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Exclusive: Tesla plans to export Chinese-made electric vehicles to US sources

Exclusive: Tesla plans to export Chinese-made electric vehicles to US sources

SHANGHAI, Nov 11 (Reuters) – Tesla (TSLA.O) is considering exporting Chinese-made electric cars to the United States, two people with knowledge of the planning told Reuters, a reversal that would reflect the growing cost advantage automaker at its Shanghai plant and slowing demand from Chinese consumers. Tesla has been investigating whether parts made by its …

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Japanese factory output falls for the first time in four months as companies battle rising costs

Japanese factory output falls for the first time in four months as companies battle rising costs

September production falls 1.6% m/m from forecast -1.0% Automotive production down 12.4% m/m, the biggest drop since January Global slowdown a downside risk for production – METI official September retail sales post year-over-year increase for seventh month TOKYO, Oct 31 (Reuters) – Japanese industrial production fell in September for the first time in four months …

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Intel's Mobileye unit valued at $22 billion as shares rise

Intel’s Mobileye unit valued at $22 billion as shares rise

Oct 26 (Reuters) – Shares of Mobileye Global Inc (MBLY.O) rose 30% in the early afternoon on Wednesday after its U.S. debut, valuing Intel Corp’s standalone technology unit ( INTC.O) to $21.8 billion as investors swallowed what could be the last major IPO of 2022. The debut comes after a turbulent period when Mobileye settled …

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GM's strong third-quarter results allay investor fears of slowdown

GM’s strong third-quarter results allay investor fears of slowdown

DETROIT, Oct 25 (Reuters) – Investors cheered a strong third quarter at General Motors Co (GM.N) as the automaker’s performance and confidence eased growing fears of a global recession. GM shares jumped more than 5% in premarket trading on Tuesday as strong sales and prices of the company’s North American trucks drove higher quarterly profit …

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Renault and Nissan in talks that could reshape the automotive alliance

Renault and Nissan in talks that could reshape the automotive alliance

The best performing Renault share in the CAC-40 index Discussions expected to continue ahead of investor presentation PARIS/TOKYO, Oct 10 (Reuters) – Renault (RENA.PA) and Nissan (7201.T) said on Monday they were in talks on the future of their alliance, including the Japanese automaker considering investing in a new electric vehicle venture by its French …

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