Focus on Finance
Toyota’s Q2 US auto sales up 9% on SUV demand
The company, a unit of Japan's Toyota Motor Corp, sold 621,549 vehicles in the quarter, compared with 568,962 units a year earlier.
Major Japanese insurers to offload $3.1 billion of Honda shares, sources say
The move comes as the unwinding of cross-shareholding practices accelerates.
China’s BYD posts 21% jump in quarterly EV sales, closes gap with Tesla
BEIJING (Reuters) -China’s BYD posted a 21% rise in second-quarter electric vehicle sales, closing the gap with Tesla after handing back the world’s...
Siemens Energy plans 10,000 hires for electricity grid unit, FT says
Siemens Energy plans to recruit more than 10,000 employees as it invests 1.2bn euros in its electricity grid business over the next six...
More finance, policy ambition demanded at London climate week
Countries need to dig deeper to provide the finance and set the policies needed to shift to a low-carbon economy, delegates heard this...
Polestar reports decline in 2023 revenue as EV maker grapples with slowing demand
EV-maker Polestar said on Friday, that its 2023 revenue fell about 3% and its losses widened as it grappled with slowing demand
EV firm Fisker to recall over 12,000 Ocean vehicles
EV firm Fisker is recalling 8,204 Ocean vehicles in the US due to exterior door handles sticking and failing to open, the NHTSA...
Repsol in talks to merge UK North Sea operations with NEO, sources say
Spain's Repsol is in talks to merge its UK North Sea oil and gas business with private equity-backed NEO Energy, three industry sources...
