By Paul Lienert (Reuters) – General Motors has said it will have the capacity to build 1 million electric vehicles in North America by 2025, but a slow ramp-up of its three U.S. battery plants could limit actual EV production to less than 600,000 at mid-decade, according to a forecast and analysis prepared for Reuters….
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Governor and vice chair nominee Philip Jefferson said progress on inflation may be slowing but said it was also too early in the policy tightening process to judge the full impact of the rapid rate increases approved by the central bank so far. Inflation “is still too…
(Reuters) -General Electric Co said on Thursday Carolina Dybeck Happe would step down as finance chief of the industrial giant, as it prepares to complete the spin-offs of its businesses next year. Rahul Ghai will become the CFO of GE, effective Sept. 1, while retaining his role as the finance chief of GE Aerospace, which…
By Lisa Baertlein CHICAGO (Reuters) – Some U.S. importers who shifted cargo away from West Coast ports to rival gateways over fears that labor contract talks could disrupt shipments have begun bringing some of that volume back, even as those negotiations stretch into their 13th month, company supply chain executives said. But anxiety over labor…
TOKYO (Reuters) -Japan’s Panasonic Holdings Corp aims to ramp up production of battery cells used in electric vehicles by building at least two new factories in North America, it said on Thursday. The company, whose energy unit makes batteries for Tesla Inc, seeks to boost its auto battery capacity to 200 gigawatt hours per year…
By Aditi Shah, Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -Tesla Inc has held discussions with officials about incentives being offered by India for car and battery manufacturing, said a person with direct knowledge of the talks, as the automaker looks anew at entering the Indian market. The U.S. electric car maker has proposed…
(Reuters) -Shopping mall operator Regency Centers Corp said on Thursday it has agreed to buy Urstadt Biddle Properties Inc in an all-stock deal valued at about $1.4 billion, including the assumption of debt and preferred stock. The move will help Regency expand its footprint in grocery-anchored shopping centers in suburban trade areas in the United…
NEW YORK (Reuters) – The Bank of New York Mellon Corporation priced a $500 million debt offering that was underwritten by minority, veteran- and woman-owned investment firms, the bank said in a statement on Thursday. The offering of senior medium-term bank notes — typically handled by the world’s largest lenders — will be led entirely…
(Refiles to fix author reporting credit) By Nelson Bocanegra BOGOTA (Reuters) -Mexican used-car platform Kavak has opened a vehicle reconditioning plant in Colombia, which it hopes will help capture at least 5% of the country’s used car market, country manager Luis Eduardo Lopez said on Wednesday. The 16,900-square-meter (20,200 square yard) plant has a capacity…
By Gleb Garanich KYIV (Reuters) – Ukraine shot down 29 of 30 missiles launched by Russia in overnight air strikes but one person was killed in an attack on the southern city of Odesa, the Ukrainian military said on Thursday. Black smoke filled the sky over Kyiv during the ninth attack on the capital this…
