By Kate Holton and Nick Carey LONDON (Reuters) – British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated, Stellantis has warned, as Ford added its voice to the latest warning from the auto industry since Britain left the European Union. Stellantis, the world’s No. 3…
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -Tesla Inc has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker told government officials on Wednesday, according to a source with direct knowledge of the matter. The proposal comes after India refused to agree to Tesla’s…
By Timothy Gardner WASHINGTON (Reuters) – Companies looking to harness the process that powers the sun and stars to generate electricity expect to spend about $7 billion by the time their first nuclear fusion plants come online, a survey published on Wednesday said. Fusion occurs when the nuclei of two light atoms such as hydrogen,…
By Victoria Waldersee and Joseph White MUNICH (Reuters) – Electric car maker Fisker Inc is exploring collaboration with other companies to scale up market share faster, Chief Executive Henrik Fisker said on Wednesday. “Buyers aren’t loyal anymore to their traditional brands. That changes everything. If we collaborate with someone, you can scale quicker … it…
By Jody Godoy (Reuters) -Theranos founder Elizabeth Holmes and former CEO Ramesh “Sunny” Balwani were on Tuesday ordered to pay $452 million to victims of the blood-testing startup’s fraud, and an appeals court also denied Holmes’ request to remain out of prison while challenging her conviction. Holmes, who rose to fame after claiming Theranos’ small…
By John Revill (Reuters) -Siemens raised its full year sales and profit guidance on Wednesday after the German engineering and technology group beat sales forecasts during its second quarter. The maker of products ranging from trains and industrial software was in confident mood, boosted by its enormous order book which continued to expand, and a…
(Reuters) -Newly appointed Twitter CEO Linda Yaccarino said in a tweet on Saturday that she has been inspired by owner Elon Musk’s vision to create a brighter future and is excited to help to transform the social media platform. It was the first time Yaccarino has spoken publicly since the news broke Thursday that she…
By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla Inc CEO Elon Musk warned on Tuesday that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months. At the company’s annual shareholder meeting in Austin, Texas, Musk played down market rumors that he may step…
SHANGHAI/BEIJING (Reuters) – BYD Co Ltd may be China’s biggest electric vehicle maker by a country mile but it knows it lags rivals in autonomous driving, and has set up a new division and embarked on a huge hiring spree to rectify that shortcoming. Between 4,000 and 5,000 software engineers have been hired recently, BYD…
TOKYO (Reuters) -Japan’s Prime Minister Fumio Kishida plans to meet with top executives from global semiconductor companies as early as on Thursday to strengthen multilateral cooperation, Chief Cabinet Secretary Hirokazu Matsuno said. “The resilience of the semiconductor supply chain cannot be achieved by a single country, and it is extremely important to work together with…
