Business & Finance News
South Korea’s SK Innovation said on Monday it will spend 1.14 trillion won ($1.01 billion) to build its first electric vehicle (EV) battery plant in the United States to better compete in the global EV battery market.
Bitcoin extended its falls on Monday to $3,843, down more than five percent from the day’s highs on renewed selling in cryptocurrencies.
The proposed alliance between Volkswagen and Ford shows that the days of carmakers going it alone are over, as tariffs, new technology and tougher emissions rules fragment markets that were once global.
FiatChrysler’s late Chief Executive Sergio Marchionne argued for deeper auto industry consolidation in an April 2015 presentation which said 50 percent of carmakers’ research and development investments were being wasted on duplicate efforts.
Mitsubishi Motors Corp said on Monday its board removed Carlos Ghosn from his role as chairman, following his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct.
Total’s French retail electricity arm is on track to win 700,000 customers this year, challenging former state monopolies EDF and Engie with a low-cost, digital service it believes could mimic Uber’s success in the taxi market.
Oil prices on Monday clawed back some losses from a nearly 8-percent plunge the previous session, but Brent failed to hold above $60 per barrel amid generally weak financial markets.
French luxury goods group Kering announced new measures to step up its digital and e-commerce presence, which is among its fastest growing areas, including new partnerships with Apple Inc..
Mitsubishi Motors Corp’s board will meet on Monday to remove Carlos Ghosn from his role as chairman after his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct.
Oil prices on Monday clawed back some losses from a nearly 8 percent plunge the previous session, with Brent jumping back above $60 per barrel, but sentiment remained weak amid a broad sell-off in financial markets in past weeks.
Mitsubishi Motors Corp’s board will meet on Monday to remove Carlos Ghosn from his role as chairman after his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct.
Ask Memphis residents and they might say that President Donald Trump got this one right: this is the best job market as far as many in this majority black city can remember.
Papua New Guinea (PNG) will uphold its agreement with China’s Huawei Technologies Co Ltd to build its internet infrastructure, a PNG government minister said on Monday, dismissing offers from Western countries to take on the work.
When Cao Jun, 40, an engineer from the central Chinese city of Pingdingshan, takes his old, grey MG 3 car to be serviced he always steals a few moments to pop into the Nissan and Honda dealerships next door.
Nissan Motor Co said Chief Executive Officer Hiroto Saikawa did not mention a need to review the automaker’s equity partnership with French partner Renault SA at a town hall meeting he held with staff on Monday morning.
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