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...It is building its first electric car factory outside Asia in Brazil as part of a R$3bn ($620mn) investment....
...“We see this huge investment potential with the new buildout of energy infrastructure in the US,” said Tim Holt, an executive board member of Siemens Energy, which this month announced plans to build a $150mn...
...EPRI, an energy research organisation, appointed Vince Sorgi, chief executive of PPL Corporation, as chair of the board....
...Tesla has been forced to go back to the drawing board after residents of the east German town of Grünheide, the site of its only European assembly plant, overwhelmingly rejected a plan to massively expand...
...current role as CEO” and replace him as chair of the carmaker’s board of directors....
...Electric arc plants use scrap steel, of which Britain has a surplus....
...But to expand production, the US company issued a large amount of debt as the cost of running its wood pellet processing plants increased....
...More auto news: Tesla will this month send a team to scout locations in India for a proposed $2bn-$3bn electric car plant, according to two people with direct knowledge of the electric vehicle company’s...
...It operates two battery plants in the US and is building two more in the southern state of Kentucky, and one more each in Tennessee and Georgia....
...“I see genuine effort across the board....
...SK laid off more than 100 workers at the same plant in September and is delaying the launch of a second plant in Kentucky, a joint venture with Ford, which was scheduled to begin operation in 2026....
...Ford said it was “pleased” to have reached the deal and was focused on restarting its plants in Kentucky, Michigan and Illinois that were shut down after workers walked off the job....
...“Clearly, the presence of a French government representative on the board is helpful when it comes to influencing decisions on where to invest and where to shut down plants,” he added....
...The newly announced funding would take the Japanese group’s investment in the plant — one of its largest outside Japan — to about $13.9bn by 2030....
...“Second, acquiring the technology, and not always above board,” she added....
...Biden’s remarks came just two days after off-year elections in parts of the country delivered better than expected results for his Democratic party in states such as Virginia and Kentucky....
...While the UAW’s overarching goal is to unionise all the foreign carmakers’ plants, as well as newer electric-vehicle start-ups such as Tesla and Rivian, its campaigns are being fought one plant at a time...
...The Kentucky Truck factory brings in $25bn in annual revenue and is Ford’s most profitable globally. Ford is investing billions of dollars to supply a growing line-up of electric vehicles....
...Ford makes much of its profits from pick-ups, while the Kentucky plant that manufactures the Super Duty is the single most profitable factory in the carmaker’s entire global network....
...The company’s Indian owners told trade union leaders on Thursday that they would push ahead with the closure of two blast furnaces at its Port Talbot plant in south Wales, the UK’s largest steelworks, by...
..., president of the board of commissioners for St Joseph County, Indiana, a Republican state that has welcomed electric vehicle production....
...The company, which reported net debt of €11.5bn at the end of last June, said the need to rapidly reduce borrowings had been part of its recent decision to close two German production plants....
...China’s BYD overtaking Tesla as the world’s best-selling brand of electric vehicles is one of the most eye-catching headlines of the first week of 2024....
...soared for the metal at the heart of the electric vehicle revolution....
...That includes cutting some production of the Mustang Mach-E and delaying construction on one of two joint-venture battery plants planned in the state of Kentucky....
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