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Exclusive: Hyundai subsidiary has used child labor at Alabama factory

Exclusive: Hyundai subsidiary has used child labor at Alabama factory

LUVERNE, Alabama, July 22 (Reuters) – A subsidiary of Hyundai Motor Co has used child labor at a plant that supplies parts for the Korean carmaker’s assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers, and eight former and current employees of the factory. Underage workers, in some …

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Nasdaq rose as Tesla posted strong earnings

Nasdaq rose as Tesla posted strong earnings

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register Tesla shares rise as profit tops expectations Energy stocks lead sectoral declines AT&T drags down communication services sector Indexes mixed: Dow up 0.08%, …

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Ford announces series of deals to accelerate EV push

Ford announces series of deals to accelerate EV push

Ford CEO Jim Farley attends the official launch of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, U.S. April 26, 2022. REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register DETROIT, July 21 (Reuters) – Ford Motor Co (F.N) on Thursday announced …

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Tesla profit tops target; Musk sees no demand problem

Tesla profit tops target; Musk sees no demand problem

A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register July 20 (Reuters) – Tesla Inc (TSLA.O) on Wednesday reported a smaller-than-expected drop in quarterly profit as a string of price increases on its electric vehicles (EVs) helped offset production challenges …

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How China became ground zero for the auto chip shortage

How China became ground zero for the auto chip shortage

TAIPEI/SHANGHAI/SINGAPORE, July 19 (Reuters) – From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. Pang has bought 62,000 microcontrollers, chips that help control a range of functions from car engines and …

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Judge in Twitter v. Musk made rare ruling: ordering a deal to close

Judge in Twitter v. Musk made rare ruling: ordering a deal to close

July 15 (Reuters) – The judge overseeing Twitter Inc’s (TWTR.N) $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a U.S. corporate merger. Kathaleen McCormick took over the role of chancellor or chief …

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Twitter sues Elon Musk to hold him to $44 billion deal

Twitter sues Elon Musk to hold him to $44 billion deal

WILMINGTON, Del., July 12 (Reuters) – Twitter Inc (TWTR.N) sued Elon Musk on Tuesday for violating his $44 billion deal to buy the social media platform and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $54.20 per Twitter share. “Musk apparently believes that he – unlike …

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For EV battery makers, it's go small or go home

For EV battery makers, it’s go small or go home

CAMBRIDGE, England, July 11 (Reuters) – In the race to go electric, carmakers have focused on range to ease consumer anxiety over charging infrastructure, but battery makers are already working on the smaller, longer-lasting and cheaper batteries of the future, which also charge more quickly. While carmakers today chase market leader Tesla Inc (TSLA.O), seeking …

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Mars, birth rates, but no Twitter: Elon Musk captivates Sun Valley moguls

Mars, birth rates, but no Twitter: Elon Musk captivates Sun Valley moguls

SpaceX owner and Tesla CEO Elon Musk speaks at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake/ Register now for FREE unlimited access to Reuters.com Register July 9 (Reuters) – Elon Musk avoided discussing the collapsed Twitter deal, only repeating allegations of fake account issues at the social media …

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