Sunday, 11 May 2025

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FILE PHOTO: Solar panels from SunPower are installed on residential buildings at a model home display in the Eureka Grove neighborhood of Granite Bay, California, U.S., October 5, 2021. REUTERS/Nathan Frandino/ File photo
BusinessNewsSolar

Solar firm SunPower to reduce workforce, shut business segments

SunPower restructuring will see 1,000 people laid off and direct sales arm shuttered.

Employees hold a plate with components at TE Connectivity in Woerth, Germany, February 16, 2022. Picture taken February 16, 2022. REUTERS/Lukas Barth/ File photo
BusinessElectric Vehicles (EVs)News

TE Connectivity beats quarterly profit estimates on EV sensor demand

Maker of EV sensors technology beats profit expectations amid global push for electric vehicles.

FILE PHOTO: U.S. Secretary of Energy Jennifer Granholm listens to questions from the audience during the PR100 event in Orocovis, Puerto Rico, March 28, 2023.  REUTERS/Gabriella N. Baez/File Photo
AutomotiveBusinessNews

US closes $362 million loan to CelLink for vehicle wiring plant

The United States has closed a $362 million loan to CelLink Corp to help finance the construction of a plant in Texas to...

FILE PHOTO: Jim Rowan, Volvo President & Chief Executive Officer, speaks during the reveal event of the Volvo EX30 electric SUV vehicle in Milan, Italy June 7, 2023. REUTERS/Claudia Greco/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsTrade

How Volvo landed a cheap Chinese EV on U.S. shores in a trade war

$35,000 Volvo EV hits a sweet spot in the American market, combining Chinese manufacturing cost advantages with Volvo's presence in United States.

Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. Picture taken February 11, 2019.   REUTERS/Nick Oxford/ File photo
FuelNewsOil

New tech helps US shale oil industry start to rebuild well productivity

Simul-fracking and electric pumps allow faster, cheaper and higher-yielding oil extraction as industry faces fall in Texas production.

FILE PHOTO: The logo of Tesla on display at the Everything Electric exhibition at the ExCeL London international exhibition and convention centre in London, Britain, March 28, 2024.  REUTERS/Peter Cziborra/File Photo
BusinessElectric Vehicles (EVs)News

Tesla reiterates $10 billion capital expenditure target for this year

Tesla projects future costs after signalling change in direction during disappointing Q1 earnings report.

FILE PHOTO: U.S. Secretary of the Interior Deb Haaland speaks during a briefing about the bipartisan infrastructure law at the White House in Washington, U.S., May 16, 2022. REUTERS/Elizabeth Frantz/File Photo
ElectricityNewsWind

US sets plan for 12 offshore wind auctions over five years

Wind farm auctions scheduled by US Interior Department, with four due to take place this year.

FILE PHOTO: The company logo is pictured on a Tesla Model X electric car in Berlin, Germany, November 13, 2019.    REUTERS/Fabrizio Bensch/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Tesla’s shift on low-cost cars throws overseas plans into limbo

Tesla factories planned for Mexico and India seem unlikely after news of focus on more affordable cars built at existing facilities.

U.S. President Joe Biden delivers remarks to commemorate Earth Day during a visit to Prince William Forest Park in Triangle, Virginia, U.S., April 22, 2024.  REUTERS/Kevin Lamarque/File photo
ClimateEmissionsLegislationNewsPoliticsRegulations

Factbox: Biden races to safeguard environmental rules from axe

Environmental Protection Agency expected to launch key Biden environmental measures in the coming days.

FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo
BusinessElectric Vehicles (EVs)News

Tesla’s quarterly revenue falls for the first time since 2020

Tesla's revenue fell in the first quarter as it handed over fewer electric vehicles to customers due to slowing demand and intense competition...

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