General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner LG Energy Solution.
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South Korea’s inflation climbs in November, but misses expectations
Last week, the bank of Korea cut its headline inflation outlook for 2024 and 2025 to 2.3% and 1.9% respectively, down from 2.5% and 2.1%.
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Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule
The Chinese automakers have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand.
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Adani investor GQG’s shares plunge over 15% after UBS downgrades stock, cuts target price
UBS also cut its target price on the firm from AU$3.30 to AU$2.30, and this marks the Swiss bank’s first ever downgrade of the stock since its listing.
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Norway hits pause on controversial deep-sea mining plans
Norway has shelved plans to open a vast ocean area at the bottom of the Arctic for commercial-scale deep-sea mining.
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Jaguar reveals ‘Type 00’ concept car, first under controversial new brand identity
Famed British carmaker Jaguar revealed its new vehicle design direction Monday night with the introduction of an all-electric concept car called “Type 00.”
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Strikes underway at Volkswagen plants across Germany as wage conflict escalates
Volkswagen plants saw workers go on warning strikes on Monday as tensions over changes to labor agreements and potential factory closures escalated.
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December 3, 2024December 3, 2024Country, United States, Worldwide
Navigating Troubled Waters: What the Surge in Bankruptcy Filings Means for the Economy
Bankruptcy filings are surging. As we brace for what lies ahead, it’s essential to recognize the potential for a repeat of past crises and prepare accordingly.
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Caixin PMI: China’s November factory growth hits five-month high, beats forecasts
Manufacturers saw incoming new orders rise at its fastest pace in more than three years, signaling that stimulus efforts have already seeped into the economy.
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Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales
Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board of directors.