Focus on Business
China’s Chery will open first European site for EV manufacture
Joint venture with Spanish manufacturer EV Motors will help recover some of the 1,600 jobs lost at shuttered Nissan factory.
Russian steelmaker Severstal becomes sole owner of former JV with Spain’s Windar
Russian steelmaker Severstal has acquired a St Petersburg holding company that controls a majority stake in a joint venture previously owned by Spanish...
Tesla’s global job cuts hit China sales team, sources say
Tesla's global job cuts include reducing staff in the U.S. and China, the automakers' two biggest markets, across sales, tech, and engineering, five...
Canada’s Tamarack Valley shutters production after Alberta gas plant fire
Canadian Natural, the country's biggest oil and gas producer, said it was alerted to the fire that had started inside its Mitsue Gas...
Alfa Romeo changes name of new ‘Milano’ EV to ease tensions with Italy
MILAN (Reuters) – Stellantis-brand Alfa Romeo said on Monday it would change the name of its new “Milano” to “Junior” to end a...
Eni aims to sell stakes in biofuel, bioplastic units by year-end, sources tell Reuters
Italian energy group Eni aims to sell by year-end minority stakes in its biofuel and bio-plastic units that could fetch around 1.3 billion...
Tesla’s senior battery executive Drew Baglino exits company
Tesla's senior vice president of powertrain and energy engineering, Drew Baglino, is leaving after 18 years at the auto-maker.
EQT to sell some natgas assets in Pennsylvania to Equinor USA
Natural gas prices have plummeted to three-year lows, forcing producers to curb output and spending on drilling activity.
