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Articles of Reuters

  • EV Maker Rivian To Cut 6% Of Jobs Amid Price War -Internal Memo

    EV Maker Rivian To Cut 6% Of Jobs Amid Price War -Internal Memo

    ReutersBy Reuters•Feb 27, 2023 05:58 PM0

    Layoffs at Rivian come amid falling EV prices kicked off by cuts made recently by Elon Musk-led Tesla and Ford Motor Co.

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  • SK On Confirms Termination Of Non-Binding Agreement To Build Battery Cell Venture In Turkey

    SK On Confirms Termination Of Non-Binding Agreement To Build Battery Cell Venture In Turkey

    ReutersBy Reuters•Feb 27, 2023 05:55 PM0

    SK On - whose parent SK Innovation Co Ltd counts Hyundai Motor Co, Volkswagen AG and Ford among its customers - announced the joint venture to make electric vehicle (EV) battery cells in Turkey last year.

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  • Hertz Has Fewer Tesla's In Its Fleet Than Planned

    Hertz Has Fewer Tesla's In Its Fleet Than Planned

    ReutersBy Reuters•Feb 27, 2023 05:50 PM0

    Hertz did not give details on why it has added fewer Tesla's than it originally planned to order.

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  • Mexico President Says Two Locations Primed For New Tesla Plant

    Mexico President Says Two Locations Primed For New Tesla Plant

    ReutersBy Reuters•Feb 27, 2023 05:47 PM0

    Lopez Obrador referred to both states as a possibility when asked about the firm's plans, which Tesla has not yet commented on, during a regular news conference.

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  • India's MRF Reports Q3 Profit Jump On Softer Raw Material Prices, Solid Demand

    India's MRF Reports Q3 Profit Jump On Softer Raw Material Prices, Solid Demand

    ReutersBy Reuters•Feb 27, 2023 05:45 PM0

    MRF's total expenses rose 14% to 53.81 billion rupees, nearly half of the increase in the first six months of the current fiscal year.

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  • BorgWarner Sees EV Business To Grow At Least 72 Per Cent In 2023

    BorgWarner Sees EV Business To Grow At Least 72 Per Cent In 2023

    ReutersBy Reuters•Feb 27, 2023 05:41 PM0

    BorgWarner in December announced plans to spin-off its fuel systems and aftermarket units to focus solely on air management and e-propulsion & drivetrain units.

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  • Lucid Joins Tesla-Led EV Price War With Discounts On Some Air Models

    Lucid Joins Tesla-Led EV Price War With Discounts On Some Air Models

    ReutersBy Reuters•Feb 27, 2023 05:39 PM0

    The battle has made it much more difficult for money-losing U.S. startups such as Rivian Automotive Inc and Lucid to grab market share at a time when high borrowing costs and inflation have pinched consumer wallets.

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  • GM Inks Deal With GlobalFoundries To Secure U.S.-Made Chips

    GM Inks Deal With GlobalFoundries To Secure U.S.-Made Chips

    ReutersBy Reuters•Feb 27, 2023 05:37 PM0

    GlobalFoundries said the agreement for at least three years was the first of its kind and establishes a dedicated capacity exclusively for GM's key chip suppliers at their upstate New York fabrication facility.

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  • U.S. Set To Loan Redwood Materials $2 Billion For EV materials Plant

    U.S. Set To Loan Redwood Materials $2 Billion For EV materials Plant

    ReutersBy Reuters•Feb 27, 2023 05:21 PM0

    Energy Secretary Jennifer Granholm said that, if finalized, the loan will help the project create critical materials for electric vehicle batteries.

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  • In China, Tesla Could Win Electric Vehicle Price Battle - But Lose The War

    In China, Tesla Could Win Electric Vehicle Price Battle - But Lose The War

    ReutersBy Reuters•Feb 27, 2023 05:18 PM0

    Most immediately, Tesla's January price cuts drove deliveries of its China-made vehicles up 18% from December. Tesla's thick profit margins have put it in a position to take a price war to competitors in China and beyond, analysts say.

