Exxon Mobil has announced a significant non-binding lithium supply agreement with South Korean battery components manufacturer LG Chem, marking another strategic milestone in the company’s …

To compete, Spirit aggressively expanded its capacity by 27% over the past three years, incurring over USD 2 billion in debt during the same period.

Germany, where Volkswagen employs nearly 45% of its workforce, has the highest labor costs in the global automotive sector—averaging 62 euros (USD 66) per hour …

The majority of layoff notices – approximately 2,200 – were issued to workers in Washington, where Boeing assembles many of its commercial aircraft.

Among Duffy’s priorities will be reversing Biden-era vehicle emissions regulations, which Trump has criticised as overly stringent.

The decision to oust Lowe, who had led the company since 2017, comes as Wolfspeed grapples with significant headwinds.

Xiaomi’s move into the EV industry aligns with its long-term strategy of diversifying revenue streams and leveraging its expertise in consumer electronics and IoT.

The partnership extends support to Quantum Energy dealerships, equipping them with tools like QR codes for instant loan applications and on-ground assistance from I-Loan’s team.

General Motors (GM) is executing another round of significant workforce reductions, laying off approximately 1,000 employees globally, with the majority of cuts occurring in the …

Aston Martin Formula 1 team is undertaking a significant internal transformation as it battles through a challenging 2024 season marked by diminishing performance and notable …