Focus on Business
Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers
Elon Musk suggests Tesla dropped plans for a human-driven $25K EV, instead focusing on a fully autonomous "Cybercab" by 2026.
GM recalls 107 Bolt vehicles over fire risk
GM recalls 107 Bolt EVs over fire risk after diagnostic software issue; owners urged to limit charging and follow safety steps.
Europe auto struggles lead to cuts at Michelin, Germany’s Schaeffler
Michelin and Schaeffler's job cuts reflect challenges in the European auto industry amid rising energy costs and market shifts.
German air-taxi maker Lilium hires KPMG to explore M&A options
The move to explore options comes after a court granted Lilium's application for self administration, the company said.
Saudi Aramco says quarterly profit drops 15% on low oil prices
The world's largest crude oil exporter, Saudi Aramco, reports a Q3 profit drop of 15 per cent, reflecting lower oil prices and ongoing...
Chinese company bullish on Cuban solar drive, executive says
Cuba is desperate to generate electricity on an island where demand is rising but generation by antiquated oil-fired power plants has plummeted.
Celanese cuts dividend by 95%, implements cost-cut plans after profit slump
Celanese slashed its dividend by 95 per cent, launched new cost cuts, and projected lower Q4 profits, sending shares down 14 per cent.
Manitoba eyes speedier approval, more Indigenous involvement in mining sector
The Manitoba government has released a new critical mineral strategy that it says will speed up projects and better involve First Nation communities.
Trump unlikely to undo Biden’s IRA climate legislation, TotalEnergies executive says
TotalEnergies expects Trump unlikely to exit Paris Agreement or undo IRA if re-elected, per strategy director Hamelle.
Tesla’s Oct China-made EV sales fall 5.3%
Tesla reported a 5.3 per cent decline in October EV sales in China. Meanwhile, Chinese rival BYD hit a record 500,526 units.
