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Hurricane Beryl-Related Damage May Cost US Insurers $2.7 Billion, KCC Says
Hurricane Beryl is expected to cause approximately $2.7 billion in damages to US insurers, as estimated by catastrophe modeling firm Karen Clark & Co (KCC).
GM Receives $500 Million Grant From DOE For EV Production in Lansing Grand River Assembly Plant
General Motors (GM) has secured a $500 million grant from the US Department of Energy to support the production of EVs at its Lansing Grand River Assembly plant.
Marathon Oil Hit With $241.5 Million Penalty for Oil and Gas Pollution
Marathon Oil was fined $241.5 million for air quality violations at its Fort Berthold Indian Reservation oil and gas plants.
Tesla Delays Launch of Long-Awaited Robotaxi, Triggering 8% Drop in Stock Value
Elon Musk's Tesla shares fell 8% after reports that it would delay its Robotaxi debut by two months.
Latest News
Elon Musk promises to reinstate Disney+ in Tesla vehicles if Disney resumes advertising on his social media platform, X.
The New York Times revealed that Elon Musk is intending to donate his own sperm to boost the colonization of Mars.
The United States government is providing approximately $2 billion in assistance to eleven car companies, including General Motors and Stellantis, aimed at bolstering electric vehicle production and expanding assembly facilities across eight states.
The CCCS warns that Grab's proposed acquisition of Trans-cab could lead to unfair market dominance in Singapore's ride-hailing sector, reducing competition and boosting driver shortage.
Volkswagen is partnering with QuantumScape to develop solid-state batteries for future vehicles, aiming to enhance the energy storage capacity and safety of 1 million electric vehicles per year.
The US Energy Department plans to buy up to 4.5 million barrels of oil to replenish the Strategic Petroleum Reserve (SPR).
Tesla has increased the price of its Model 3 cars in European countries like Germany, the Netherlands, and Spain.
China's push to implement robotaxis gains favor from the public but sparks job security concerns among traditional taxi drivers, especially with Baidu's plan to expand its fully driverless fleet in major cities.
Elon Musk's Neuralink has announced that the tiny wires in the brain chip implanted in its first trial participant are now stable.
US sanctions have created obstacles for Russian imports of Chinese cars. US sanctions have created obstacles for Russian imports of Chinese cars, which have been crucial for the domestic market in recent years.