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  • India's January Wholesale Passenger Vehicle Volume Up On Consumer Sentiment - SIAM

    India's January Wholesale Passenger Vehicle Volume Up On Consumer Sentiment - SIAM

    ReutersBy Reuters•Feb 27, 2023 05:16 PM0

    Sales of the now-popular and mostly pricier UVs grew around 28% and continued to outnumber that of passenger cars - which include entry-level cars and sedans - in January, according to SIAM data.

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  • Biden praises Musk plan to open Tesla's charging network, says it is a 'big deal'

    Biden praises Musk plan to open Tesla's charging network, says it is a 'big deal'

    ReutersBy Reuters•Feb 27, 2023 01:17 PM0

    U.S. President Joe Biden praised the plan by Tesla Inc Chief Executive Elon Musk to open part of its electric vehicle charging network, saying the move is a "big deal" and will "make a big difference."

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  • Tesla CEO Musk Signals Part 3 Of Master Plan Is Ready

    Tesla CEO Musk Signals Part 3 Of Master Plan Is Ready

    ReutersBy Reuters•Feb 27, 2023 01:12 PM0

    Before Tesla put out its first production car, Musk set expectations for three: a sports car, a cheaper four-door family car and an even more affordable third model.

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  • New Biden EV Charger Rules Stress Made In America, Force Tesla Changes

    New Biden EV Charger Rules Stress Made In America, Force Tesla Changes

    ReutersBy Reuters•Feb 27, 2023 12:52 PM0

    The White House hopes the new rules, issued after nearly eight months of debate, will jump-start the biggest transformation of the U.S. driving landscape in generations. It seeks to give consumers unfettered access to a growing coast-to-coast network of EV charging stations, including Tesla Inc's Superchargers.

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  • Tesla To Halt Some China Production For Upgrades: Report

    Tesla To Halt Some China Production For Upgrades: Report

    ReutersBy Reuters•Feb 27, 2023 12:38 PM•1 min read

    Tesla is developing a revamped version, codenamed "Highland", of the Model 3, which was first launched in 2017, Reuters reported in November.

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  • U.S. Senator Rubio Seeks Review Of Ford Technology Deal With China's CATL

    U.S. Senator Rubio Seeks Review Of Ford Technology Deal With China's CATL

    ReutersBy Reuters•Feb 27, 2023 12:30 PM0

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  • Mexico's Top Diplomat Says Met With Tesla Brass, 'Good News' Imminent

    Mexico's Top Diplomat Says Met With Tesla Brass, 'Good News' Imminent

    ReutersBy Reuters•Feb 27, 2023 12:15 PM0

    Ebrard met with Rohan Patel, Tesla's senior global director of public policy and business development, and Eugenio Grandio, director of business development and policy for Latin America, Mexico's senior diplomat wrote in a post on Twitter.

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  • Bosch's India Unit Reports Q3 Profit Jump, Warns Of "Challenging 2023"

    Bosch's India Unit Reports Q3 Profit Jump, Warns Of "Challenging 2023"

    ReutersBy Reuters•Feb 27, 2023 11:31 AM0

    Surging inflation and worries of a global economic slowdown have left several multinational firms cautious of their growth prospects this year, as people cut back on discretionary spending.

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  • Amazon's Zoox Tests Robotaxi On Public Road With Employees As Passengers

    Amazon's Zoox Tests Robotaxi On Public Road With Employees As Passengers

    ReutersBy Reuters•Feb 27, 2023 11:23 AM0

    The Feb. 11 test, conducted between two Zoox buildings a mile apart at its headquarters in Foster City, California, was part of the launch of a no-cost employee shuttle service that will also help the company refine its technology.

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  • India's Landmark Cars Profit Jumps 37% In First Earnings Since Listing

    India's Landmark Cars Profit Jumps 37% In First Earnings Since Listing

    ReutersBy Reuters•Feb 27, 2023 10:48 AM0

    The South Asian country, once a small and low-cost car market, is seeing a sharp expansion in demand for premium models with a growing middle class splurging on everything pricey from branded apparel to luxury cars.

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