Focus on Business
GM, LG agree $150m relief fund for Chevy Bolt EV owners over faulty batteries
General Motors and South Korea's LG Electronics agreed a $150m fund to provide relief to Chevy Bolt EV owners affected by defective batteries
Ford asks suppliers to cut costs in push to turn EV business profitable: memo
Ford Motor Co has asked its electric-vehicle suppliers to reduce costs in an attempt to support profitability, saying "everything is on the table,"...
Oil, gas groups sue to block US rule hiking drilling fees on federal lands
Under the new policy finalized last month, oil and gas companies will pay higher bonds to help ensure old oil and gas wells...
Tesla gets local council OK for German factory expansion
Tesla got the go-ahead for an expansion of its German factory near Berlin from the local council despite protests against the U.S. electric...
Siemens Energy boss says there can be no energy transition without China
Europe's energy sector relies too much on China to entertain the idea of de-risking, says the CEO of Siemens Energy.
Britain eyes 2026 start for tougher company climate disclosures
Currently Britain requires listed companies to make climate-related disclosures using norms from a global taskforce
Chevron prepares for North Sea exit after more than 55 years
Chevron is set to launch the sale of its remaining UK North Sea oil and gas assets, as it prepares for the $53bn...
Chinese overcapacity claims are ‘trade protectionism’, ministry says
Growing alarm over Chinese industrial overcapacity flooding the EU with cheap products is opening a new front in the trade war with Beijing
Nio aims to launch one new car model per year under Onvo brand
EV maker Nio said it would launch one new model per year under its lower-priced Onvo brand, and price them similarly to gasoline...
