Focus on Transport
Rivian’s quarterly revenue slumps for first time since IPO
Rivian posted its first drop in quarterly revenue on Thursday since the electric vehicle maker went public three years ago.
Lucid beats revenue estimates, reaffirms annual production
The company reported third-quarter revenue of $200 million, narrowly beating estimates of $198 million, according to data compiled by LSEG.
Washington seals $475 million loan for battery recycler Li-Cycle ahead of Trump’s arrival
The U.S. Energy Dept. approved a $475M loan to Li-Cycle for a NY battery plant, key to Biden’s domestic EV supply chain goals.
GM ending production of Cadillac XT4 SUV as it shifts to EVs
GM to end gas-powered Cadillac XT4 production in January, shifting Kansas plant focus to next-gen Chevy Bolt EVs.
UK consumer watchdog urges government to tackle barriers to heat pumps and EVs
The consumer watchdog’s annual survey, now in its third year, tracks shoppers’ attitudes towards sustainability.
Private jet carbon emissions soar 46%: study
Private jet emissions rose 46 per cent from 2019-2023, now at 15.6M tonnes CO2 in 2023; study urges regulation for ultra-luxury travel.
Bentley to launch SUV EV in 2026, extend sales of plug-in hybrids to 2035
Bentley delays full EV shift to 2035, launching its first electric SUV in 2026 with plans for hybrids till 2035, citing demand.
Mexican economy chief says wants to sound out Musk on Tesla plant plans
Mexico's Economy Minister Marcelo Ebrard seeks talks with Elon Musk to revive Tesla's plans for a gigafactory in Nuevo Leon.
Stellantis, Infineon announce cooperation on architecture for next-generation cars
Stellantis partners with Infineon to advance EV power systems, securing semiconductor supply for efficient, sustainable mobility.
Italy cuts automotive industry support to avoid funding cars made in China
Italy plans to cut 4.6 billion euros from auto industry funds to avoid supporting electric cars made in China, says minister.
