GM escalates the electric vehicle arms race

[ad_1] DETROIT, June 16 (Reuters) – General Motors Co (GM.N) on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two U.S. battery plants and forecast…

Italy data protection agency opens ChatGPT probe on privacy concerns

[ad_1] MILAN, March 31 (Reuters) – Italy’s data protection agency said on Friday it had opened a probe into OpenAI’s ChatGPT chatbot over a suspected breach of the artificial intelligence…

Exclusive: Vietnam’s Vincom Retail in stake sale talks with strategic investors – sources

[ad_1] SINGAPORE/HANOI, March 29 (Reuters) – Vietnam’s largest conglomerate, Vingroup (VIC.HM), is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic…

Electric-vehicle firm Rivian could seek $70 bln valuation in IPO- Bloomberg News

[ad_1] May 28 (Reuters) – Electric-truck startup Rivian Automotive Inc could target a valuation of about $70 billion in its potential public listing later this year, Bloomberg news reported on…

Italy’s Campari builds up bourbon business with $600 million Kentucky deal

[ad_1] MILAN, Oct 31 (Reuters) – Italian spirits group Campari (CPRI.MI) said on Monday it had reached an agreement to buy an initial 70% stake in Wilderness Trail Distillery for…

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…

Vodafone plans to cut 1,000 jobs in Italy, almost a fifth of total

[ad_1] MILAN, March 13 (Reuters) – Vodafone (VOD.L) said on Monday it plans to shed 1,000 jobs in Italy — almost a fifth of its total workforce in the country…

Saudi sovereign wealth fund near $35 billion deal for Boeing jets, WSJ says

[ad_1] March 11 (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) is close to a deal to order Boeing commercial jets for the fleet of a new national airline, the…

Exclusive: Chip equipment maker ASML’s suppliers eye Asia plants outside China amid tensions

[ad_1] HANOI/AMSTERDAM, March 10 (Reuters) – Suppliers to Dutch chip-making machines giant ASML Holding NV (ASML.AS) are considering building plants in Southeast Asia instead of China amid political tensions between…