CYCS

Honda will start producing a new hydrogen fuel cell system co-developed with GM

TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it would start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and increase gradually its sales this decade, into an offer to develop its hydrogen activity. Honda will target annual sales of around 2,000 units of …

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AMD revenue beats targets, Wall St relieved after Intel’s bleak outlook

Jan 31 (Reuters) – U.S. chipmaker Advanced Micro Devices Inc (AMD.O) reported revenue above Wall Street targets on Tuesday and said it expected business to improve in the second half, giving excitement investors who saw the company win over rival Intel. The shares rose about 1.5% after hours trading. Although AMD’s predictions lagged behind expectations, …

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US seeks Tesla driver assistance documents; the company increases its investment forecast

WASHINGTON, Jan 31 (Reuters) – Tesla Inc (TSLA.O) disclosed on Tuesday that the U.S. Justice Department had sought documents related to its self-driving (FSD) and Autopilot assistance systems as the regulatory scrutiny intensifies. The automaker said in a filing that it “has received requests from the DOJ for documents related to Tesla’s Autopilot and FSD …

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Exclusive: Bed Bath & Beyond is preparing to file for bankruptcy this week – sources

NEW YORK, Jan 30 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) is preparing to seek bankruptcy protection as early as this week and has lined up liquidators to close additional stores unless a last-minute buyer emerges, four people familiar with the issue said Monday. The timing of any bankruptcy filing was in flux Monday …

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China smartphone sales in 2022 plunge to lowest level in a decade

SHANGHAI, Jan 30 (Reuters) – China’s smartphone sales suffered a record slump in 2022, falling 13% to their lowest level in a decade as COVID controls and a slowing economy sapped appetite of consumers, according to data from third-party research companies. The total number of devices shipped was 286 million, down from 329 million in …

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Boeing’s 747, the original jumbo jet, prepares for final dispatch

The last 747 freighter will be delivered to Atlas Air Ends over five decades of commercial production Boeing on the verge of bankruptcy, before becoming a cash cow Easy to fly, says rock star pilot Bruce Dickinson SEATTLE/PARIS, Jan 29 (Reuters) – The Boeing (BA.N) 747, the original and arguably best-looking “Jumbo Jet”, revolutionized air …

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Rheinmetall plans to increase ammunition production and HIMARS production in Germany

DUESSELDORF, Jan 29 (Reuters) – German arms maker Rheinmetall is set to dramatically increase production of tank and artillery ammunition to meet strong demand in Ukraine and the West, and may start producing launchers. multiple HIMARS rockets in Germany, CEO Armin Papperger said. Reuters. He spoke days before German defense industry bosses were due to …

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Electric vehicle maker Lucid rushes Saudi PIF report to buy remaining stake

Jan 27 (Reuters) – Shares of Lucid Group (LCID.O) jumped 43% on Friday, trimming gains after doubling down on market speculation that Saudi Arabia’s Public Investment Fund (PIF) wanted buy the electric vehicle manufacturer. The speculation stemmed from an “uncooked” alert attributed to deals website Betaville, using its term for market gossip. Lucid was the …

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Musk describes Tesla’s recession book: cost recovery

Jan 26 (Reuters) – Elon Musk has a playbook for Tesla (TSLA.O) heading into what he thinks is a “serious” recession: cutting costs on everything from parts to logistics, while maintaining pressure on competitors with reduced prices. . During a conference call to discuss Tesla’s fourth quarter results, Musk and other executives outlined plans to …

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