Focus on Business
Nissan to invest in auto tech firm ChargeScape
Nissan invests in ChargeScape, joining BMW, Ford, and Honda in the EV charging tech venture to optimize charging in North America.
EV firm Lucid beats Q3 deliveries estimate as price discounts boost demand
Lucid Group exceeded Q3 delivery estimates, driven by discounts and cheaper financing for its luxury EVs despite economic challenges.
Stellantis files new suits against United Auto Workers union
Stellantis filed eight more lawsuits against the UAW, alleging contract violations over strike threats tied to delayed investments.
Copper demand for electric vehicles is intact, trader IXM says
Copper demand in EVs remains strong despite slower sales. Still, forecasting is tricky due to evolving market variables, says trader IXM.
Equinor buys 9.8% stake in wind developer Ørsted
The investment makes Equinor the second largest shareholder in Ørsted after the Danish government.
Scottish government calls to reverse decision to axe fuel insecurity fund
The fund, left out of this year’s budget, previously supported the most vulnerable households through winter.
Canadian Natural Resources buys Chevron’s Alberta assets for US$6.5B
Canadian Natural Resources to acquire Chevron's oil sands and shale assets, boosting its stake and cash flow in Alberta.
Samsung Electronics says it is not interested in spinning off foundry business
Samsung Electronics has no plans to spin off its contract chip manufacturing or logic chip design businesses, despite significant losses.
BP drops oil output target in strategy reset: sources
Murray Auchincloss, the Canadian CEO of BP, is scaling back the firm's energy transition strategy to regain investor confidence, sources tell Reuters.
Lithium miner Arcadium confirms Rio Tinto takeover approach
Rio Tinto eyes Arcadium acquisition, seeking to expand lithium footprint amid price slump, with deal valued up to $6 billion.
