Focus on Manufacturing
US finalizes $9.63 billion loan for Ford, SK On joint battery venture
The U.S. Energy Department finalized a $9.63 billion loan for Ford and SK On to build three battery plants in Kentucky and Tennessee.
VW union calls for compromise in last-ditch talks before Christmas
Volkswagen's works council demands no plant closures as negotiations with management resume, amid threats of future strikes.
Stellantis swiftly reshapes strategy under Elkann after Tavares exit
Steered by Chairman John Elkann, Stellantis is acting swiftly to repair relations with dealers, industry partners, governments and workers.
Italy ready to work with Stellantis if jobs and plants are preserved, Meloni says
The Italian government is willing to work with Stellantis NV on the carmaker's future strategy provided it keeps jobs and factories in the...
Judge clears way for Musk appeal to try to restore $56 billion Tesla pay
A Delaware judge has allowed Elon Musk and Tesla to appeal a ruling that invalidated Musk's $56 billion pay package, citing fiduciary breaches.
China’s CATL offers suppliers financial support to drive battery innovation
CATL has extended its leadership in EV batteries with a global market share of 36.8% in the first 10 months of the year.
Vestas cuts hundreds of jobs on UK’s Isle of Wight
Vestas is switching from making offshore blades to smaller, onshore blades, which will only sustain 300 jobs at the site, it said.
Tesla sells 21,900 EVs in China in first week of Dec, the highest in Q4
The rare weekly sales disclosure came after Tesla logged its best month in the Chinese market this year with sales exceeding 73,000 in...
Explainer: What next for Nippon Steel and US Steel’s $15 billion mega-merger?
U.S. Steel's $15B Japanese takeover hangs in the balance as Biden weighs national security risks amid political pushback.
Nippon Steel slams ‘inappropriate’ politics in US deal
Nippon Steel issued the statement in response to a news report suggesting that President Biden might block its acquisition of US Steel.
