Large parts of the world are not ready for zero-emission vehicles, which is why Toyota Motor Corp (7203.T) did not sign a pledge this week to phase out fossil-fuel cars by 2040, the world’s largest automaker said on Thursday. Six major carmakers, including General Motors (GM.N), Ford (F.N), Sweden’s Volvo Cars (VOLCARb.ST) and Daimler AG’s […]
Exxon Mobil (XOM.N) is in discussions with Dutch contractor SBM Offshore NV (SBMO.AS) to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to the negotiations said. The talks include the potential for some future platform assembly in Guyana, the people said. Guyana hopes to develop an oil industry […]
Companies in North America added a record number of robots in the first nine months of this year as they rushed to speed up assembly lines and struggled to add human workers. Factories and other industrial users ordered 29,000 robots, 37% more than during the same period last year, valued at $1.48 billion, according to […]
Boeing Co (BA.N) may win an order as early as this weekend for about 70 to 80 737 MAX jets from Indian billionaire Rakesh Jhunjhunwala’s startup Akasa Air, Bloomberg News reported on Thursday, citing people familiar with the matter. A deal could be announced during the Dubai Airshow, which begins on Nov. 14, the report […]
Italian infrastructure group Atlantia (ATL.MI) on Thursday raised its 2021 guidance after reporting a 27% increase in core profit for the first nine months when excluding its domestic motorway business which it has agreed to sell. Funds from operations (FFO) are expected to reach 2.4 billion euros in 2021, compared with a previous expectation of […]
Tesla Inc (TSLA.O) Chief Executive Elon Musk has sold nearly $9 billion worth of shares since the world’s richest person polled Twitter users about offloading 10% of his stake in the electric-car maker. He sold a combined 8.2 million shares, which is nearly half of the 10% stake that he had pledged to sell. Musk […]
Japan’s Subaru Corp (7270.T) on Thursday unveiled its first all-electric vehicle (EV), the Solterra, the result of a two-year joint development project with its biggest shareholder, Toyota Motor Corp (7203.T). The sports utility vehicle (SUV) launch comes amid accelerating demand for EVs as nations around the world tighten environmental regulation to cut carbon emissions. Toyota […]