreams

TOKYO (AP) — Toyota is working with Japan's space agency on a vehicle to explore the lunar surface, with ambitions to help people live on the moon by 2040 and then go live on Mars, company officials s...

Electric Commercial Vehicle Market Share, Size, Insights 2022 Movements by Key Findings, Industry Impact, Latest Trend Analysis, Progression Status, Revenue Expectation, Research Report by Report Ocean | Progressing at a CAGR of 35.1% During The Forecas

The Global Electric Commercial Vehicle Market was valued at USD 60.5 Billion in 2021 and is projected to reach USD 318.7 Billion by 2030, growing at a CAGR of 35.1% during the forecast period (2022 – ...

Crowd in Ontario cheers on anti-vaccine mandate truck convoy

TORONTO (AP) — Crowds cheered, waved flags and hoisted signs in Ontario on Thursday as parts of a convoy of truckers headed for Ottawa to protest the Canadian government’s COVID-19 vaccine mandate for...

ServiceNow, Levi Strauss rise; Tesla, Intel fall

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Tesla Inc., down $108.31 to $829.10. The electric vehicle maker said a comput...

Tesla forecasts 2022 growth above 50%, despite supply chain challenges

Tesla Inc (TSLA.O) on Wednesday forecast vehicle deliveries would comfortably grow by more than 50% year-over-year in 2022 despite persistent supply chain issues that it expects to be alleviated only ...

Renault, Nissan to invest $26B in future electric vehicles

TOKYO (AP) — The French-Japanese auto alliance of Renault and Nissan plans to invest 23 billion euros ($26 billion) in electric vehicle technology over the next five years, the companies said Thursday...

Business Highlights: The Fed's rate plans, Tesla's profits

___ Fed plans to raise rates as soon as March to cool inflation WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will likely begin a series of inter...

Tesla posts record profit, won't produce new models in 2022

DETROIT (AP) — Tesla Inc. on Wednesday posted record fourth-quarter and full-year earnings as deliveries of its electric vehicles soared despite a global shortage of computer chips that has slowed the...

Stock investors' nerves tested by inflation, omicron, Russia

NEW YORK (AP) — The stock market is losing crucial support from the Federal Reserve. Omicron is causing havoc at businesses around the world. And Russia just might be preparing to invade Ukraine, crea...

Business and economic events scheduled for Wednesday

Business and economic events scheduled for Wednesday. All times are Eastern. WASHINGTON — Commerce Department releases new home sales for December, 10 a.m. ...

Hyundai Motor expects vehicle production to rebound in H1 as chip supply improves

South Korea's Hyundai Motor Co (005380.KS) forecast on Tuesday its vehicle production would rebound in the first half of this year as a global chip shortage is expected to ease gradually from the ...

Biden revives 'clean energy' program with $1B loan guarantee

WASHINGTON (AP) — The Biden administration has issued its first clean energy loan guarantee, reviving an Obama-era program that helped launch the country’s first utility-scale wind and solar farms a d...

Asia shares tense as Fed looms, Ukraine a concern

SYDNEY, Jan 24 (Reuters) - Asian share markets slipped on Monday with the Federal Reserve expected to confirm it will soon start draining the massive liquidity that has fuelled the huge gains in growt...

GM renovating NY factory so it can make electric motor parts

LOCKPORT, N.Y. (AP) — General Motors says it will spend about $154 million to revamp an aging factory near Buffalo, New York, so it can make a key part for electric vehicle motors. T...