Big Oil Chiefs See Middle East, China as Top Concerns
Escalating tensions in the Middle East and U.S. relations with China pose the greatest concerns for Big Oil, according to some of the industry’s top executives.
November 4, 2024Waymo Valued Over $45B After Latest Funding Round
The business said late last week that it had raised $5.6 billion in new capital at an undisclosed value. The financing was led by Alphabet, which also owns Google.
October 31, 2024China’s CATL Unveils Battery Designed for Hybrid Vehicles
China’s Contemporary Amperex Technology Co. on Oct. 24 unveiled a new battery designed for hybrid vehicles in an effort to wean more drivers off gasoline-guzzling cars.
October 24, 2024Auto Supplier Dana Exploring Sale of Off-Highway Unit
Dana Inc. is exploring a sale of its off-highway business, people familiar with the matter said, as the automotive supplier responds to sluggish demand in its key markets.
October 18, 2024GXO Considering Sale Amid Interest From Potential Buyers
The Greenwich, Conn.-based company is working with financial advisers, said sources who asked not to be identified because the details aren’t public.
October 11, 2024Tesla to Finally Roll Out Robotaxi Tonight
When Elon Musk finally unveils autonomous taxi prototypes late Oct. 10, the Tesla CEO will have a lot to prove.
October 10, 2024Northvolt Unit Files for Bankruptcy as Expansion Plan Halted
Northvolt AB sought bankruptcy protection for one of its units in a bid to limit the financial fallout from the troubled battery maker’s now-halted expansion in northern Sweden.
October 8, 2024Continental Picks Goldman, JPMorgan for Car Parts Spinoff
Continental AG has lined up banks to help with the separation of its struggling car parts business, moving ahead with the plans despite recalls related to faulty braking systems it supplied.
October 8, 2024Global Shipping Stocks Sink After Dockworkers Pause Strike
Shipping stocks slumped worldwide after a strike by U.S. dockworkers was suspended after only three days, spurring predictions of a decline in the price of transporting goods by sea.
October 4, 2024Businesses Weigh Fallout From Dockworkers Strike
As day one of the dockworkers strike unfolded, economists were trying to quantify the damage from the supply chain disruption caused by the closure of 36 ports.
October 2, 2024