By Reuters Staff 1 Min Read A logo of Sharp Corp is pictured at CEATEC (Combined Exhibition of Advanced Technologies) JAPAN 2016 at the Makuhari Messe in Chiba, Japan, October 3, 2016. REUTERS/Toru Hanai/Files TOKYO (Reuters) – Japan’s Sharp Corp 6753.T said on Wednesday it has signed a licensing agreement with Daimler DAIGn.DE as it… Continue reading Sharp signs licensing deal with Daimler after winning patent lawsuit
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Tesla in talks with BHP over nickel supply pact – Bloomberg News
By Reuters Staff 1 Min Read FILE PHOTO: A view of a new nickel sulphate plant that global miner BHP Group is building to service the battery industry at its Nickel West operations, south of Perth, Australia August 2, 2019. REUTERS/Melanie Burton (Reuters) – Tesla Inc TSLA.O is in talks with BHP Group BHP.AX about… Continue reading Tesla in talks with BHP over nickel supply pact – Bloomberg News
Daimler to cut fixed costs and take Mercedes more upmarket
By Edward Taylor 3 Min Read FRANKFURT (Reuters) – German automaker Daimler will cut fixed costs, capex and R&D spending at Mercedes-Benz by more than 20% by 2025 as part of a strategy overhaul to take the brand further upmarket. The move will see Mercedes-Benz, currently the world’s top selling premium car brand, turn its… Continue reading Daimler to cut fixed costs and take Mercedes more upmarket
Tesla disbands U.S. media relations team – Electrek
By Reuters Staff 1 Min Read FILE PHOTO: The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nicholson (Reuters) – Tesla Inc has dissolved its media relations team in the United States, news website Electrek reported on Tuesday, in yet another unconventional move by the world’s most… Continue reading Tesla disbands U.S. media relations team – Electrek
Nationalisation of Thyssenkrupp not the right step – Altmaier
ESSEN/BERLIN/FRANKFURT (Reuters) – Germany on Tuesday downplayed hopes for a state bailout of the ailing steel unit of loss-making conglomerate Thyssenkrupp TKAG.DE. FILE PHOTO: A crane lifts up a steel coil at the storage and distribution facility of the steel plant of German steel maker ThyssenKrupp in Duisburg, Germany, January 30, 2020. REUTERS/Wolfgang Rattay The… Continue reading Nationalisation of Thyssenkrupp not the right step – Altmaier
Daimler to cut fixed costs by more than 20% by 2025
By Reuters Staff 1 Min Read FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke FRANKFURT (Reuters) – Daimler DAIGn.DE on Tuesday said it will cut fixed costs, capex and research and development expenditure by more than 20% by 2025 compared with 2019… Continue reading Daimler to cut fixed costs by more than 20% by 2025
Toyota-Panasonic venture to build lithium-ion batteries for hybrids in Japan
By Reuters Staff 1 Min Read Slideshow ( 2 images ) TOKYO (Reuters) – A Toyota Motor Corp and Panasonic Corp joint battery venture will establish a production line in Western Japan to manufacture lithium-ion power units for hybrid vehicles beginning in 2022, the company said on Tuesday. The production line at a Panasonic factory… Continue reading Toyota-Panasonic venture to build lithium-ion batteries for hybrids in Japan
EV startup Faraday Future in talks to go public through SPAC merger
By Ben Klayman 3 Min Read DETROIT (Reuters) – Electric vehicle startup Faraday Future aims to close a deal soon to go public through a reverse merger with a special-purchase acquisition company (SPAC), its chief executive said on Monday. Slideshow ( 2 images ) “We are working on such a deal … and will be… Continue reading EV startup Faraday Future in talks to go public through SPAC merger
Toyota, Nissan seek customs reimbursement from UK if Brexit talks fail: Nikkei
By Reuters Staff 2 Min Read Slideshow ( 3 images ) TOKYO (Reuters) – Japanese automakers Toyota Motor Corp 7203.T and Nissan Motor Co Ltd 7201.T would seek reimbursement from Britain if the government fails to agree an EU trade deal, the Nikkei financial daily reported on Monday. The companies are bracing for an additional… Continue reading Toyota, Nissan seek customs reimbursement from UK if Brexit talks fail: Nikkei
EV battery maker Romeo Systems to go public through a $1.33 billion SPAC deal
By Reuters Staff 2 Min Read (Reuters) – Romeo Systems Inc, a battery maker for electric vehicles, will go public through a merger with blank check company RMG Acquisition Corp in a $1.33 billion deal, the companies said on Monday. The deal is expected to raise $384 million for Romeo, which includes an investment of… Continue reading EV battery maker Romeo Systems to go public through a $1.33 billion SPAC deal