By Dmitry Zhdannikov, Ron Bousso 4 Min Read LONDON (Reuters) – BP BP.L is set to make around 7,500 compulsory redundancies after roughly 2,500 staff – or just over one in ten of those eligible – applied for voluntary severance, according to an internal memo seen by Reuters and company sources. FILE PHOTO: File photograph… Continue reading Exclusive: Only a quarter of BP’s 10,000 job cuts to be voluntary
Category: Uncategorized
Tesla’s Model S price to be cut to $69,420 -Musk
By Reuters Staff 1 Min Read Oct 14 (Reuters) – The price of Model S sedan will be cut to $69,420 tonight, Tesla Inc Chief Executive Officer Elon Musk said in a tweet bit.ly/2H0JCP0 on Wednesday. Tesla on Tuesday cut the price of its Model S “Long Range” sedan by 4% in the United States,… Continue reading Tesla’s Model S price to be cut to $69,420 -Musk
Glencore talking with carmakers and battery makers about nickel, CEO says
By Reuters Staff 2 Min Read FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, November 20, 2012. REUTERS/Arnd Wiegmann/File Photo JOHANNESBURG (Reuters) – Glencore GLEN.L CEO Ivan Glasenberg said on Friday that the company is talking with carmakers and battery makers about nickel –… Continue reading Glencore talking with carmakers and battery makers about nickel, CEO says
CEO of top battery maker LG Chem discloses JV talks, defends split-off
By Hyunjoo Jin, Heekyong Yang 3 Min Read SEOUL (Reuters) – LG Chem, the world’s top electric vehicle (EV) battery maker, is in talks with a “couple” of automakers to create joint ventures to produce automotive batteries, Chief Executive Officer Hak Cheol Shin told Reuters on Friday. Slideshow ( 4 images ) LG Chem is… Continue reading CEO of top battery maker LG Chem discloses JV talks, defends split-off
Top EV battery maker LG Chem in JV talks with automakers: CEO
By Hyunjoo Jin, Heekyong Yang 2 Min Read Slideshow ( 4 images ) SEOUL (Reuters) – LG Chem, the world’s top electric vehicle (EV) battery maker, is in talks with a “couple” of automakers to create joint ventures to produce automotive batteries, Chief Executive Officer Hak Cheol Shin told Reuters on Friday. LG Chem is… Continue reading Top EV battery maker LG Chem in JV talks with automakers: CEO
Ford’s third-quarter China sales rise 25% year-on-year to 164,352 vehicles
By Reuters Staff 1 Min Read FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay BEIJING (Reuters) – Ford Motor Co F.N on Friday said its China sales rose 25% over July to September from the same period a year earlier to 164,352… Continue reading Ford’s third-quarter China sales rise 25% year-on-year to 164,352 vehicles
France’s Renault draws down part of state-backed loan
By Reuters Staff 2 Min Read FILE PHOTO: A logo of Renault carmaker is pictured at a dealership in Le Loroux-Bottereau, France, September 28, 2020. REUTERS/Stephane Mahe/File Photo PARIS (Reuters) – French carmaker Renault RENA.PA has drawn down part of a 5 billion-euro ($5.85 billion) loan guaranteed by the French government, put in place earlier… Continue reading France’s Renault draws down part of state-backed loan
Fiat Chrysler to invest up to $1.5 billion to build EVs at Canadian plant
By Reuters Staff 2 Min Read FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo (Reuters) – Fiat Chrysler Automobiles NV will invest between $1.35 billion and $1.5 billion in its Windsor assembly plant in Canada to build electric vehicles… Continue reading Fiat Chrysler to invest up to $1.5 billion to build EVs at Canadian plant
U.S. auto market may take three years to rebound from COVID, says Subaru CEO
By Reuters Staff 1 Min Read FILE PHOTO: Tomomi Nakamura, President of Subaru, speaks at the Tokyo Motor Show, in Tokyo, Japan October 23, 2019. REUTERS/Soe Zeya Tun TOKYO (Reuters) – U.S. auto sales may take three years to recover to pre-coronavirus pandemic levels even as sales continue to rebound from an April low, the… Continue reading U.S. auto market may take three years to rebound from COVID, says Subaru CEO
Exclusive: PSA to ditch its two small gasoline city cars, sources say
By Gilles Guillaume 4 Min Read PARIS (Reuters) – PSA PEUP.PA is ending the production of Peugeot and Citroën small city cars, three sources told Reuters, withdrawing from an increasingly unprofitable market as its starts a strategic review ahead of its planned merger with Fiat Chrysler FCHA.MI. A Peugeot logo is seen on a car… Continue reading Exclusive: PSA to ditch its two small gasoline city cars, sources say