Focus on Industry
Stellantis aims to cut North America inventories by 100,000 by early-2025, CFO says
Stellantis aims to reduce North American inventories by 100,000 vehicles by 2024, cutting 40,000 units so far.
Northvolt to axe 1,600 jobs as Europe’s EV hopes stall
Northvolt cuts 1,600 jobs and suspends expansion as it faces production issues, slow EV demand, and competition from China.
India is in the midst of an electric vehicle revolution — and Australia should tap in
India’s electric vehicle market is booming, with sales surpassing 4.1M by March 2024, offering diverse EV options and rapid growth.
Could fusion energy help decarbonize the world’s electricity system?
MIT Energy Initiative: Fusion could complement renewable energy and, if costs come down, provide up to 50 per cent of global electricity by...
Climate Asset Management has raised more than $1bn, CEO says
Climate Asset Management has raised more than $1 billion to invest in natural capital projects such as regenerative agriculture.
US awards $3 billion for EV battery production in 14 states
The grants announced Friday mark the second round of EV battery funding under the bipartisan infrastructure law approved in 2021.
Nippon Steel to sell $211 million in assets to manage debt amid US Steel deal
Nippon Steel agreed with three Japanese banks for $16bn in loans to fund the acquisition of U.S. Steel, now is facing political opposition.
Holcim draws climate criticism ahead of $30 billion US spinoff
Holcim cement emissions under fire from non-profit group after investment in low-carbon start-up.
Food companies launch partnership to cut dairy industry’s CO2 emissions
Ajinomoto and Danone team up to use proprietary product that be used in cows' digestive systems to reduce manure emissions.
Upstream electrification can cut oil and gas production emissions by more than 80%, report says
Researchers say fully electrified oil rigs and other fossil fuel assets emit 86% less carbon dioxide per barrel.
