Lithuania speeds green transition, expects 10 bln euros investment

[ad_1] VILNIUS, Oct 1 (Reuters) – Lithuania will bring forward its target for using only green power to 2035, 15 years earlier than currently planned, its energy minister said. The…

Honda says domestic output at 40% of capacity in Aug-Sept, 70% in early Oct

[ad_1] TOKYO, Sept 21 (Reuters) – Honda Motor Co (7267.T) said its car factories in Japan have been operating at 40% of capacity in August and September because of shortages…

Electric car sales surge as Europe’s climate targets bite

[ad_1] BRUSSELS, June 29 (Reuters) – One in every nine new cars sold in Europe last year was an electric or plug-in hybrid vehicle, with low-emission car sales surging even…

US business equipment borrowings grow 11% in February – ELFA

[ad_1] March 22 (Reuters) – U.S. companies borrowed 11% more in February than last year to finance equipment investments, industry body Equipment Leasing and Finance Association (ELFA) said on Wednesday.…

Germany says making progress in EU talks on 2035 ban on fossil fuel cars

[ad_1] BERLIN, March 20 (Reuters) – Talks between Germany’s Transport Ministry and the European Commission about the planned end of new combustion engines from 2035 are moving forward, the ministry…

Ford, Rivian dump plans to jointly develop a Ford electric vehicle

[ad_1] Nov 19 (Reuters) – Ford Motor Co (F.N) and Rivian Automotive Inc (RIVN.O) have dropped plans to jointly develop an electric vehicle, Ford confirmed on Friday. “We respect Rivian…

Volkswagen to invest in mines in bid to become global battery supplier

[ad_1] BERLIN, March 17 (Reuters) – Volkswagen (VOWG_p.DE) plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to…

Volkswagen picks Canada for first battery cell plant outside Europe

[ad_1] Move comes shortly after Scout plant announcement Plant in Canada can also qualify for IRA subsidies BASF also picked Canada for EV battery materials plant WOLFSBURG, Germany, March 13…

Russia’s Avilon to buy Volkswagen’s Kaluga factory – RBC news site

[ad_1] March 1 (Reuters) – Russia’s Avilon autodealer group is to buy Volkswagen’s (VOWG_p.DE) last Russian factory at Kaluga, business news site RBC reported on Wednesday, citing two unidentified sources.…