Electric vehicle (EV) manufacturer Rivian announced its second round of layoffs just this year on Wednesday as consumer demand for EVs stalls. The layoffs at Rivian will affect around 1% …
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A Chinese Communist Party-linked battery manufacturing giant is suing a Michigan man in a bid to get him off land near which the company plans to build its plant. Gotion …
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BYD, China’s top electric vehicle (EV) maker, recorded a substantial increase in profits in its 2023 annual report published on Tuesday. BYD previously dethroned billionaire Elon Musk’s Tesla as the …
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(Reuters) – A. O. Smith beat fourth-quarter profit estimates on Tuesday, helped by strong demand for its water heaters in North America. The Milwaukee, Wisconsin-based company also benefited from a …
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HANOI (Reuters) – Vietnamese electric vehicles maker VinFast will open an EV business network in the Philippines, its parent company Vingroup said on Tuesday, in an announcement during the visit …
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By Abigail Summerville (Reuters) – The private equity firm that owns Hometown Food Company is exploring a sale of the maker of Pillsbury’s shelf-stable baking products and Birch Benders, according …
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(Reuters) – McCormick on Thursday forecast its annual sales and profit below Wall Street estimates, hit by lower sales volumes as consumers traded down to cheaper private label alternatives for …
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(Reuters) – TE Connectivity Ltd on Wednesday provided an upbeat forecast for second-quarter profit after reporting a better-than-expected quarterly profit, helped by component demand from electric vehicle makers. Shares of …
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(Reuters) – PPG Industries beat Wall Street estimates for fourth-quarter profit on Thursday, as the industrial coatings maker benefited from increased sales of vehicles as well as strength in its …
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By Scott Murdoch SYDNEY (Reuters) – Wilsons tennis racket maker Amer Sport is planning to price its $1 billion U.S initial public offering (IPO) by the end of January, according …
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(Reuters) – Lucid Group is recalling more than 2,000 units of its Air luxury electric sedan for potential faults in early versions of a part that could pose a safety …
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PARIS (Reuters) – Stellantis announced on Friday that it is investing in French sodium-ion battery startup Tiamat to diversify its portfolio and mass-produce electric vehicles while reducing exposure to scarce …
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By Phuong Nguyen HANOI (Reuters) -Vietnamese electric vehicle (EV) maker VinFast on Saturday named its founder and biggest financial backer, Pham Nhat Vuong, as chief executive as it plans an …
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By Manya Saini (Reuters) -Wilson tennis racket maker Amer Sports on Thursday revealed a 30% revenue surge for the first nine months of 2023 in its filing to go public …
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(Reuters) – XCF Global Capital has agreed to go public via a merger with special purpose acquisition company (SPAC) Focus Impact BH3 Acquisition, in a deal that values the sustainable …
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HANOI (Reuters) – Vietnamese electric vehicle (EV) maker VinFast has launched its first partnership with a U.S.-based dealer, North Carolina-based Leith Automotive Group, its latest effort to ramp up sales …
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(Reuters) – Door maker Masonite International said on Monday it will acquire PGT Innovations, a manufacturer and supplier of windows and doors, for $3 billion in a bid to expand …
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(Reuters) – Greek-yogurt maker Chobani said on Friday it had bought ready-to-drink coffee maker La Colombe for $900 million to expand its beverage business. Chobani said it bought the Philadelphia-based …
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By Michelle Nichols NEW YORK (Reuters) – Hundreds of Yazidi-Americans, led by Nobel Peace Prize winner Nadia Murad, filed a lawsuit against French cement maker Lafarge on Thursday, accusing it …
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(Reuters) – Lucid Group on Monday said Sherry House would be stepping down as its finance chief, effective immediately, to pursue other opportunities. The luxury electric car maker said Gagan …
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HANOI (Reuters) – The United States International Development Finance Corporation (DFC) has signed a letter of interest with electric vehicles maker VinFast to consider the Vietnamese company’s application for a …
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By Sam Nussey and Miho Uranaka TOKYO (Reuters) – Japanese robot maker Yaskawa Electric is considering investing around $200 million in the United States, its president said, with an eye …
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By Jeffrey Dastin, Anna Tong, Samrhitha A and Krystal Hu (Reuters) – The board of the company behind ChatGPT on Friday fired OpenAI CEO Sam Altman – to many, the …
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(Reuters) – Crop protection products maker FMC Corp has launched a strategic review of its non-core assets, including a potential sale of its non-crop business. A slowdown in demand for …
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OSLO (Reuters) – Swedish truck maker Scania will switch to using steel made without carbon emissions in its heavy-duty vehicles before the end of the decade, it said on Monday. …