Biden administration leans on Tesla for guidance in renewable fuel policy reform

Biden administration leans on Tesla for guidance in renewable fuel policy reform

June 23 (Reuters) – US President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters. The Biden … Read more

How a cheap component could help kill off combustion cars

How a cheap component could help kill off combustion cars

LONDON/BERLIN, May 30 (Reuters) – The humble wire harness, a cheap component that bundles cables together, has become an unlikely scourge of the auto industry. Some predict it could hasten the downfall of combustion cars. Supplies of the auto part were choked by the war in Ukraine, which is home to a significant chunk of … Read more

Strong US retail sales, manufacturing output boost economic outlook

Strong US retail sales, manufacturing output boost economic outlook

Retail sales increase 0.9% in April March retail sales gain raised to 1.4% from 0.5% Core retail sales up 1.0%; March revised to show 1.1% gain Manufacturing production increases 0.8% in April WASHINGTON, May 17 (Reuters) – US retail sales rose strongly in April as consumers bought more motor vehicles amid an improvement in supply … Read more

Tata, India’s electric vehicle king, takes a frugal road less traveled

Tata, India’s electric vehicle king, takes a frugal road less traveled

PUNE, India, May 2 (Reuters) – To make its first electric vehicle for the consumer market, India’s Tata Motors Ltd (TAMO.NS) repurposed an unused shop floor at its flagship plant. Here, there’s no fancy assembly line – Nexon SUV bodies designed for gasoline models are wired and fitted with battery packs by hand. The area, … Read more

Buffett reveals big investments, rails against Wall St excess at Berkshire meeting

Buffett reveals big investments, rails against Wall St excess at Berkshire meeting

OMAHA, Neb., April 30 (Reuters) – Warren Buffett on Saturday used the annual meeting of Berkshire Hathaway Inc (BRKa.N) to reveal major new investments including a bigger stake in Activision Blizzard Inc (ATVI.O), while also railing against Wall Street excess and addressing the risks to his conglomerate of inflation and nuclear war. The meeting in … Read more

China signals easing of tech squeeze in bid to lift economy

China signals easing of tech squeeze in bid to lift economy

BEIJING/HONG KONG, April 29 (Reuters)-China signaled an easing of its crackdown on the once-freewheeling tech sector on Friday as President Xi Jinping seeks to bolster the economy in the face of growth-sapping COVID-19 lockdowns, sending shares in online heavyweights surging. China’s powerful Politburo, in a meeting chaired by Xi, said it will step up policy … Read more