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Summary Companies Move marks biggest foreign investment in Germany in history Intel to get 10 bln euros in subsidies from Germany – source Move highlights Berlin’s efforts to attract foreign investment Tens of thousands of jobs to be created as a result – Intel Intel shares +0.3% in Frankfurt BERLIN/STOCKHOLM, June 19 (Reuters) – Intel… Continue reading article with video
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BRUSSELS, June 19 (Reuters) – The European Commission plans to propose measures this year to address security risks posed by outbound investments as well as reinforcing export controls on goods that have both civilian and military uses, with an eye on rivals such as China. In a document entitled “European Economic Security Strategy”, seen by… Continue reading Untitled
US lawmakers to press automakers to cut reliance on China over supply chains- Bloomberg
[1/2] The GM logo is seen on the China Headquarters in Shanghai, China, August 29, 2022. REUTERS/Aly Song WASHINGTON, June 19 (Reuters) – A bipartisan group of U.S. lawmakers will travel to Detroit on Tuesday to press the heads of automakers Ford Motor (F.N) and General Motors (GM.N) to slash reliance on China over supply… Continue reading US lawmakers to press automakers to cut reliance on China over supply chains- Bloomberg
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Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
Renault names Luca de Meo as new head of Ampere electric vehicle unit
PARIS, June 19 (Reuters) – French carmaker Renault (RENA.PA) appointed on Monday its group chief executive Luca de Meo as the future chairman and CEO of Ampere, the electric vehicle division which Renault is aiming to list on the stock market. Renault added that its board of directors had also set up an ad-hoc committee,… Continue reading Renault names Luca de Meo as new head of Ampere electric vehicle unit
US opens safety probe into Hyundai Ioniq 5 EVs over power loss reports
WASHINGTON, June 19 (Reuters) – U.S. auto safety regulators are investigating nearly 40,000 Hyundai (005380.KS) Ioniq 5 electric vehicles over reports of power loss while driving that may be tied to a battery charging issue. The National Highway Traffic Safety Administration’s preliminary investigation covers 2022 model-year vehicles after it received 30 consumer complaints alleging a… Continue reading US opens safety probe into Hyundai Ioniq 5 EVs over power loss reports
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Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
Europe in danger of losing EV battery race – Court of Auditors
BRUSSELS, June 19 (Reuters) – Europe is in danger of losing the race to become a global battery powerhouse as access to raw materials remains a major roadblock along with rising costs and fierce competition, a report by the European Court of Auditors (ECA) said on Monday. The report warned that the European Union may… Continue reading Europe in danger of losing EV battery race – Court of Auditors
Chile’s Codelco must kick-start lithium industry while reviving copper output
[1/2] A view of a brine pool of a lithium mine on the Atacama salt flat in the Atacama desert, Chile, August 16, 2018.REUTERS/Ivan Alvarado/File photo SANTIAGO, June 19 (Reuters) – Chilean President Gabriel Boric, seeking to expand the country’s long-stalled lithium industry, has tasked state-owned Codelco, the world’s largest copper producer, to lead the… Continue reading Chile’s Codelco must kick-start lithium industry while reviving copper output