Focus on Manufacturing
GM to exit Cruise robotaxi business
Automaker General Motors said on Tuesday its majority-owned Cruise business will drop the development of robotaxis.
Biden plans to block Nippon Steel purchase of US Steel, Bloomberg News reports
President Biden plans to block Nippon Steel's $15B U.S. Steel takeover on national security grounds, Bloomberg reports.
Germany’s Scholz calls for Europe EV subsidy plan
Germany's Chancellor Olaf Scholz calls for a European EV subsidy to aid automakers facing stagnation, costs, and competition.
Stellantis, China’s CATL to invest $4.33 billion in EV battery factory in Spain
Stellantis and CATL have set up a 50-50 joint venture for the project and expect to start production by the end of 2026.
India’s steel expansion could hinder net zero emission goal, GEM says
India's coal-driven steel expansion risks derailing its net-zero 2070 target, warns GEM, citing $187B in stranded assets.
Tesla aims to launch robotaxi with teleoperator backup, Deutsche Bank says
Tesla plans robotaxi service in 2024 with a company-owned fleet and human teleoperators, starting in California and Texas.
Stellantis’ former head of Ram returns to run the brand
Tim Kuniskis returns as Ram CEO to boost Stellantis amid falling sales and profits after Carlos Tavares' unexpected resignation.
Collaboration on steel and cement emissions standards is crucial for global markets
For industry, interoperable standards can provide a common language to facilitate global markets and help accelerate the energy transition.
Stellantis to rejoin ACEA auto manufacturers association, signaling potential shift in electrification plans
Stellantis plans to rejoin auto lobby ACEA, signaling a potential shift in electrification strategy after former CEO Tavares' exit.
Analysis: Gas price shock set to add to Europe’s industrial pain
EU gas demand is 17% below the five-year average observed during pre-pandemic years — but it is still vulnerable to price shocks.
